||This paper analyses the relationship between having a corporate, social responsible (CSR) report as well as the construction of CSR report and firm value among the public trading firms in Taiwan. I collect all of the listed or OTC CSR reports in Taiwan as the data, utilizing the specialized software, Meazure, to sort out the sequence for the issues recorded in the materiality matrix. I found the patterns are different across industries or the patterns are related to the negative social event in the industry. However, no matter the industry, most of the material issues are more related to the firm business rather than the stakeholder interest. Combined with the research of materiality matrix and the fundamental situation of CSR report, I construct independent variables based on the characteristic of CSR report.|
Preliminary findings suggest that issuing a CSR report can enhance the firm value. On average, firms with CSR report have the firm value of 49.3% higher than others. In the characteristics of CSR Report, CSR report with provide the sequence of the material issues and CSR report with assurance by independent institution have the firm value of 70.3% and 93.2% higher than others, respectively. The other characteristics of CSR report, however, seems to not having significant impact on firm value.
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