This study aims to examine the relationship between ownership structure and corporate sustainability, and the moderating effect that industry and internationalization has on such relationship. Our sample, totaling 456 observations from 2010 and 2012, consisted of Taiwan listed sustainable companies that were DJSI nominated for year 2013, paired with non-sustainable listed companies in Taiwan. Using Logit regression model to test our research hypotheses, we found that the foreign ownership and the trust funds are positive associated with corporate sustainability, while the ownerships held by the government, individuals, directors and managers are negatively correlated to corporate sustainability. Furthermore, we found that industry and internationalization have a moderating effect on the relationships between certain types of ownerships and corporate sustainability. Besides supplementing current literature on Taiwan corporate sustainability, this study can serve as useful reference for Taiwan practitioners and government authorities in formulating their investment decisions.
當代會計=Journal of Contemporary Accounting 15(2)，頁193-223