Tesi: "Performance of corporate"

1

Kanclerytė, Agnė. "The impact of corporate social performance on corporate financial performance". Master's thesis, Lithuanian Academic Libraries Network (LABT), 2010. http://vddb.laba.lt/obj/LT-eLABa-0001:E.02~2010~D_20100914_101805-16498.

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This thesis attempts to extend the research in the Corporate Social Performance – Corporate Financial Performance relationship. The studies conducted previously display mixed findings with no unified evidence of the relationship direction and impact. This study reviews the existing literature on CSP and CFP as well as their link, identifying main problems and brings forward the concepts of strategic CSP and ad-hoc CSP. These concepts in a wider term are referred as CSP maturity. The main aim of this study is to investigate whether there is a relationship between company’s financial performance and CSP maturity and if the relationship is present, the relationship direction and causality. A study sample was constructed from large European banks and insurance companies. A panel data containing the information of 86 companies measured separately three times in three years period was analyzed. The empirical study used return on asset (ROA), return on equity (ROE) and return on sales (ROS) ratios for CFP operationalisation. CSP maturity was measured as years of continuous involvement into strategic CSP. The correlation analysis was build in order to verify the hypothesis about the CSP maturity and CFP relationship direction. Additionally the average mean of ROA, ROE and ROS was compared between the companies engaged in strategic and ad-hoc CSP. The weighted least squares regression, including several control variables was constructed to test two models of CSP maturity and CFP... [to full text]
Šiuo magistriniu darbu autorė siekia praplėsti įmonės socialnės veiklos (CSP) ir įmonės finansinių resultatų (CFP) sąryšio tyrimus. Ankstesnių tyrimų rezultatai yra prieštaraujantys ir nepateikiantys vienalyčių įrodymų apie šių dviejų kintamųjų ryšio kryptį bei stiprumą. Šis tyrimas apžvelgia ankstesnius tyrimus, atliktus siekiant ištirti ryšį tarp CSP ir CFP, identifikuoja pagrindines problemas ir pristato strateginės ir atsitiktinės socialinės veiklos sampratas. Šios sampratos apibendrintai yra vadinamos CSP branda. Pagrindinis šio tyrimo tikslas yra ištirti ar egzistuoja priežastinis ryšys tarp CSP and CFP ir jei egzistuoja, nustatyti jo kryptį bei priežastingumą. Tyrimui naudojama imtis buvo sudaryta iš stambių Europos bankų bei draudimo kompanijų. Tyrimui buvo naudojami paneliniai duomenys, kurie buvo gauti 86 įmones matuojant 3 kartus tryjų metų periode. Tyrime įmonių finansiniai rezsultatai buvo matuojami turto grąžos (ROA), nuosavybės grąžos (ROE) bei pardavimų grąžos (ROS) rodikliais. CSP branda buvo matuojama nepertraukiamos strategines CSP veiklos metų skaičiumi. Koreliacijos analizė parodė neigiamą ryšį tarp CSP brandos ir įmonės finansinų rezultatų (koreliacijos koeficinetai kievienam finansiniam rodikiui buvo -0.438, -0.358, -0.350). Nepriklausomų imčių vidurkių palyginimo T-testas parodė statistiškai reikšmingą skirtumą tarp ROA ir ROS rodiklių lyginant įmones, kurios CSP vykdė strategiškai ir atsitiktinai. Įmonės, kurios vykdė CSP atsitiktinai, jų ROA ir ROS... [toliau žr. visą tekstą]

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2

Harrington, Robert P. "Forecasting corporate performance". Diss., Virginia Polytechnic Institute and State University, 1985. http://hdl.handle.net/10919/54515.

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For the past twenty years, the usefulness of accounting information has been emphasized. In 1966 the American Accounting Association in its State of Basic Accounting Theory asserted that usefulness is the primary purpose of external financial reports. In 1978 the State of Financial Accounting Concepts, No. 1 affirmed the usefulness criterion. "Financial reporting should provide information that is useful to present and potential investors and creditors and other users..." Information is useful if it facilitates decision making. Moreover, all decisions are future-oriented; they are based on a prognosis of future events. The objective of this research, therefore, is to examine some factors that affect the decision maker's ability to use financial information to make good predictions and thereby good decisions. There are two major purposes of the study. The first is to gain insight into the amount of increase in prediction accuracy that is expected to be achieved when a model replaces the human decision-maker in the selection of cues. The second major purpose is to examine the information overload phenomenon to provide research evidence to determine the point at which additional information may contaminate prediction accuracy. The research methodology is based on the lens model developed by Eyon Brunswick in 1952. Multiple linear regression equations are used to capture the participants’ models, and correlation statistics are used to measure prediction accuracy.
Ph. D.

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3

Carter, Stephen Douglas. "Corporate treasury performance measurement /". Title page, contents and conclusions only, 1990. http://web4.library.adelaide.edu.au/theses/09EC/09ecc3251.pdf.

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4

Konadu, Renata. "Corporate environmental performance and corporate financial performance : empirical evidence from the United Kingdom". Thesis, Bournemouth University, 2018. http://eprints.bournemouth.ac.uk/31139/.

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The concept of environmental management and its related issues have received heightened attention in global discussions due to climate change, global warming and other environmental challenges over the last three decades. To abate and avert these challenges, efficient environmental processes, strategies, policies, initiatives and practices have been adopted by some companies and countries. As a result, research scholars have also highlighted the financial implication of engaging in such environmental management activities and have advanced investigations to understand the relationship between corporate environmental performance (CEP) and corporate financial performance (CFP). Nonetheless, results are inconsistent and contradictory, thus, leaving a gap in the literature that calls for further examination. The primary aim of the study is to examine the relationship between CEP and CFP in listed firms in the UK. There are three sub-specific objectives strategically drafted to contribute to the existing literature on the subject matter. First, to investigate the impact of CEP (i.e., environmental operational performance (EOP) and environmental management performance (EMP)) on corporate financial performance (i.e., accounting-based and market-based measures) in the various sectors from 2009 to 2015. Second, to investigate the non-linear relationship between environmental operational performance and corporate financial performance in the carbon and non-carbon intensive sectors. Lastly, to explore the extent to which EOP mediates the relationship between environmental management performance and CFP. In order to achieve the above-mentioned objectives, the study used a sample size of 196 listed firms on the Financial Times Stock Exchange (FTSE) All-Share Index from the year 2009 to 2015. The secondary data examined in the study was sourced from ASSET4 Environmental, Social and Governance (ESG), Companies‘ Annual Reports and DataStream. To begin with the analysis, an econometric model was developed to establish the correlation between the dependent variables (i.e., financial performance indicators) and the independent variables (i.e., EOP and EMP) with the use of Stata statistical tool. After which, the panel data regression fixed effect was utilised to explore the actual relationship between CEP and CFP. The descriptive results from the analysis indicate that financial and industrial firms are the most dominant sectors represented in the sample. Despite its dominance in the sample, some existing studies seem to validate the opinion that including financial firms in analysis such as this would invalidate the final results due to their different reporting styles. In order to examine and provide empirical evidence regarding those arguments, the study further investigated the CEP-CFP relationship exclusively and inclusively of the financial sector. After such exploration, it was found that indeed excluding and including financial firms from the overall study sample did have significant impact on the overall results. For instance, when financial firms were included in the sample, ROS was not statistically significant in relation to any of the EOP measures. However, upon exclusion of the financial firms, scope 1 emissions were found to be significantly and positively associated with ROS. These results provide confirmatory evidence that indeed including/excluding financial firms in studies relating to environmental performance has to be done with the necessary caution. The panel regression tests also revealed that Greenhouse Gas (GHG) emission, which is a measurement proxy for EOP, should be examined in their separate scopes and not together. The results support the multi-dimensional construct hypothesis emphasised in this study. It was also found that each scope of GHG emission affects accounting and market-based financial performance measures differently. Furthermore, grouping firms into carbon-intensive and non- carbon intensive showed a different perspective of the EOP and CFP relationship. In other words, a non-linear relationship was found for most of the EOP measures including Scope 1 and 2 GHG emissions, resource use reduction and water consumption when tested with the financial performance measures. Additionally, when the mediation effect was tested, it was discovered that only the two scopes of GHG emissions out of the four environmental operational performance measures employed in this study mediated the EMP and CFP relationship. Regarding the EMP and CFP relationship, environmental policies, monitoring, processes and management systems were found to be signifcantly related with CFP. It was also discovered that scope 1 fully mediated the association between environmental policies, monitoring, management systems and Returns on Assets (ROA), Returns on Capital Employed (ROCE) and Stock Price. Likewise, scope 2 also demonstrated a full mediation effect on the relationship between environmental policies, monitoring, management systems, processes and Stock Price, ROCE and Returns on Sales (ROS). The study contributes knowledge to existing literature and studies in a number of ways. First, the segregation of total GHG emissions into the individual scopes has brought additional insights into the policy development of GHG emissions reduction. For instance, there is evidence that scope 1 emissions are positively related to ROS whereas scope 2 emissions have a significant adverse impact. However, when financial firms were included in the sample, scope 2 showed a positive link with financial performance while scope 1 rather revealed a negative association with CFP. This suggests the need for the various sectors to advance different policies if they expect to improve their financial performance. Furthermore, the results enrich the literature on non-linear relationships between environmental performance and CFP. The current study‘s distinction of the non- linear relationship between carbon intensive and non-carbon intensive firms will help inform management in those sectors on the specific operational performance to focus on and how to utilise such relationship for enhanced performance. Lastly, the study contributes to the CEP literature by indicating the interrelationship between environmental operational and environmental management performance. Such mediated association will help researchers to appreciate the need to use both dimensions of CEP in order to ascertain the robust relationship that exists between both performances.

