本研究探究企業為何要刪減企業社會責任行為之動機。過去之研究對於企業為何實施企業社會責任提供大量的因素，本研究挑選出其中較重要，並已有實證結果之因素，包括財務績效、財務槓桿度、企業規模、企業能見度等，來探討其對企業刪減企業社會責任行為之影響。本研究以是否被美國的企業社會指數─多米尼400社會指數 (Domini 400 Social Index) 除名作為企業是否刪減其企業社會責任行為之判斷指標，研究期間為1996年至2005年，共10年。本研究之實證結果發現當企業財務績效較差、財務槓桿較高、企業能見度對外部利害關係人而言較差、且企業規模較小時，企業較容易進行刪減企業社會責任之行為。

This study investigates the reasons why companies reduce the implementation of corporate social responsibility (CSR). Extant literature has provided a number of reasons why companies may want to implement CSR. In this study, I employ the factors that have been previously identified as the determinants of CSR implementation to investigate if these factors also affect the reduction of CSR implementation. By defining the companies that are delisted from Domini 400 Social Index, the largest socially screened index in the world, as the ones that reduces the CSR implementation, I find that companies with less profitability, higher leverage, less visibility to outside stakeholders, and smaller size are more likely to weaken the implementation of CSR.

程心瑤(2011)，「公司治理與企業責任報告之揭露」，會計評論，第52 期，頁35-76。
程心瑤(2009)，「企業責任報告之價格溢酬」
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