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研究生: 王詩涴
Cythia, Angeline Feliciana
論文名稱: Does Corporate Social Responsibility Affect Financial Performance in Controversial Industries? The Case in Alcohol Industry
Does Corporate Social Responsibility Affect Financial Performance in Controversial Industries? The Case in Alcohol Industry
指導教授: 楊曉瑩
Yang, Ann Shawing
學位類別: 碩士
Master
系所名稱: 管理學院 - 國際經營管理研究所
Institute of International Management
論文出版年: 2019
畢業學年度: 107
語文別: 英文
論文頁數: 66
外文關鍵詞: Corporate social responsibilities, Sustainability, Firms’ financial performance, Controversial Industry, Alcohol sector, Brewers product, Distillers and wineries product, Panel data regression.
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  • Controversial Industry especially alcohol sector, is one of of the most consumed product in society although it is considered as one of the harmful product towards health. Nevertheless alcohol company in controversial industry is also one of the sector that involved a large number of corporate social responsibility activities. Based on it, this study purpose is to analyzed the relationship between corporate social responsibility with environmental and social as the measurement of CSR and it’s effect on firm’s financial performance. In this study’s result, CSR got a positive impact towards firm’s financial performance.

    ABSTRACT.............. I ACKNOWLEDGEMENTS ........... II List of Tables.............V CHAPTER ONE ............1 INTRODUCTION............1 1.1 Research Background. ...........1 1.2 Research Contribution and Purpose........4 1.3 Research Procedure..........5 CHAPTER TWO .............6 LITERATURE REVIEW ..........6 2.1 Controversial Industries..........6 2.2 Alcohol Industry...........8 2.2 Corporate Social Responsibility (CSR) Background. .....9 2.3 Utilitarian Theory and CSR in Alcohol Industry......12 2.4 Corporate Social Responsibility (CSR) and Financial Performance..13 2.5 CSR and Stakeholder Theory. .........16 CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY ...18 3.1 Variables. ............18 3.1.1 Independent Variables. ..........18 3.1.2 Dependent Variables..........18 3.1.3 Control Variables. ...........20 3.2 Research Methodology. ..........21 3.3 Data and Sample Sources.........22 CHAPTER FOUR RESEARCH RESULTS .......27 4.1 Descriptive Statistics...........27 4.2 Correlation Analysis...........35 4.3 Multicolinearity Test. ...........40 4.4 Panel Data Regression Analysis. ........41 4.4.1 Panel Data Regression Results for Firm’s ROA Financial Performance on the CSR score and the CSR Performing Indicator.....42 4.4.2 Panel Data Regression Results for Firm’s ROE Financial Performance on the CSR score and the CSR Performing Indicator.....48 4.4.3 Panel Data Regression Results for Firm’s ROIC Financial Performance on the CSR score and the CSR Performing Indicator.....53 CHAPTER FIVE CONCLUSION AND SUGGESTIONS.....58 5.1 Research Conclusion. ...........58 5.2 Research Contribution. ..........61 5.3 Research Limitation and Suggestion. ........61 REFERENCES.............62

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