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5

Daniel, Oluwakemi. "The Relationship Between Corporate Social Responsibility, Corporate Sustainability, and Corporate Financial Performance". ScholarWorks, 2018. https://scholarworks.waldenu.edu/dissertations/5847.

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Some business executives are reluctant to engage in social responsibility and sustainability practices because of the assumption that these projects are costly and impair profitability. The purpose of this correlation study was to examine the relationship between corporate social responsibility, sustainability (as proxied by the 2016 Best Corporate Citizens index), and corporate financial performance (as measured by ROA and Tobin's Q). Stakeholder theory was the theoretical framework for the study. The results of linear regression analyses indicated an insignificant positive relationship between corporate social responsibility, sustainability, and financial performance. The yield of the linear regression analyses was as follows: F(1, 12) = .023, p = .881, R2 = .002 for ROA and F(1, 12) = .060, p = .811, R2 = .006 for Tobin's Q. The findings from the study revealed that the relationship between social and sustainable activities and financial performance is indifferent regardless of whether financial performance is assessed using accounting or market measures. The presence of a direct, though insignificant, association calls for business managers' attention. The reason is that with the positive association, it is arguably useful to suggest that the more social and sustainable projects are embarked on by firms, the greater the probability of an increased financial outcome.

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6

Eldomiaty, Tarek I. "Corporate governance and corporate performance : implications for transition economies". Thesis, City University London, 1998. http://openaccess.city.ac.uk/7564/.

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This study examines corporate governance modes in different international business systems: the Anglo-Saxon, the Communitarian, and the Asian/emerging business systems. The review of the literature covers the link between corporate governance and the agency problem on the basis that the latter is concerned with the conflicting interests between corporate managers and its financiers. In this respect, the literature has come up with mechanisms that can mitigate the negative effects of the agency problem such as incentive contracts. The study also addresses the conventional practices of corporate governance as equivalent to practices of corporate finance. In this respect, debt financing and equity financing are discussed as the two main financial tools that shape the financial phase of corporate governance. The management discretion, upon which financing mechanism(s) is (are) to be relatively relied upon, is inherent the certain institutional infrastructure that permits certain financing mechanism to relatively dominate the other(s). In this concern, the study discusses the political-legal perspectives of corporate governance. Considering that different international business systems result in different institutional structures and orientations, the financing mechanisms available in each system create certain economic institutions such as the stock markets, banks, ... etc. In this regard, the study discuses, from international business perspectives, the basic corporate governance mechanisms: the stock market governance, the banks governance and the role of the board of directors in corporate governance. The study extends the current domain of corporate governance to address non-financial issues drawn from the literature of social-business studies in international business context. These issues are corporate orientation towards its stakeholders interests and corporate identity as determinants to the corporate relative competitive position in the marketplace. In addition, from a transitional markets point of view, the study examines what information can be disclosed to company's stakeholders for monitoring its performance, thus providing an evidence that helps corporate stakeholders to certify the company's business affairs.

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7

Arndt, Stephanie, Gunnar Gaitzsch, Carsten Gnauck, Christoph Höhne, Anne-Karen Hüske, Thomas Kretzschmar, Ulrike Lange, Katrin Lehmann e André Süss. "The Relation between Corporate Economic and Corporate Environmental Performance". Saechsische Landesbibliothek- Staats- und Universitaetsbibliothek Dresden, 2011. http://nbn-resolving.de/urn:nbn:de:bsz:14-qucosa-38454.

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For almost 40 years researchers have been trying to identify the relationship between corporate environmental and corporate economic performance. Neither theoretical debate nor empirical studies investigating the relationship show conclusive results. Within a field research seminar at Technische Universität Dresden, nine students conducted a meta-analysis of 124 studies to assess different aspects of the relationship between corporate economic and corporate environmental performance. In the first part of our paper, we analyze and present the theoretical background based on a review of literature. In the second part, we test for empirical evidence. At first, the conceptual frameworks and measurement methods for corporate economic and corporate environmental performance are discussed. We also look at the impact of environmental performance on shareholder value. Thereafter, we examine the influence of time, industries and publication bias. In conclusion, our research indicates that the quality of journals merits further examination to improve results.

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8

Lim, Christopher. "Relationship Between Corporate Social Responsibility and Corporate Financial Performance". ScholarWorks, 2017. https://scholarworks.waldenu.edu/dissertations/4529.

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Consumers are demanding that corporations become more socially responsible. Executives are challenged to maximize shareholders' returns with achieving a favorable corporate citizen status. The research problem was a gap in knowledge and understanding of the impact of corporate social responsibility on financial performance. This study used multiple linear regression to assess the relationship between key indicators of corporate social responsibility and financial performance from 372 corporations in the S&P500 in 2014. The theoretical foundation was Freeman's stakeholder theory. Environment, community, human rights, diversity, employee relations, product quality, and corporate governance were measures of social performance. Return on assets was used to measure financial performance. When corporate social responsibility was evaluated as an aggregate variable, a significant and negative relationship was found in the financial and material sectors. When corporate social responsibility variables were evaluated independently, employee relations and product quality in the healthcare sector, and community in the financial sector, were found to be positively significant. Environment, product quality, and corporate governance in the financial sector, and employee relations in the consumer and energy sectors, were found to be negatively significant. This study revealed that the relationship between some social variables and financial performance are significant, but not always in a positive direction. Practitioners, executives, and managers can use the findings to evaluate their firm's social position, develop strategies to address gaps, and undertake actions to enhance their firm's social performance, thereby creating positive social change in the community.

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Anne, Bergmann. "The Link between Corporate Environmental and Corporate Financial Performance". Saechsische Landesbibliothek- Staats- und Universitaetsbibliothek Dresden, 2017. http://nbn-resolving.de/urn:nbn:de:bsz:14-qucosa-220052.

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For more than 40 years, a tremendous number of studies have empirically explored the relationship between Corporate Environmental Performance (CEP) and Corporate Financial Performance (CFP). This study considers the relationship from a new perspective—via a qualitative research approach based on expert interviews. First, practitioners are queried for their view on the link between CEP and CFP and how to measure it. Since the vast majority see a positive relationship, this study contributes with a new form of evidence that it pays to be green. The chosen qualitative approach also allows a more detailed analysis of underlying cause-and-effect mechanisms. For instance, interviewed practitioners emphasize a direct and indirect impact from CEP on CFP. Second, the study conducts interviews with experts from research and associations (non-practitioners) and compares the viewpoints of the two interview groups. One prevalent difference refers to the fact that non-practitioners do not focus on the two impact levels. Moreover, business experts perceive the link between CEP and CFP as much less complex and reveal more pragmatically oriented considerations. The study then discusses how the interview results and identified differences can be used to direct future research and to support corporations in their move towards sustainability.

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Garcia, Editinete André da Rocha. "A influência do disclosure na relação entre corporate social performance e corporate financial performance". Universidade de Fortaleza, 2016. http://dspace.unifor.br/handle/tede/99810.

