dc.description.abstract | In recent years, various kinds of events such as food safety storms, money laundering, nuclear waste disposal, and industrial sewage treatment have emerged in an endless stream. Many companies have neglected the corporate, social and environmental sustainability for profit. However, the issue of Corporate Social Responsibility (CSR) has become a new trend. The enterprise fulfill the responsibility of society not only for sustainable business, but also enhances the public′s image of the company. Therefore, this study is mainly to explore the impact of the disclosure and disclosure voluntarily of the CSR report on the financial performance of the company. Through Taiwan Economic Journal, the relevant variable data is obtained, and the CSR report is observed during the four years from 2013 to 2016. The disclosure status and its impact on the financial performance of the company are based on annual data.
The study found that there is a certain degree of impact on the disclosure of CSR reports, although it may increase the cost of operating, which is not conducive to maximizing the wealth of shareholders and allowing companies to purchase additional assets to increase the recovery of compensation. However, the disclosure of the CSR report may also allow the company to increase many investment opportunities in the future, and also help the company′s future growth opportunities. Most of empirical results show the positive relationship with financial performance if the company exposes the CSR report proactively. It can help investors to generate confidence if the company exposes the CSR report proactively, therefore it is still good for the company.
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