頁籤選單縮合
題 名 | 企業社會責任與財務績效:以經營效率為中介效果=Corporate Social Responsibility and Corporate Financial Performance--The Mediate Effect of Operating Efficiency |
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作 者 | 鄧美貞; 王琬青; | 書刊名 | 朝陽商管評論 |
卷 期 | 11:2 2012.12[民101.12] |
頁 次 | 頁77-104 |
分類號 | 494.7 |
關鍵詞 | 企業社會責任; 無形資產; 經營效率; 財務績效; Corporate social responsibility; Intangible assets; Efficiency; Financial performance; |
語 文 | 中文(Chinese) |
中文摘要 | 近年來企業開始體認到,企業在追求獲利的同時也應該對於『社會』善盡一己力量,也由於這樣的風潮進而影響學術界對於此議題的探討。然而多數研究卻忽略了企業履行社會責任對無形資產價值的影響以及經營效率的中介效果。因此,本研究有別以往研究,將無形資產價值納入企業的經營效率,並探討經營效率對於企業社會責任行為與財務績效的中介效果,研究結果發現:(1)傳統評估經營效率未納入無形資產價值,經營效率值顯著低估;(2)社會責任企業的資產報酬率、經營效率、固定資產、與市場佔有率皆顯著高於非社會責任企業;(3)在中介效果檢視下,企業社會責任行為會透過經營效率影響股東權益報酬率,亦即經營效率具有完全中介效果。 |
英文摘要 | Enterprises have become more concerned about their social responsibility in addition to their profits. Consequently, the issue of corporate social responsibility receives increasing attention and analyses from the academic community. However, most of previous studies neglect the influence of corporate social performance on intangible assets and the mediating role of operating efficiency. Therefore, this study incorporates the concept of intangible assets into the evaluation of firms' operating efficiency and examines the mediating role of operating efficiency in analyzing the effect of corporate social responsibility on financial performance. Our results reveal that: (1) the conventional methods tend to underestimate operating efficiency owing to the neglect of intangible assets; (2) the firms assuming social responsibility perform better than others in terms of ROA, operating efficiency, and market shares; and (3) the mediating role of operating efficiency is crucial for financial performance of ROE. |
本系統中英文摘要資訊取自各篇刊載內容。