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Made available in DSpace on 2019-03-29T23:51:09Z (GMT). No. of bitstreams: 0 Previous issue date: 2016-09-09
The Disclosure of the Corporate Social Performance (D-CSP) is a mechanism that can be used to evaluate the several social aspects involved in discretionary policies, actions, and activities identified in the managing process for stakeholders. As a result of such transparency, the D-CSP is a mechanism that may impact the relationship between the Corporate Social Performance (CFP), related to primary stakeholders and the Corporate Financial Performance (CFP). This research has the general objective to investigate the moderating effect of the D-CSP in the relationship between the CSP and CFP. Based on that objective, the research has presented a model where the D-CSP acts as a moderator in relation between CSP related to primary stakeholders, employees, community and suppliers, and CFP. A sample of 1,147 companies belonging to ten different sectors and five continents in the world was used to test the model. The data were collected from 2010 to 2014, totaling 5,735 observations. The Bloomberg database was used as a source of such secondary data. The models presented by the research were tested empirically by using the multiple linear regression model through panel data with fixed effects, and resorting to the Newey-West robust standard errors correction by using the Stata® software, version 13. The three D-CSP, CSP and CFP constructs were used to perform the tests. As a CSP measure, the CSP of the employee, supplier, and community stakeholder was used, since the research was developed in view of the Stakeholder Theory. As a D-CSP measure, the disclosure scores available in the database were used, and the ROA was used as a CFP measure. The tests performed resulted in a positive moderating effect of the disclosure in relation to the CSP of the employee and supplier stakeholders, significantly different from zero. The results of the test that verified the moderating effect of the CSP disclosure in the relationship between the primary employee stakeholder revealed that, besides presenting a CSP in relation to that stakeholder, it is necessary to externalize such result, based on its CSP disclosure, in order to achieve a higher CFP. Regarding the moderating effect of the D-CSP on the CSP of the community stakeholder, the results indicated a coefficient without statistical significance. Such result may demonstrate that by benefitting the company¿s shares, the community becomes aware of those actions, and the effect can be considered as immediate, thus the disclosure as a means to achieve the desired effect on the CFP is not necessary. Keywords: Corporate financial performace. Corporate social performance. Disclosure voluntário. Legitimacy theory. Stakeholders theory.
O Disclosure do Corporate Social Performance (D-CSP) é um mecanismo que poderá ser usado para avaliar os diversos aspectos sociais envolvidos nas políticas, ações e atividades discricionárias identificados no processo de gerenciamento para stakeholder. Em decorrência dessa transparência, o D-CSP é um mecanismo que pode impactar a relação entre o Corporate Social Performanece (CSP), relacionado a stakeholders primários, e o Corporate Financial Performance (CFP). Esta pesquisa tem como objetivo geral investigar o efeito moderador do D-CSP na relação entre CSP e CFP. Com base nesse objetivo, a pesquisa apresentou um modelo onde o D-CSP atua como moderador na relação entre CSP, relacionadas aos stakeholders primários, funcionários, comunidade e fornecedores e o CFP. Para testar o modelo utilizou-se uma amostra de 1.147 empresas pertencentes a dez diferentes setores e a cinco continentes do mundo. Os dados foram colhidos dos anos de 2010 a 2014, totalizando 5.735 observações. Foi utilizada a base de dados Bloomberg como fonte desses dados secundários. Os modelos apresentados pela pesquisa foram testados empiricamente utilizando o modelo de regressão linear múltipla com dados em painel com efeitos fixos, recorrendo-se a correção de Newey-West robust standard erros, utilizando-se o software Stata®, versão 13. Para efetuar os testes se utilizou de três construtos, D-CSP, CSP e CFP. Foi utilizada como medida de CSP, o CSP dos stakeholders funcionários, fornecedores e comunidade, uma vez que a pesquisa foi desenvolvida na perspectiva da Teoria dos Stakeholders. Como medida do D-CSP foi utilizada os scores de disclosure de CSP disponíveis na base de dados e como medida do CFP foi utilizado o ROA. Os testes realizados indicaram um efeito moderador positivo do disclosure em relação ao CSP dos stakeholders funcionário e fornecedor, significativamente diferente de zero. Os resultados do teste, que verificou o efeito moderador do disclosure de CSP na relação entre stakeholder primário funcionário, revelaram que, além de apresentar um CSP em relação a esse stakeholder é necessário externalizar esse resultado, a partir da divulgação, para alcançar CFP superior. Em relação ao efeito moderador do D-CSP sobre o CSP do stakeholder comunidade, os resultados não indicaram um coeficiente com significância estatística. Esse resultado pode demonstrar que ao se beneficiar das ações da empresa, a comunidade toma conhecimento dessas ações e o efeito pode ser considerado imediato, não sendo necessário a divulgação como um meio para atingir o efeito desejado no CFP. Palavra-chave: Corporate financial performace. Corporate social performance. Disclosure voluntário. Teoria da legitimidade. Teoria dos stakeholders.

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Bolton, Brian John. "Corporate governance and firm performance". Diss., Connect to online resource, 2006. http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&res_dat=xri:pqdiss&rft_dat=xri:pqdiss:3207729.

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Van, Heerden Lodewyk. "Corporate governance - appraising board performance". Thesis, Stellenbosch : Stellenbosch University, 2005. http://hdl.handle.net/10019.1/50305.

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Thesis (MBA)--Stellenbosch University, 2005.
ENGLISH ABSTRACT: Picture the scene: It's Monday morning and the main article in Business Day is headlined ·Company X Board is under investigation for not diclosing the truth about its financial wellbeing". In recent times life has been very messy and difficult for many boards, but many of them are in a better position to direct their organisation and to add real shareholder value. A sequence of events triggered board changes in organisations. Many boards have realised over the last few years that the rules for direction-giving have changed. The need for accountability is high, the status quo needs to be challenged and sound strategic thinking is critical in their decision-making. Boards need to establish a performance culture with the correct people, equipped with the necessary competencies and capabilities. Leading shareholders demanded board appraisals to evaluate the continuous underperformance of board structures and processes. Some of the questions asked are, if the board is effective as a group to meet the organisation's purpose and if they can monitor the external and internal environment effectively. It is also asked whether the skills and competencies of individual members are sufficient to enable them to fulfill their risk assessment and decision-making director roles sufficiently. Board members must understand their roles to evaluate their personal development and board needs. Boards must ensure a process for appropriate development plans for their individual directorial duties. They need to define which essential strategic decisions are made during the various administrative and information sharing meetings. The annual cycles of boards are important, as is the need to check that all accountabilities are on track. This feedback does not merely concern financial matters. It is important to evaluate strategic decisions to ensure that they are carefully measured against the targets set at the beginning of the year. Many boards have adopted a triple bottom line approach, measuring their financial performance, physical environment and social responsibility reports against agreed targets. These targets need to be incorporated in a board scorecard which will graphically depict the board's value-adding activities. These scorecards will give any board an indication of its effectiveness. Boards have accepted evaluation processes and have gone through a steep learning curve in developing and implementing them. There are numerous approaches to evaluate board performance. Each board must decide whether it is better to do a peer level evaluation, outside evaluation or follow the bottom-up approach. Formal board evaluations have given boards more credibility and have helped to identify gaps in the development of board members. Boards must be developed to become more competent at direction-giving, ultimately in order to contribute to the effectiveness of the organisation. Boards must continue to drive the organisation ahead, while keeping it under control. Board members must realise that their ultimate tests are business effectiveness, in that they must add shareholder value to the balance sheet, and business efficiency, referring to the improvement realised on the profit and loss accounts.
AFRIKAANSE OPSOMMING: Stel jouself voor : Dit is Maandagoggend en die hoofartikel in Business Day is as volg: "Daar is 'n ondersoek gelas na Maatskappy X se kredietwaardigheid rakende hulle finansiele welstand." Direksies oor die laaste paar jare was in 'n warboel. Ons vind tans dat organisasies beter gelei word en dat welvaart geskep word vir alle aandeelhouers. Heelwat faktore het aanleiding gegee dat direksies verander het. Die reels om leiding te gee het verander: direksies moet meer aanspreeklikheid neem, die status quo word meer bevraagteken en goeddeurdagte strategiese denke is almal bydraende faktore. Direksies moet streef om 'n prestasie-kuItuur te vestig met lede wat oor die nodige vaardighede en vermoens beskik. Aandeelhouers dring aan dat direksies se prestasie beoordeel moet word. Tipiese vrae wat gevra word is: is die direksie effektief as 'n groep om die organisasie se primere doel na te streef en kan hulle die interne en eksterne faktore effektief monitor? Individuele direksielede moet oor die nodige bevoegdhede beskik om voldoende risk-analise en direksie-besluitnemings uit te voer. Direksielede moet hulle onderskeie ontwikkelingsrolle verstaan. Dit moet duidelik gedefinieer word watter kritiese strategiese besluite word by watter vergaderings geneem. Jaarlikse siklusse vir direksies is belangrik, dit stel hulle in staat om te evalueer of al die strategiese besluite wat geneem is, uitgevoer is teenoor die ooreengekome doelwitte. Direksies evalueer meestal hulle finansiele prestasie, fisiese omgewing en sosiale verantwoordelikheid teenoor ooreengekome doelwitte. Hierdie doelwitte word meestal ingesluit in die organisasie se telkaart. Die doel van die telkaart is om vir direksies 'n aanduiding te gee of hulle effektief is of nie. Baie direksies het een of ander vorm van evaluasie geimplimenteer. Daar is verskeie benaderings om direksie-prestasie te evalueer. Elke direksie moet self besluit watter benadering is die mees geskikte - eksterne evaluering of "peer to peer" evaluering. Formele evaluering gee meer kredietwaardigheid aan die proses en help ook met die identifisering van ontwikkelingsmoontlikhede. Direksies moet fokus op ontwikkeling sodat hulle meer bevoeg kan raak om beter leiding te gee in die organisasie. Direksies moet onthou dat die bepalende toets is besigheideffektiwiteit, waar aandeelhouer-waardetoevoeging gemeet word en of daar verbeterde besigheidsdoeltreffendheid op die wins en verliesrekening is.

