dc.description.abstract | In recent years, with the mass values change, the female consciousness gradually rise, Asian countries also gradually diversification, in promoting the directors and their gold will actively implement since 2019 to promote gender equality policy, and with the more and more women′s role as a leader, The issue of corporate social responsibility (CSR) has also been discussed. It is worth discussing whether more CSR will increase the financial performance of a firm.
The purpose of this study is to explore the relationship between female directors and CSR and whether CSR and financial performance affect financial performance through employee turnover rate. The proportion of female directors is used as the proxy variable of female directors. Take the employee part of the CSR report as the proxy variable; The employee turnover rate was used as the proxy variable of the employee turnover rate. Taking the return on assets (ROA), return on equity (ROE) and Tobin′s Q as proxy variables of financial performance, and taking the listed and listed electronics companies in Taiwan from 2014 to 2018 as the study samples, descriptive statistical analysis, Pearson correlation analysis, regression analysis and intermediary analysis were conducted. To test the relationship between the variables and to verify the hypothesis of this study.
The empirical results show that there is a positive and significant relationship between female directors and CSR, indicating that the more female directors there are, the more enterprises implement CSR. There is no significant correlation between CSR and ROA and Tobin′s Q, indicating that the implementation of CSR will not have any impact on ROA and Tobin′s Q. CSR has a negative and significant relationship with employee turnover rate, indicating that the more enterprises implement CSR, the lower the employee turnover rate will be. The employee turnover rate has a negative and significant relationship with the financial performance, which means that the higher the employee turnover rate is, the higher the company′s costs will increase and the lower the financial performance. The employee turnover rate has an intermediary effect between CSR and financial performance, indicating that when enterprises implement CSR more, employees′ job satisfaction with the company will increase, thus reducing the employee turnover rate and improving the financial performance. | en_US |