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    Title: 董事持股比例對企業社會責任表現之影響:CEO 雙元性為調節變項
    The Impact of Director Ownership on Corporate Social Responsibility: The Moderating Role of CEO Duality
    Authors: 朱宇平
    Chu, Yu-Ping
    Contributors: 傅浚映
    Fu, Jyun-Ying
    朱宇平
    Chu, Yu-Ping
    Keywords: 董事持股比例
    企業社會責任
    CEO 雙元性
    Director ownership
    Corporate social responsibility
    CEO duality
    Date: 2023
    Issue Date: 2024-01-02 15:22:47 (UTC+8)
    Abstract: 積極履行企業社會責任實際上能為企業實現雙贏局面,不僅有助於回饋和貢獻社會,維護良好的社會關係,同時還能夠塑造出卓越的企業形象和聲譽,贏得利害關係人的信任,進一步提升企業的市場價值,最終建立長期之產業競爭優勢並且達成可持續發展。企業社會責任是一項長期的投資計劃,而董事持股比例可能會影響董事會經營決策的方向,是傾向於短期獲利還是長期經營。此外,CEO 雙元性領導結構是現今企業普遍採用的組織領導模式。過往的文獻指出,當公司採用 CEO 雙元性領導結構時,可能會引發嚴重的代理問題,並對經營績效產生負面影響,這些負面影響會增加股東的代理成本負擔,最終損害了股東的利益,亦即持股董事的利益。本文選取了 2015 年至 2019 年期間中國 A 股市場的上市公司作為研究對象,以探討董事持股比例對於公司企業社會責任表現的影響。透過迴歸分析,本研究得出以下實證結論:(1) 董事持股比例對於公司的企業社會責任表現具有正面影響。(2) 當公司的 CEO 與董事長是同一個人時,會使董事持股比例對公司企業社會責任表現的正面影響更為強烈且明顯。
    In practice, actively discharging corporate social responsibility (CSR) can lead to a win-win situation for companies. It not only contributes to giving back to and benefiting society, maintaining robust social relationships but also helps shape an exceptional corporate identity and reputation. Consequently, this garners the trust of stakeholders, further enhancing the market value of the company. Ultimately, it establishes long-term competitive advantages and achieves sustainable development. CSR is a long-term investment plan, and director ownership may influence the direction of board decision-making, whether it leans towards short-term profitability or long-term operation. Furthermore, the CEO duality leadership structure is a commonly adopted organizational leadership model in the contemporary business environment. Previous literature has indicated that when companies adopt a CEO duality leadership structure, it may lead to severe agency problems and negatively impact operational performance. These negative effects increase the agency costs borne by shareholders, ultimately harming the interests of shareholders, namely, the interests of shareholding directors. This study selects publicly-listed companies within the China A-share market spanning from 2015 to 2019 as the research subjects to examine the influence of director ownership on a company's CSR performance. Through regression analysis, this research draws the following empirical conclusions: (1) Director ownership has a positive impact on a company's CSR performance. (2) When the CEO and chairman of the board are the same person, the positive impact of director ownership on the company's CSR performance becomes more significant and pronounced.
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    Description: 碩士
    國立政治大學
    企業管理研究所(MBA學位學程)
    109363110
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0109363110
    Data Type: thesis
    Appears in Collections:[企業管理研究所(MBA學位學程)] 學位論文

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