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Kirchmaier, Thomas. "Mergers, demergers and corporate performance". Thesis, London School of Economics and Political Science (University of London), 2001. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.395938.

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Miller, Douglas J. "Corporate diversification, relatedness, and performance". Connect to resource, 2000. http://rave.ohiolink.edu/etdc/view.cgi?acc%5Fnum=osu1261069783.

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Anders, Erik. "Classiﬁcation of Corporate Social Performance". Thesis, Linköpings universitet, Statistik och maskininlärning, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-176685.

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Over the past few years there has been an exponentially increasing attention in financetowards socially responsible investments which creates a need to determine whether acompany is socially responsible or not. The ESG ratings often used to do this are based onEnvironmental, Social and Governance related data about the companies and have manyflaws. This thesis proposes to instead model them by their controversies discussed in themedia. It tries to answer the question if it is possible to predict future controversies of acompany by its controversies and ESG indicators in the past and to isolate predictors whichinfluence these. This has not been done before and offers a new way of rating companieswithout falling for the biases of conventional ESG ratings. The chosen method to approachthis issue is the Zero Inflated Poisson Regression with Random Intercepts. A selectionof variables was determined by Lasso and projection predictive variable selection. Thismethod discovered new connections in the data between ESG indicators and the numberof controversies but also made it apparent that it is difficult to make predictions for futureyears. Nether the less the coefficients of the selected indicators can give a valuable insightinto the potential risk of an investment.

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16

Prondetchi, Emilia. "Corporate governance and financial performance". Master's thesis, Instituto Superior de Economia e Gestão, 2020. http://hdl.handle.net/10400.5/20861.

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Mestrado em Finanças
Este estudo tem como objetivo medir o impacto da Governança Corporativa no Desempenho Financeiro das Empresas em França, Alemanha e Reino Unido. A amostra do estudo é composta por 214 empresas no período de 2010-2019. As variáveis explicativas do estudo são representadas por algumas medidas de governança corporativa: tamanho do conselho, dualidade CEO / presidente, independência do conselho, percentagem de ações do conselho e os cinco maiores acionistas. As variáveis dependentes são: LogROE, LogROIC e LogTobin's Q, que representam o desempenho da empresa. O estudo também considerou duas variáveis de controlo, rendimentos e alavancagem, com o objetivo de ajudar a medir a relação entre governança corporativa e desempenho da empresa. A teoria da agência sugere que as empresas que cumprem todas as medidas de governança corporativa têm um desempenho melhor. Concluímos que as medidas de governança corporativa têm um resultado positivo e significante relacionadas ao desempenho do mercado.
This study aimed to measure the impact of Corporate Governance on Firm Financial Performance of listed companies in France, Germany and UK. The study sample is composed of 214 listed companies between 2010 to 2019. The explanatory variables of the study are represented by some measures of corporate governance: board size, CEO/Chairman duality, board independence, board ownership and the largest five shareholders. The dependent variables are: LogROE, LogROIC and LogTobin´s Q, which represent Firm Performance. The study also considered two control variables, revenue and leverage, in order to help measuring the relationship between corporate governance and firm performance. Agency theory suggests that companies that comply with all measures of corporate governance perform better. We find that our measures of corporate governance are positively and significantly related with market performance.
info:eu-repo/semantics/publishedVersion

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17

Yeh, Hsin-Yi. "Public relations, corporate social performance, and corporate financial performance triangular relationship in a global view". [Gainesville, Fla.] : University of Florida, 2009. http://purl.fcla.edu/fcla/etd/UFE0024829.

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18

Patrisia, Dina. "The relationship between corporate diversification, corporate governance and corporate social performance in Indonesian companies". Thesis, University of Huddersfield, 2016. http://eprints.hud.ac.uk/id/eprint/32622/.

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The effect of corporate diversification on behaviour of business towards stakeholder demands and social concerns has been overlook, especially in product diversification both related and unrelated diversification. This study investigates the relationship between corporate diversification (CD) (i.e. related, unrelated and international diversification) and Corporate Social Performance (CSP) in Indonesian listed companies. It explores the moderating effect of corporate governance (CG) (e.g. independent commissioner and ownership concentration) on the correlation between corporate diversification and CSP. This study takes 203 listed companies from the Indonesian Stock Exchange as the sample. It applied company annual report, Indonesian Capital Market Directory and Osiris database as sourced of data. Moreover, content analysis based on 80 indicators of Global Report Initiative is used to measure CSP, while multiple regression with one-year lag dependent variables is used as the primary data analysis. The result of multi regression analysis shows that related and unrelated diversification produced different outcomes whereby related diversification is negatively correlated with CSP. Unrelated diversification, conversely, reveals a positive relationship with CSP. Moreover, unrelated diversification is more positively correlated to CSP than the related CD, while international diversification also has a positive relationship with CSP. Furthermore, an independent commissioner could strengthen the CD-CSP relationship with regards to unrelated and international diversification. Conversely, ownership concentration could weaken the CD and CSP relationship for related diversification. In conclusion, this study contributes to theoretical development (i.e. it explains the link between product diversification, international diversification and CSP in emerging economies setting. It extends previous studies by considering the role of CG as a moderator, and uses content analysis based on GRI indicators in measuring CSP). Additionally, it has managerial implications, including a manager needs to consider CD and carefully manage the demands of an extensive range of stakeholders to increase CSP. Second, in order to maximise the impact of corporate diversification strategy on CSP, a manager has to think sensibly, based on the CG dimensions in the company, such as the number of independent commissioners and ownership concentration. Third, this study provides input to managers who run their businesses in emerging economies that have some differences with developed economies, for instance local rules, regulations and governmental control. Fourth, it also has an impact on the economy of Indonesia. For example, the government should establish regulations suitable for several types of industry and encourage the listed companies to implement good CG. Finally, limitations and further research directions are discussed.

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19

Zavosh, Ghahhar. "Trois essais sur l’influence des stratégies d’entreprises sur la performance des filiales". Thesis, Université Côte d'Azur (ComUE), 2019. http://www.theses.fr/2019AZUR0002/document.

