dc.description.abstract | In order to address the issues of CSR Disclosure and fill the gaps in the previous research in Taiwan, the specific aims in this study are to identify when the publicly-traded companies are going to disclose CSR Report, and to elucidate some of the theoretical assumptions about why those companies will voluntarily release CSR information. We separate different theories into three dimensions as explanatory factors, which are corporate characteristic, economic performance and external stakeholder pressure. Six hypotheses are developed and empirical methodology is adopted to test the hypotheses.
Our data sources come from financial reports and CSR reports on firms’ websites. The measurement of CSR Disclosure which is based on a time-series data of 1479 firms from 2002 to 2012 is tested by four analyses, Ordinary Least Square (OLS), panel Logit regression, panel Tobit regression and survival analysis. The findings indicated that firstly, institutional pressure (firm size, environmental sensitive industry and international ownership) still dominates firms’ behavior of disclosure. Second, profitability, economic performance, is not a main effect on CSR disclosure. Last, agency theory has never subsided in CSR disclosure and corporate governance. | en_US |