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研究生：	陳瑋仁 Chen, Wei-Jen
論文名稱：	企業社會責任與公司融資成本之探討：以台灣電子業為例 CSR and Firm's borrowing Rate: Evidence from Taiwan Electronic Industry
指導教授：	林軒竹 Lin, Hsuan-Chu
學位類別：	碩士 Master
系所名稱：	管理學院 - 財務金融研究所 Graduate Institute of Finance
論文出版年：	2011
畢業學年度：	99
語文別：	英文
論文頁數：	30
中文關鍵詞：	企業社會責任、融資成本
外文關鍵詞：	Corporate social responsibility, Cost of borrowing
相關次數：	點閱：114 下載：12
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查詢本校圖書館目錄查詢臺灣博碩士論文知識加值系統勘誤回報

從文獻中我們發現企業社會責任與公司的權益成本間較常被討論，但與金融機構間的融資成本關係則是較少被探討，本研究旨在探討台灣的企業社會責任表現與公司融資成本間的關係，主要透過三個面向來決定企業的社會責任的總和分數，分別是經濟面、環境面與社會活動面，而選擇多個面向來得到企業社會責任評分，也是為了能夠得到較客觀的結果。從實證結果中，我們發現企業社會責任的表現與公司融資成本間是具有負向關係的。確切的說，企業社會責任表現較好的公司伴隨著較好的名聲傾向於取得較低的長期借款利率。

There has been discussed in the field of CSR and the performance of a firm’s equity. But the relation between the corporate social responsibility and the financing costs of financial institutions has not been widely discussed. Therefore, this paper investigates the relation between the corporate social responsibility and the financing costs of firms based on three perspectives of economics, environments, and social activities in order to determine the total scores of CSR in Taiwan electronic industry. The empirical result provides a negative relationship between CSR and the firm’s loan rate. Accurately, firms with higher CSR performance accompany with better reputation tend to get lower loan rate in our research.

Contents
摘要--------------------------------------------------I
Abstract---------------------------------------------II
誌謝-------------------------------------------------III
Contents---------------------------------------------IV
Table of contents-------------------------------------V
1. Introduction---------------------------------------1
2. Literature Review----------------------------------4
2.1. Definitions of CSR-------------------------------4
2.2. The linkage between CSP and CFP------------------4
2.3. Measurement of CSP-------------------------------6
2.4. CSP and Reputation Effect------------------------6
3. Methodology----------------------------------------9
3.1 The measurement of corporate social performance---10
3.2 Loan rate measurement and other variables---------12
3.3 The approaches of analysis------------------------13
4. Empirical Results----------------------------------16
4.1 Descriptive Statistic analysis--------------------16
4.2 Result of current year CSR regression analysis----16
4.3 Result of current year robust analysis------------17
4.4 Result of previous year CSR regression analysis---18
4.5 Result of previous year robust analysis-----------18
5. Conclusions----------------------------------------20
References--------------------------------------------22


Table of contents
Table I. The component of CSP measurement-------------24
Table II. Variable Description------------------------25
Table III. Summary Statistics-------------------------25
Table IV. Correlations between Variables--------------26
Table V. Result of current year CSR regression--------27
Table VI. Result of current year robust analysis------28
Table VII. Result of previous year CSR regression-----29
Table VIII. Result of previous year robust analysis---30

                                    

References

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校內：2021-12-31公開
校外：2021-12-31公開

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