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Cette thèse examine la façon dont les choix stratégique des firmes multi-établissements affectent la performance de leurs filiales et contribuent aux débats récurrents liés à la pertinence et l’importance de la stratégie d’entreprise. Dans le premier chapitre, nous nous intéressons à savoir le poids relatif des décisions stratégiques des sièges sociaux sur la performance de leurs établissements. Nous montrons l’incapacité des méthodes traditionnelles à rendre compte efficacement des effets entreprises. Nous soutenons en effet que les études précédentes sous-estiment systématiquement les effets entreprises car elles ne tiennent pas compte de l’hétérogénéité de l’impact des décisions des sièges sociaux sur leurs filiales. Une filiale peut recevoir une part très différente des ressources de l’entreprise. Par conséquent, le fait d’étudier toutes les filiales comme s’il s’agissait d’un seul groupe sous-estime systématiquement les effets entrepris. Nous soutenons plutôt qu’il est important de tenir compte de la variance induite par l’entreprise sur la performance des filiales. Nous appelons cette variance induite « effet entreprise variant », et montrons qu’elle est tout aussi importante que la valeur des effets entreprise standards, à savoir « les effets entreprise invariants ». Dans le deuxième chapitre nous nous sommes intéressés au débat relatif à l’efficacité des marchés de capitaux internes, comme une des sources essentielles d’hétérogénéité de la performance des filiales. La question centrale du débat consiste à discuter les modalités d’allocation optimale du capital. Les études empiriques mettent en évidence des montants d’allocation très au-dessus des niveaux optimaux dans des filiales qui ont des niveaux de croissance apparemment relativement faibles. Tenant compte à la fois du degré d’incertitude auquel une firme est confrontée lorsqu’elle décide d’allouer son capital et du niveau d’interdépendance de ses filiales, nous distinguons « les déviations inefficaces » des « déviations non nécessairement inefficaces ». Nous expliquons que les déviations par rapport à la logique de sélection des gagnants dans les décisions d’allocation de capital peuvent simplement refléter des intentions stratégiques différentes plutôt que des inefficacités d’allocation. De plus, nous soulignons le rôle de l’ampleur de l’expérience antérieure des dirigeants dans le domaine des filiales, en tant que source de compétences en allocation de capital des firmes, dans l’atténuation des déviations inefficaces et l’augmentation de la valeur de la corporation grâce à de meilleures pratiques d’allocation du capital. Le troisième chapitre incorpore les ressources financières à la théorie de redéploiement des ressources. La théorie standard a exclu les ressources financières qui, par définition, peut être allouée et ré-allouées à tout type d’investissement sans contrainte. Nous soutenons toutefois que, lors de l’affectation vers l’une de ses filiales de ressources financières à des investissements imparfaitement fongibles ou divisibles, telles que le capital physique, tel que des usines ou des technologies, le siège social achète également l’option de redéploiement de ces mêmes ressources dans le futur. En effet, le choix d’investissement présent doit être réalisé en tenant compte des coûts de redéploiement éventuels dans le futur. Par conséquent, la direction des flux de capitaux actuels entre les filiales ne sera pas simplement réalisée en fonction des opportunités actuelles de croissance relative du marché, mais aussi en fonction des coûts d’ajustement due aux redéploiements éventuels entre les filiales dans les périodes ultérieures. Cette extension permet d’étendre le champ d’études empiriques de la théorie du redéploiement de ressources non-financier. En effet, les études empiriques dans ce domaine ont été rares jusqu'à présent en raison du défi que représentent l'observation et la mesure du redéploiement des ressources non financières
This dissertation deals with how multi-business firms’ strategies affect the performance of subsidiary businesses and contributes to long standing debates in corporate strategy. Overall, each of my 3 dissertation essays are designed to, correspondingly, analyze the debated magnitude, efficiency, and mechanism of the effect of a multi-business firms’ strategies on the performance of its subsidiaries. In the first chapter, I address a root question in corporate level strategy; I question traditional methods to estimate corporate effects (the effect of corporate headquarters on subsidiary businesses’ performance). I argue that previous corporate effect studies fail to account for the uneven impact of corporate decisions on subsidiaries. A headquarters makes conscious and deliberate decisions that might induce performance heterogeneity among its subsidiaries. Consequently, considering all subsidiaries as a bundle will systematically underestimate the corporate effects. Rather, I argue that it is important to account for the firm’s induced variance on the subsidiaries’ performance. We connote this induced variance as “business-variant corporate effects”, and show that they are just as important in magnitude as the value of the standard corporate effects, namely “business-invariant corporate effects”, found in previous studies. In the second essay, I focus on corporate capital allocation as a critical dimension of corporate strategies that might contribute to, within-firm, subsidiaries’ performance heterogeneity. We particularly delve deeper into the internal capital market efficiency debate by extending current theories that aim to justify why headquarters provide more resources to subsidiaries with seemingly lower growth opportunities. Considering both the level of uncertainty a firm faces when making capital allocation decisions, and the level of interdependence among its subsidiaries, we disentangle between inefficient and not-necessarily-inefficient deviations from standard models’ prescription. We explain that higher investments in subsidiaries with seemingly lower growth opportunities may simply reflect different strategic intents rather than allocation inefficiencies. Furthermore, we highlight the role of the breadth of CEOs’ prior experience in subsidiaries’ domain, as a source of firms’ capital allocation competency, in attenuating inefficient deviations and enhancing corporate value through better capital allocation practices. In the third essay, I incorporate financial resources, as a perfectly fungible and divisible resource, within the scope of the resource redeployment theory. Indivisibility and imperfect fungibility of resources play a critical role in the theory and this is why the standard theory has excluded the financial resources from its boundaries. I, however, argue that when allocating financial resources, such as capital, to one of its subsidiaries to acquire non-financial assets such as plants or technology, a corporate headquarters also purchases the option to redeploy those same resources in subsequent periods. Therefore, the direction of current capital flow among subsidiary businesses will not merely be a function of their current relative market growth opportunities. Rather, it is a function of the adjustment costs of potential resource redeployments among the subsidiaries in subsequent periods. My extension of the resource redeployment theory to include intrafirm capital allocations paves the way for further empirical investigations of the theory; that have been scarce so far, due to the challenge of observing and measuring the redeployment of non-financial resources. In turn, studying intrafirm capital allocations through the lens of RR theory helps us further develop and offer novel predictions for the theory

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20

Qu, Yiping. "Corporate governance and performance : theoretical review and empirical performance". Nice, 2010. http://www.theses.fr/2010NICE0019.

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Au cours de ces dernières années, la gouvernance d’entreprise est apparue comme un thème central de la théorie de la firme, avec des répercussions importantes dans le monde de l’entreprise. Depuis les années 1970, la théorie de l’agence en a fait un de ses domaines de spécialité et, dans la dernière décennie, de nouveaux cadres d’analyse de la question se sont développés, en complément ou en opposition aux analyses d’agence. A un niveau pratique, c’est à la suite des crises en Asie et en Amérique du Sud, et de la série de scandales tels que l’effondrement d’Enron et de WorldCom dans les pays développés, que la gouvernance d’entreprise a reçu une attention croissante, la maximisation de la valeur actionnariale inspirée de la théorie de l’agence devenant le modèle dominant. Cette thèse est une contribution au volume croissant des recherches qui s’intéressent à la relation entre la gouvernance et la performance de l’entreprise. La littérature ne mettant pas en évidence de relation claire et durable entre gouvernance et performance, le travail de recherche proposé dans cette thèse est de comprendre ce lien dynamique et complexe. Plus particulièrement, la thèse s’intéresse à l’influence de la gouvernance d’entreprise sur deux éléments : la valeur de l’entreprise et sa rentabilité. L’étude empirique s’étend sur six ans (2003-2008) et se fonde sur un échantillon d’entreprises de vingt-cinq industries et vingt-quatre pays. Cette étude se distingue de la plupart des études antérieures, et offre un apport par rapport à celles-ci, en ce qu'elle s’appuie sur un ensemble d’attributs de la gouvernance d'entreprise. En effet, est explicitement considérée la conformité des firmes internationales avec les bonnes pratiques de gouvernance d’entreprise en fonction des huit dimensions suivantes : le conseil d'administration ; l’audit ; Charte/Statuts; les dispositions anti-OPA; la rémunération du PDG et des directeurs ; les pratiques progressistes ; la structure de l’actionnariat ; et la formation des directeurs. L’analyse utilise le quotient de gouvernance d’entreprise (CGQ) comme mesure de la gouvernance d’entreprise, ainsi que d’autres données de firme. Les résultats de l’étude suggèrent que la gouvernance de l’entreprise est positivement corrélée avec sa performance financière et impliquent qu’une amélioration de sa gouvernance fait progresser sa valeur et sa rentabilité
Corporate governance has been the evolving issue in the corporate world. It has received much attention two decades ago, following the financial crises in East Asia and South America and a series of corporate scandals in developed economies, such as the collapse of Enron and WorldCom. This thesis is a contribution to the growing volume of research that examines the relationship between corporate governance and corporate performance. The absence of clear and lasting relationships suggest that the link between governance and performance is dynamic and complex. The study investigates the influence of corporate governance quality on two issues: a firm’s valuation and its profitability. It spans over six years (2003-2008), and the sample covers firms from twenty-five industries and twenty-four countries. Further, this study differs from most of the past studies in that it draws broadly and collectively on the attributes of corporate governance. It measures international companies’ conformance to good corporate governance practices across eight dimensions. They are: board of directors; audit; charter and bylaw provisions; anti-takeover provisions; executive and director compensation; progressive practices; ownership; and director education. The regression analysis uses corporate governance quotient (CGQ) as governance measure and other firm level data. The study results suggest that better corporate governance quality is positively associated with financial performance. The evidence implies that better firm-level corporate governance improves its valuation and profitability

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21

Miller, Dawn P. "The Relationship between Corporate Social Performance and Financial Performance". ScholarWorks, 2016. https://scholarworks.waldenu.edu/dissertations/2563.

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Business leaders lack consistent information to make and support strategic budgetary decisions while supporting corporate social responsibility initiatives. Grounded in stakeholder and contract theory, this correlation study examined the relationship between Fortune reputation scores and return on asset, return on equity, and earnings per share, while controlling for total assets. Archival data were collected from 25 corporate websites of U.S. banks included in Fortune Most Admired Companies listing from 2011 to 2013. For 2011 there was a moderate positive partial correlation between Fortune reputation index (FRI) and return on equity (ROE) while controlling for total assets, r = .47, p < .05, with higher levels of FRI associated with higher levels of ROE. For 2012 there was a moderate positive partial correlation between FRI and ROE while controlling for total assets, r = .48, p < .05, with higher levels of FRI associated with higher levels of ROE. Correspondingly, there was a moderate positive partial correlation between FRI and EPS, r = .56, p < 0.5 with higher levels of FRI associated with higher levels of ROE in 2012. For 2013, there was also a moderate positive, but not statistically significant, partial correlation between FRI and EPS, r = .41, p > .05, with higher levels of FRI associated with higher levels of EPS. The implications for positive social change include greater support for socially responsible business strategies to promote sustainability and more business leaders promoting the provision of social benefits for stakeholders.

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22

Bergquist, Gustav, e Pelle Sandström. "Är det lönsamt att investera i CSR? : Förhållandet mellan Corporate Social Performance och Corporate Financial Performance". Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-355085.

