2008年中國的毒奶事件震驚社會，嬰幼兒配方奶粉被檢驗出含有過量的三聚氰胺，全國22家乳制品業陸續被揭發，人們開始擔心食品安全的問題，永續經營是企業存在的目標，而所謂的永續發展原則即是企業必須權衡其獲利的目標與所有利害關係人的需求，並與其所在的社區建立長久的夥伴關係，也就是說企業必須在經濟、社會和環境等三方面都具備永續經營的理念，以克盡其企業社會責任。企業透過社會責任報告向企業的利害關係人傳達企業更透明更有會計責任的形象。然而，非財務資訊揭露的品質受到公司治理結構是否健全的影響，本研究採用一般最小平方迴歸分析(Ordinal least square regression，OLS)來檢驗中國上市公司社會責任評分與所提出的公司治理假設，並進行相關性分析及OLS分析。研究發現: 從股權結構方面來看，董監持股率較高之企業較重視企業社會責任，結果與假說相符，中國股權分置改革改變了中國上市公司的股權結構，原本一股獨大的現象逐漸緩和，股東間的監督機制產生作用，控股股東則不能隨心所欲的傷害剩餘股東的權利。從資訊透明度方面來看，獨立揭露社會責任報告之企業較重視企業社會責任，結果與假說相符，企業自願性額外揭露企業社會責任報告是提升企業形象的關鍵因素。公司規模較大之企業較重視企業社會責任，結果與假說相符，為了降低因為規模較大而導致較高的政治成本，管理當局會擴充自願性揭露(包括財務性和非財務性)的資訊範圍。

In 2008, the shocked incident of baby’s milk with poison was happened in China. Baby’s milk was been discovered to contain excessive levels of Melamine. Twenty-two companies in the industry have involved in the scandal. General public began to worry about the issue of food safety. Sustainable management is the existence of the business goals. The principle of sustainable development asks enterprises to weighed against its earnings goals and the needs of all stakeholders to establish long-term partnership with communities. It means that an enterprise must have the concept of sustainable development in economic, social and environmental aspects, in order to fulfill its corporate social responsibility. Enterprise conveys corporate image more transparent and more accountability to the stakeholders through the Social Responsibility Report. However, the quality of non-financial information disclosure by the soundness of corporate governance structure. This study uses the least squares regression analysis to examine the social responsibility score of Chinese listed companies with corporate governance assumptions. The empirical results show that in Ownership Structure, the higher of Directors and Supervisors Ratio, the more emphasis on CSR, results consistent with the hypothesis. Chinese equity division reform changed the ownership structure of listed companies in China. Due to the dominance phenomenon gradually ease. This dispersed ownership is forming an internal oversight mechanisms that preventing harming action to the rights of remaining shareholders. In Information Transparency, the enterprise disclosure CSR reports independently are more emphasis on CSR, results consistent with the hypothesis. The enterprise voluntarily disclosure additional CSR reports will enhance the corporate image. The larger of companies, the more emphasis on CSR, results consistent with the hypothesis. In order to reduce the higher political costs that cause by large companies, management would expand the information of disclosure
.

第一章	緒論…………………………………………………………………………..1
第一節	研究背景與動機……………………………………………….……….1
第二節	研究目的………………………………………………….…………….4
第三節	研究架構………………………………………………………………..5
第四節	研究流程………………………………………………………………..6
第二章	文獻探討……………………………………………………………………..7
第一節	中國公司治理之發展歷程……………………………………………..7
第二節	中國企業社會責任之發展……………………………………………12
第三節	中國公司治理與企業社會責任之關係………………………………18
第三章	研究方法……………………………………………………………………25
第一節	研究架構與假說……………………………………………………....25
第二節	資料來源與樣本選取………………………………………………....26
第三節	研究變數操作性定義………………………………………………....27
第四節	實證模型與統計方法………………………………………………....34
第四章	實證結果…………………………………………………………………....37
第一節	敘述性統計與相關係數分析……………………………………...….37
第二節	迴歸分析結果……………………………………………………...….42
第五章	研究結論、限制與建議……………………………………………………..51
第一節	研究結論………………………………………………………………51
第二節	管理意涵………………………………………………………………53
第三節	研究限制與建議………………………………………………………54
參考文獻………………………………………………………………………….….56
附錄一：樣本公司行業別統計………………………………………………………65
附錄二：各年度之迴歸結果…………………………………………………………68
圖表 目錄
圖 1-1 研究流程圖 ……………………………………………………… .. ………… ..6
圖 3-1 研究架構圖 ………………………………………………………………… ..2 5
表 2-1 企業社會責任之定義及發展歷程 彙總表 ……………………………… .….13
表 3-1 研究假說彙總表 …………………………………………………………… ..2 6
表 3-2 企業社會責任指標 企業社會責任指標 AHP 架構圖 ………………………………………… ……………………………………… .…29
表 3-3 變數定義彙總表 ………………………………………………………… .. …35
表 4-1 實證變數之敘述性統計 ………………………………………………… .….39
表 4-2 實證變數之 PearsonPearsonPearsonPearsonPearson 相關係數矩陣表 ………………………………… ... ….4 1
表 4-3 公司治理變數及控制對 CSRICSRICSRICSRI之迴歸結果 之迴歸結果 (Full sample) (Full sample) (Full sample) ………… ………… .….4 5
表 4-4 公司治理變數及控制對 公司治理變數及控制對 CSRICSRICSRICSRI之迴歸結果 之迴歸結果 -遞延效益 (Full sample) (Full sample) (Full sample) (Full sample)(Full sample) (Full sample)(Full sample)... ..4 7
表 4-5 企業 獨立揭 露社會責任報告和高 (低)污產業別之 污產業別之 T檢定…… …… .….. ….49
表 4-6 T 6 T檢定測試 CSRICSRICSRICSRI與企業社會責任報告揭露否之關聯性 與企業社會責任報告揭露否之關聯性 …………… .…50

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