Please use this identifier to cite or link to this item:
|Title: ||企業社會責任, 盈餘管理與公司治理之關聯性|
|Other Titles: ||The relationship between corporate social responsibility, earnings management and corporate governance|
|Authors: ||侯琇玟;Hou, Shiou-wen|
|Keywords: ||企業社會責任;盈餘管理;公司治理;corporate social responsibility;Earnings Management;corporate governance|
|Issue Date: ||2013-04-13 11:30:46 (UTC+8)|
In recent years, Corporate Social Responsibility (CSR) is booming development, but the studies find that managers implement CSR activities in order to manipulate earning and to hide the operation which is getting worse. The CSR activities consume enterprise resource, which affects enterprises’ sustainable development, so a good corporate governance mechanism would monitor the managers to develop CSR policy. However, there are conflicts of interest between different stakeholders. We use Ordinary Least Squares to find which corporate governance mechanism in Japan could inhibit earnings management and improve CSR performance evaluation at the same time.
Empirical result indicates that corporations with better earning quality have higher CSR performance, revealing managers have less incentives to manage earnings when their corporation have better CSR performance. Moreover, to meet stakeholders’ expectations, managers carefully choose CSR activities to enhance CSR performance. Additionally, this paper also investigates whether corporate governance mechanisms affect the relationship between CSR and earning management. According to the result, outside and independent directors understand relevant professional knowledge and corporate operation very well, so they could not only control managers'' intention to manage earnings but also create the effect of CSR performance. However, major shareholders and foreign institutional investors do not have the effect owing to conflict of interest. Female directors could not affect the board’s decisions nor have the effect because female directors are minor. Due to conflict of interest, corporate governance mechanisms which monitor managers'' CSR activities are different.
Furthermore, we research the different corporate governance mechanisms to four dimensions of CSR performance evaluation, and then the result shows that independent directors have a positive impact on CSR performance of human resource and corporate governance dimensions. Female directors have a positive effect on CSR performance of society dimension. Overall, different corporate governance mechanisms in Japan have different role to monitor the CSR initiatives and ultimately affect CSR performance.
|Appears in Collections:||[會計學系暨研究所] 學位論文|
Files in This Item:
All items in 機構典藏 are protected by copyright, with all rights reserved.