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Denna studie undersöker det finansiella värdeskapandet av CSR-aktiviteter genom att studera förhållandet mellan Corporate Social Performance (CSP) och Corporate Financial Performance (CFP). I enlighet med The CSP-CFP multilevel framework studeras ett avgränsat CSP-CFP samband med utgångspunkt i svenska konsumenter. Vidare undersöker studien den modererande effekten av företagsstorlek på det undersökta CSP-CFP sambandet. Av resultatet framkommer ett signifikant positivt CSP-CFP förhållande för CSR-aktiviteter riktade mot svenska konsumenter. Av resultatet framkommer även ett signifikant starkare positivt CSP-CFP samband för små svenska företag jämfört med för stora svenska företag. Resultatet bidrar till en ökad förståelse av CSP-CFP förhållandet på den svenska marknaden avgränsat för intressentgruppen konsumenter. Framtida forskning kan med fördel, genom kvalitativa metoder, undersöka de underliggande faktorerna som påverkar det finansiella värdeskapandet av CSR-aktiviteter riktade mot konsumenter.

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Cheng, Hsiao Fan, e 鄭筱凡. "Corporate Ownership and Corporate Performance". Thesis, 2001. http://ndltd.ncl.edu.tw/handle/61597359594280097574.

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Chang, Yung-Ning, e 張詠寧. "The relationship between corporate social performance and corporate financial performanceThe relationship between corporate social performance and corporate financial performance". Thesis, 2009. http://ndltd.ncl.edu.tw/handle/12646844799759581485.

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碩士
中國文化大學
國際企業管理研究所
97
The concept of CSR (Corporate Social Responsibility) about to rise in the ear-ly 20th century in United States. Though the specific connotation of CSR has not unified, but the norms and standards related to CSR is developing now. There are more and more Taiwan enterprises participate in the lists of concering community, and contribute to the community with specific actions to expose their CSR related activities. Empirical Studies have indicated that the relationship between CSR and finan-cial performance is not clear. And the literature has also pointed out that innovation has a great impact between CSP and CFP. Therefore, this study in addition to adapt the scale and innovation as a control variable, but also the CSR and CFP of the elec-tronics and the financial industries. In this study, the Taiwan 50 Index and Taiwan medium-100 index included the listed companies as samples, to analysis its linkage of the relationship between CSP and CFP. This study use regression analysis as the main statistical examination. The results of this study pointed out that of the earlier stage pre-CSP has posi-tive impacts of the late return on assets, but the pre-CFP has nothing to do with the latter CSP. In considering the innovation and scale, the pre-CSP has a positive corre-lation of the late return of corporate assets. Besides, the CSP has a negative correla-tion of ROE(return on equity)in the finance industry. And CSP has nothing to do with CFP in the electronic industry.

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Chen, Yuan-Yi, e 陳原毅. "Corporate governance factors and corporate performance". Thesis, 2009. http://ndltd.ncl.edu.tw/handle/17802103311159986366.

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碩士
中國文化大學
會計研究所
97
This study empirically examines the relationship between corporate governance factors and corporate performance. Prior research of corporate governance and corpo-rate performance usually use single indicator or single dimension as the measurement of corporate governance. Using a limit indicators or dimensions of corporate governance will create correlated omitted variable problem. According to the OECD principles of corporate governance, we use the OECD’s principle as the standard to classify the corporate governance into four dimensions. Ex-tract 8 corporate governance factors by exploratory factor analysis from 17 corporate governance indicators. Use 8 corporate governance factors into research to examine the relationship between corporate governance and corporate performance. Finally, the re-search will expect that adjusted R-square will be effectively promoted. The results indicate that director size factor, institutional shareholding factor and director payoff factor have significantly positive with corporate performance. Related transaction factor and employees’ work experience and qualifications factor have significantly reverse with corporate performance. Finally, the result show that adjusted R-square have effectively promoted than before.

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Tsui, Chen-Shiuan, e 崔震萱. "Corporate Information Disclosure and Corporate Performance". Thesis, 2007. http://ndltd.ncl.edu.tw/handle/56989011682108030423.

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碩士
國立交通大學
管理學院碩士在職專班管理科學組
95
In this thesis, we undertake a study on the relationship between corporation’s disclosure quality and their financial performance. Main sources of data include the public disclosure evaluation conducted by the Securities and Futures Institute during 2003~2005, as well as annual reports published by publicly listed Taiwanese companies. The quantitative methods, OLS (Ordinary Least Square Approach) and 2SLS (Two Stage Least Square Approach), were adopted to uncover the correlations and to reduce Homoskedasticity problems. The empirical results show that there is a consequential positive correlation between credit risk and disclosure quality. The quality of disclosure is also positively correlated with size of foreign institutional shareholding, and negatively correlated with the presence of large domestic shareholders. Further, there is indeed a positive correlation between disclosure quality and financial performance, inline with our research hypothesis. Other ancillary findings show that R&D expenditure is positively correlated with financial performance, whilst sizable government holding is a negative factor for performance. Size of holding by the senior management team also turns out to be a negative performance factor, we believe, due to the Mutual Back Scratching Effect that impairs management effectiveness. Board of Directors compensation showed a positive factor for performance. This indicates that higher compensation has encouraged board members to get more involved in monitoring and guiding the company’s developments. The presence of Independent Directors proved a further positive factor for performance. This result also shows that the Cronyism Effect commonly witnessed in the U.S. capital markets is not currently demonstrated in Taiwan.

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Sung, Kuo-Chuan, e 宋國娟. "The Relationships of Corporate Governance, Environmental Performance and Corporate Performance". Thesis, 2005. http://ndltd.ncl.edu.tw/handle/04285065713561355762.

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碩士
國立中正大學
會計所
93
In the past, jobs of environmental protection were considered the burdens of enterprises. However, at present, environmental performance has already been a part of enterprises’ competitive advantages. Consequently, today’s enterprises can not overlook the problems of environmental protection. Only when enterprises keep their balances on both environmental protection and economy do they can survive. The purpose of this paper is to investigate whether effective corporate governance mechanisms can improve corporate environmental performance, and then further enhance corporate performance. Regression analysis and LISREL model are applied to test the relationships between corporate governance, environmental performance and corporate performance. The evidence of this study shows that: (1) corporate governance has significant negative relation with environmental performance, primarily from the effect of ownerships of institutional investors; (2) the environmental performance of firms in low pollutant industries is significantly positive related with corporate performance; (3) corporate governance has a significant positive effect on corporate performance, and this effect mainly comes from the governance effects of insiders’ ownership; (4) the positive impacts of firms’ corporate governance on corporate performance is not mediated by firms’ environmental performance.

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Sun, Wei-Ting, e 孫薇婷. "A CORPORATE SOCIAL PERFORMANCE— CORPORATE FINANCIAL PERFORMANCE BEHAVIORAL ANALYSIS FOR STAKEHOLDER’S". Thesis, 2015. http://ndltd.ncl.edu.tw/handle/88364744437960295501.

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碩士
國立東華大學
財務金融學系
103
The sample of this study are derived from the companies which are selected of Dow Jones Sustainability World Index (DJSI world index) and the matched sample during the period from 2003 to 2006. By analyzing whether the main stakeholders’ (consumers, employees, and shareholders) willingness and behaviors are consistent to investigate how CSP influences CFP. Our findings are summarized as follow. First, we find that the behaviors of consumers and employees are according with their willingness. In other words, their willingness about encouraging companies with CSR or punishing companies without CSR really reflects on their actions. However, shareholders' behaviors are not consistent with their willingness. Second, stakeholders' willingness are influenced by the moral value and the cultural dimensions. We find that stakeholders have greater willingness to engage in either supportive or deleterious behavior when they embrace the moral value of self-transcendence.

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Jhang, Jhe Jhen, e 張哲禎. "Globalization, Competition, Corporate Governance and Corporate Performance". Thesis, 2012. http://ndltd.ncl.edu.tw/handle/16930549184444409804.

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碩士
國立臺北大學
企業管理學系
100
In this study, we examine how globalization, competition, corporate governance affects company’s performance. We employ eleven empirical proxies to measure corporate governance, HHI index to measure the degree of competition, and a globalization proxy to measure the degree of globalization. All the proxies we used are widely used in Taiwan. Following Xavier & Holger (2011) research’s framework, we decompose corporate governance into three aspects: stock returns, company value, and operating performance. According to the empirical evidence in this study, we find that improving corporate governance will significantly enhance company’s performance no matter under which kinds of competition degree in the industry. However, the scope of performance increment is significantly greater in the high level of competition than in the low level of competition. We infer that there exist the complementary effect between the degree of competition and corporate governance. On the other hand, for the aspect of globalization, we also find that if the company is under the high level of competition within the industry, then the higher degree in globalization will lead to the greater scope of performance increment when improving corporate governance.

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ErnestoEscobar, Jose, e 何義華. "Corporate Social Responsibility and Corporate Financial Performance". Thesis, 2013. http://ndltd.ncl.edu.tw/handle/23785108680142769128.

