| 摘要: | 隨著社會責任觀念興起，企業不再只追求利潤極大化，也須承擔對利害關係人的傷害，並將執行企業社會責任成果以企業社會責任報告來傳達給社會大眾檢視。本研究主要目的在探討企業揭露企業社會責任與權益資金成本、財務績效是否有關聯性。
實證結果發現以台灣而言，企業揭露企業社會責任後的權益資金成本會逐漸下降，顯示投資人可能將企業社會責任資訊納為投資的考量因素之一；而揭露企業社會責任也會提高企業整體形象及名聲，帶來更多之財務績效。
The emerge of corporate responsibility, making corporate no longer just pursue the shareholders' wealth maximization but also take the responsibility of stakeholders’ losses, and to execute the corporate responsibility result by using the corporate responsibility reporting to show to the people and to be examined. The purpose of the study is to confer the relationship between corporate responsibility reporting, cost of equity capital and financial performance.
Based on Taiwan’s data, after exposing corporate responsibility reporting, the cost of equity capital descends gradually, showing the investors might bring the corporate responsibility into consideration for investment. However, exposing corporate responsibility reporting might also raise reputation and whole appearance which bring more financial performance. |
