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系統識別號 U0002-2101202009564300
中文論文名稱 經理人過度自信與公司社會責任-投資人情緒的調節效果
英文論文名稱 MANAGER OVERCONFIDENCE AND CORPORATE SOCIAL RESPONSIBILITY:INVESTOR SENTIMENT AS MODERATOR
校院名稱 淡江大學
系所名稱(中) 會計學系碩士班
系所名稱(英) Department of Accounting
學年度 108
學期 1
出版年 109
研究生中文姓名 黃尉翔
研究生英文姓名 Wei-Hsiang Huang
學號 606600152
學位類別 碩士
語文別 中文
口試日期 2020-01-09
論文頁數 61頁
口試委員 指導教授-陳薇如
委員-孔繁華
委員-鄭佳綾
中文關鍵字 過度自信  公司社會責任  投資人情緒  經理人持股 
英文關鍵字 Overconfidence  corporate social responsibility  investor sentiment  managerial shareholding 
學科別分類
中文摘要 本研究主要探討經理人過度自信對公司社會責任績效之影響,以及投資人情緒如何影響經理人過度自信與公司社會責任績效之關係。本研究以2007年至2017年間台灣上市櫃公司為樣本,運用Logit及 Probit迴歸進行假說驗證。依據過去文獻,經理人過度自信對公司社會責任的影響可分為創新觀點以及避險觀點,研究結果發現,經理人過度自信與公司社會責任為顯著正向關係,經理人過度自信程度較高時,公司社會責任績效較好,支持文獻中的創新觀點。在投資人情緒的調節效果的部分,實證結果則顯示投資人情緒對經理人過度自信與公司社會責任之關係具有負向的調節效果,本研究推論當投資人情緒高昂時,公司經理人因缺乏迎合投資人樂觀情緒的動機,不傾向追求社會責任投資活動,導致投資人情緒會弱化經理人過度自信對於公司社會責任的正向關係。
英文摘要 This paper explores the impact of manager overconfidence on corporate social responsibility and how investor sentiment affects theirs relationships. This study used Taiwan listed companies from 2007to 2017 as samples. Logit and Probit regressions were used to conduct hypothesis verification. According to the past literature, the influence of manager overconfidence on corporate social responsibility can be divided into innovative ideas and risk aversion. The research results indicated that manager overconfidence is significantly positively related to corporate social responsibility, which supports the innovative ideas from the literature. Furthermore, with regarding to the investor sentiment affects, the results show that the investor's sentiment has a negative moderation effect on the relationship between manager overconfidence and corporate social responsibility. This paper concludes that when the investor sentiment is high, company managers are not inclined to pursue socially responsible investment activities because they lack the motivation to cater to investors' optimism. Thus far, investor sentiment will weaken the positive relationship between manager overconfidence and corporate social responsibility.
論文目次 中文摘要 i
英文摘要 ii
第一章 緒論 1
第一節 研究背景與動機 1
第二節 研究目的 3
第三節 研究流程 4
第二章 文獻探討 6
第一節 經理人過度自信 6
第二節 公司社會責任 12
第三節 投資人情緒 20
第三章 研究方法 27
第一節 研究假說 27
第二節 資料來源 30
第三節 研究方法 30
第四節 實證模型 31
第五節 變數定義 35
第四章 實證分析 41
第一節 敘述統計與相關分析 41
第二節 實證分析 45
五、 結論與建議 53
參考文獻 55

圖目錄
圖1-1 研究流程圖 5
圖2-1 天下企業公民獎四大構面 17

表目錄
表3-1控制變數說明 40
表4-1 敘述統計 42
表4-2 相關係數 44
表4-3 經理人過度自信對公司社會責任之影響迴歸結果-DUMOC1 46
表4-4 經理人過度自信對公司社會責任之影響迴歸結果-DUMOC2 48
表4-5 經理人過度自信對公司社會責任以投資人情緒調節之迴歸結果-DUMOC1 50
表4-6 經理人過度自信對公司社會責任以投資人情緒調節之迴歸結果-DUMOC2 52

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