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碩士
國立成功大學
國際經營管理研究所碩士班
101
This thesis investigates the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP). CSR is measured by an aggregated KLD score from 1998 to 2008. This thesis uses the market based assets and shareholder value framework to build a case for CSR. CFP is measured with both accounting based and market based financial measurements. The Fama-French three factor model is used to derive the numbers for abnormal return, idiosyncratic risk and systematic risk. In order to assess the relationship between CSR and CFP, a hierarchical multiple regression with a one year lag on the independent variable is used. The results show a U-shaped relationship between CSR and the accounting based financial measurements. Only Tobin’s Q shows an inverse U-shaped relationship. However, both results indicate that there is a threshold. The presence of CSR concurs with previous studies that it lowers idiosyncratic risk. However, it has no effect on systematic risk. In addition, higher association with CSR also yields lower abnormal return. The relationship between abnormal return and CSR may help explain the inverse U-shaped relationship between CSR and Tobin’s Q. At the peak of the inverse U, firms still enjoy many benefits from CSR and are less affected by lower return.

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31

Wang, Jhih-Yong, e 王智勇. "Corporate Social Responsibility and Corporate Performance Correlation". Thesis, 2014. http://ndltd.ncl.edu.tw/handle/92343575252652391088.

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Abstract (sommario):

碩士
大葉大學
會計資訊學系碩士班
102
Due to the financial tsunami in 2008, began to develop Corporate governance. In recent years, all sorts of bad behavior was revealed about the business, and environmental awareness is gradually being taken seriously, companies began to realize that in the pursuit of profits, must take responsibility for society and the environment, best corporate citizen role, in order to create sustainable competitive advantage. So, this study examines the relationship between corporate social responsibility and firm performance. Original sample is selected from the award-winning companies of Excellence in Corporate Social Responsibility over the period from 2009 to 2012. The empirical finding shows that: (1) Corporate Social Responsibility winning business, its corporate social responsibility into its financial performance has a significant positive impact on the; (2) Corporate social responsibility into non-financial performance can bring good results for the hypothesis was not supported.

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32

WU, CHIEH-LUN, e 吳杰倫. "Corporate Governance Evaluation and Corporate Stock Performance". Thesis, 2019. http://ndltd.ncl.edu.tw/handle/mjwbsq.

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Abstract (sommario):

碩士
逢甲大學
金融碩士在職學位學程
107
This thesis studies how corporate governance affects corporate stock performance by evaluating the performance of newly added and deleted component stocks of Corporate Governance Index (CGI) in Taiwan stock Exchange (TSE). To be the component stocks in CGI, the most important criterion is that the corporation must be in the top 20% rankings of corporate governance evaluation of TSE. The performance is evaluated in April 30 when TSE publishes the rankings information, and in the middle of July when the CGI component changes. Using the return data of 2017 and 2018 from Taiwan Economic Journal, the results show that, in the year of 2017, the portfolio of newly added component stocks significantly outperforms the benchmark, TSE index, in one week and one year returns, and the portfolio of newly deleted component stocks is significantly outperformed by the benchmark. However, for the 2018 year, all the portfolios have similar performance. This does not mean that corporate governance is not important. It may be due to that the corporate governance information has been quickly and fully reflected in the stock prices. Thus, there is no abnormal performers based on the public information.

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33

Hsu, Lien-Cheng, e 許聯誠. "CORPORATE GOVERNANCE, INFORMATION TRANSPARENCY, AND CORPORATE PERFORMANCE". Thesis, 2019. http://ndltd.ncl.edu.tw/handle/79ab6b.

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Abstract (sommario):

碩士
大同大學
事業經營學系(所)
107
Corporate governance is a mechanism for guiding and managing enterprises, which enables the board of directors and management to achieve operational goals in a way that is in the best interests of the company and all shareholders, to fulfill the responsibilities of business operators, and to protect the legitimate rights and interests of shareholders and to take into account other stakeholders interests. Information asymmetry is one of the biggest reasons for investment risk, and the lack of information transparency and the lack of instant disclosure are the main reasons for the asymmetry of information. Therefore, corporate governance ratings and information transparency have gradually received the attention of international investors, investment companies and regulatory authorities. This study explores the impact of corporate governance indicators and information transparency assessments on the performance of companies listed in Taiwan. The operating performance data ROE, ROA and TOBIN are used as dependent variables, and the explanatory variables and their correlations are observed. During the period, the data of all companies' quarterly data and annual data showed that the ROE performance of most companies was better than the average. The difference between the maximum value and the minimum value of the performance was more than ten times. The quarterly data on corporate governance and business performance during the sample period is added to the information transparency variable. The empirical result data shows that after adding the information transparency (TRUST) variable, the empirical result data shows that the relevant corporate governance mechanism has a negative impact on the ROA and ROE of business performance. The number of variables decreases, and the number of positive impact variables increases and has a significant impact. The results of this study empirically show that corporate governance mechanisms do affect the performance of business performance. Enterprises with larger board sizes and more independent board seats will have a significant and significant impact on the company's operational performance under a sound corporate governance mechanism. The empirical results support the arguments of this study.

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34

Hung, Yu-Chiao, e 洪煜喬. "Financial Tsunami, Corporate Governance, and Corporate Performance". Thesis, 2011. http://ndltd.ncl.edu.tw/handle/17640333925259959372.

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Abstract (sommario):

碩士
國立中興大學
財務金融系所
99
This study uses the financial tsunami as the background to explore the performances of the companies which are going on the market, cabinet in Taiwan , and what effects do the corporate governance of their own have on the value of the firm during this period. And we then extend the time period into one year later after the financial tsunami to do research on the relationship between corporate governance and firm value. Finally, we compare values and performances of the firms to see if the factor of corporate governance affects them more in the period of financial tsunami than in the period of non-financial tsunami .This question is what we want to ask. Empirical results: (i) As for the stock return, the ratio of insider ownership, board size and institutional investors holding shares have significant impacts on the stock return during financial tsunami; however, one year after the financial tsunami, it doesn’t have significant relationship for stock return. If we compare the two periods, financial tsunami and non-crisis, the factor of corporate governance during financial tsunami shows a more significant impact on the company''s stock return than in non-crisis period. (ii)how about the Tobin''s Q? The ratio of insider ownership, board size and institutional investors holding shares also have significant impacts on the company’s Tobin''s Q during financial tsunami. However, one year after the financial tsunami, it doesn’t have particularly significant relationship for Tobin''s Q either. If we compare impacts of the factor of corporate governance on Tobin''s Q in financial tsunami times with non-crisis period, the variables of corporate governance do not show more significant relationship for Tobin''s Q during financial tsunami than during non-crisis times.

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35

Tsai, Chia-chin, e 蔡佳錦. "CORPORATE GOVERNANCE, EARNINGS MANAGEMENT, AND CORPORATE PERFORMANCE". Thesis, 2008. http://ndltd.ncl.edu.tw/handle/54044990194653178078.

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Abstract (sommario):

碩士
大同大學
事業經營學系(所)
96
Recent accounting scandals at prominent companies such as Enron, Healthsouth, Tyco, and Worldcom abroad and Procomp technological, Rebar Group, PEWC in our country make the honest of firm’s principle doubt by investors. Information asymmetry between investors and management is becoming increasingly serious. The purpose of this study was to explore the difference between accounting-based economic added value and equity market-value-based created of shareholder value. As the same time we also explore the impact of corporate governance mechanisms on earnings management.

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36

Hsu, Hsin-Yu, e 許芯瑜. "Exploring causality between Corporate Social Performance and Corporate Financial Performance by clustering". Thesis, 2019. http://ndltd.ncl.edu.tw/handle/j7d9c4.

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Abstract (sommario):

碩士
國立臺北大學
企業管理學系
107
Human not only brings goods but also brings many harms to society while developing. Since more and more people value sustainable development, many companies have begun to focus on how to make their business sustainable and value their investment in Environment, Social, and Corporate Governance (ESG). Taking corporate social responsibility as a measure to be sustainable is a challenge for managers to balance their financial situation with the investment of social responsibility. This study is a two-stage study. First, we analyzed the characteristics of Corporate Social Responsibility (CSR) indicators and corporate financial performance (CFP) by EM clustering. Afterward, we find out the difference in diverse industry and scale. According to the results, the cluster-based on mining and transportation & public utilities industry put more effort in CSR projects such as the Environment, Community, Employee Relations and so on, to neutralize damage of its business. On the other hand, instead of investing in CSR, some companies regard financial performance as a priority. Through causality analysis, we found that good management theory, stakeholder contract costs theory, trade-off hypothesis, and affordability theory can well explain the relationship between CSR and CFP in a specific cluster. At the same time, the results also demonstrate that different industries and scales will affect the strategy towards CSR and CFP.

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37

chang, chun-ping, e 張峻萍. "The relationship between corporate governance and corporate performance". Thesis, 1999. http://ndltd.ncl.edu.tw/handle/84076860678677750427.

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Abstract (sommario):

碩士
國立臺灣大學
會計學研究所
87
With the increase of fundraising outside company and professionalism, the separation between ownership and control must become a necessary trend. Therefore, how to identify the manager’s interest with company itself by incentive compensation system and supervision has become a key issue .The purpose of this thesis is to investigate the relationship between corporate governance , including compensation, board of directors , and ownership structure , and corporate performance. By using correlation and regression ,a sample of 213 firms listed in Taiwan Stock Exchange for the 1996-1997 period are investigated. The results are as follows : 1. The relationship between CEO compensation and corporate performance is positive. 2. The relationship between whether president and general manager are same or not and corporate performance is not significant. 3. The relationship between size of the board and corporate performance is not significant. 4. The relationship between managerial shareholding and corporate performance is not significant. 5. The relationship between ownership of the board of the directors and corporate performance is positive. 6. The relationship between largest family shareholding and corporate performance is not significant. 7. The relationship between institution shareholding and corporate performance is not significant.

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38

Wu, Wen-Teng, e 吳文騰. "The Effect of Corporate Governance on Corporate Performance". Thesis, 2014. http://ndltd.ncl.edu.tw/handle/f2z7qh.

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Abstract (sommario):

碩士
國立高雄應用科技大學
財富與稅務管理系碩士在職專班
102
Corporate Governance is the mechanism in which corporate management and supervision are developed. It aims to strengthen company policy while pursuing the greatest profits for the company. Overseas, corporate governance had been discussed and researched for years, but domestic research did not start until post Asian Financial Crisis in 1997. Many governments began adopting methods to fortify corporate governance after numerous shocks from scandals attempting to boost profits. This research will investigate the influence of stock ownership structure and board characteristics on corporate performance. Corporate performance will be measured by ROA, ROE, and stock returns. By focusing on 2950 companies that went public between 2009 and 2012, the regression analysis shows the following. 1. The relationship between institutional investor shareholding ratio and ROA is significant. 2. The relationship between institutional investor shareholding ratio and ROE is significant. 3. The relationship between pledged shares ratio and ROE is significant. 4. The relationship between external directors and supervisors seats ratio and ROA is significant. 5. The relationship between external directors and supervisors seats ratio and ROE is significant. 6. It shows that the above variables in this research have non-significant relationship with stock returns.

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39

Lin, Yi-jeng, e 林宜錚. "Causality of Corporate Performance and Corporate Social Responsibility". Thesis, 2014. http://ndltd.ncl.edu.tw/handle/xz8b6m.

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Abstract (sommario):

碩士
國立高雄大學
金融管理學系碩士班
102
Because of the globalization, the market is more competitive. The corporate tends to implement social responsibility in the aspects of steak holders’ wealth, environment and social welfare to create its competitive advantages and to reach its goal of maximizing shareholders’ wealth. The conclusions of existing literature related to the relationship between corporate performance and CSR are still ambiguous. The corporate might improve its profitability by implementing CSR. However, there might a possibility that the corporate implement CSR because of its good profitability. Therefore, the objective of this study is test the granger causality of the corporate performance and CSR by using the model of Dumitrescu and Hurlin (2012). First of all, this study will create a CSR index of all listed firms in Taiwan by using five aspects in measuring CSR of Taiwan Economic Journal database. Furthermore, in terms of the industrial competitiveness, such as gross margin, profit margin, and industrial concentration, this study will test the relationship between corporate performance and CSR. The empirical results show that, using return on assets or return on equity as a measure of corporate performance, the causal relationship between CSR and performance is bilateral and positive. They indicate that implementing CSR improves firms’ profitability and superior performance in terms of profitability provides the intention of implementing CSR. However, the causal relationship between CSR and stock return is unilateral. Corporates with higher stock returns lead to higher incentive to implement CSR. Taking competition factor, empirical results show that competitive condition will significant effect the causal relationship between CSR and performance. Therefore, the policy implication of this study is that government can effectively promote CSR by considering competition factor.

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40

Lin, Sung-Ting, e 林宋廷. "Corporate Social Responsibility, Corporate Governance and Financial Performance". Thesis, 2014. http://ndltd.ncl.edu.tw/handle/wzctjz.

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Abstract (sommario):

碩士
淡江大學
會計學系碩士在職專班
102
The main purpose of corporate governance is to balance between the interests of stakeholders, and corporate social responsibility is also true. This study aimed to investigate the corporate social responsibility (CSR), association of corporate governance and financial performance. Vision based magazine held in 2005-2013 years business competitions get elected "Corporate Social Responsibility Award" paramount Award of the Year Award as well as other selected selected 50 outstanding enterprises such as "winning group.", The "control group" companies for the same industry, but never winning enterprise. This study adopts the independent samples t-test in average verification method for empirical analysis, the data source is from Taiwan Economic Journal (TEJ), Vision and the public information station of Taiwan Stock Exchange Corporation. The following conclusions were obtained:（1）Corporate social responsibility has a positive significant relationship with corporate governance.（2）Corporate social responsibility has a positive significant relationship with financial performance.（3）The enterprise’s scale is positively related with the degree of fulfilling the social responsibility. According to the research findings, relevant suggestions and method are proposed for practical applications and future research, which is provided as reference for government agencies, enterprises and future researchers to understand that the corporate social responsibility believes in the spirit of "taken from the society, giving back to society".

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41

YANG, RU-YIN, e 楊茹茵. "Financial Performance、Corporate Governance and Corporate Social Responsibility". Thesis, 2018. http://ndltd.ncl.edu.tw/handle/megve9.

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42

YANG, SHU-HAN, e 楊舒涵. "The Impact of Corporate Happiness on Corporate Performance". Thesis, 2018. http://ndltd.ncl.edu.tw/handle/hjgu3k.

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Abstract (sommario):

碩士
國立高雄第一科技大學
金融系碩士班
106
The study references the methodology used by Chen, Tang, and Hung (2013) to construct a corporate social responsibility index, and the G-index model from Gompers, Ishii and Metrick (2003) to create a Corporate Happiness Index (CHI). Our main objective was to investigate potential differences in the profitability levels, corporate values, and growth rates between companies with high and low CHIs. The sample was divided into high CHI and low CHI groups. A mean test was done on Taiwan’s public companies between 2010 and 2015 to determine the impact of high- and low-CHI companies on various indices. The results of the empirical study revealed that the Tobin’s Q, dividend per share, earnings per share, return on assets, net ROI, operating profit margin, corporate social responsibility, and the aggregate shareholdings of the three institutional investors in Taiwan of companies with a high CHI were greater than those of companies with a low CHI. For high-CHI companies, the net value of their stocks in 2011 were less than those of companies with a low CHI. During 2010 and the period between 2012 and 2015, the net value of stocks of companies with a high CHI were all greater than those of companies with a low CHI. The analysis on company growth revealed that although the ROA average growth rate in 2010, the average net ROI growth rate in 2013 and 2014, and the average growth rate of the operating profit margins of companies with a high CHI in 2014 were all less than those of low-CHI companies, none of the differences were significant. High-CHI companies with high financial performance in the base period saw greater average growth rates than low-CHI companies over time. In addition, an increase in the prioritization of employee happiness and satisfactory work environments resulted in increased corporate value. Based on the various indicators, it seems high-CHI companies perform better than low-CHI companies. Thus, the results of this study support the importance of providing satisfactory work environments and putting appropriate systems in place to create a happy company environment.

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43

Wang, Chia-Ching, e 王家慶. "Corporate Strategy, Corporate Social Responsibility, and Firm Performance". Thesis, 2018. http://ndltd.ncl.edu.tw/handle/7367zp.

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Abstract (sommario):

碩士
國立東華大學
財務金融學系
106
This paper applies Mile and Snow (1978, 2003) theoretical business strategy to investigate whether the enterprise strategy (Prospector、Analyzer、Defender) will affect the company's willingness to engage in Corporate Social Responsibility (CSR) activities and what type of CSR it prefers to engage in. This study also helps us understand the intention of doing CSR in different enterprise strategies. Finally, we discuss how different enterprise strategies that engage in CSR affects the corporate financial performance. First, we find that Analyzers are more inclined to engage in CSR activities . In addition, Prospectors who invest in CSR have better CSR performance and better CSR innovation performance than others. Second, we find that prospectors’ performance in ROA is worse than the other two strategies, but its gross profit is better. This result represents that Prospectors are superior in their earning, while Analyzers and Defenders are more efficient in their operations and cost management. Third, although company that engages CSR activities will increases their cost, but this will increase their financial performance. Finally, we find Prospectors’ performance in ROA is poor, but they can improve the result by engaging in CSR activities.

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44

Lin, Li-Chuan, e 林麗娟. "Corporate Governance, Corporate Social Responsibility, and Bank Performance". Thesis, 2015. http://ndltd.ncl.edu.tw/handle/48603301943988655547.

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Abstract (sommario):

碩士
銘傳大學
財務金融學系碩士在職專班
103
Abstract The aim of this study is to investigate the relationship between corporate governance, corporate social responsibility, and bank performance. This study employs the panel data model to conduct the regression analysis. The sample consists of 28 domestic banks, and empirical period is from 2007 to 2013. This study uses relevant corporate governance variables to conduct the exploratory factor analysis (EFA). The aim is to measure a bank''s corporate governance score, which is the proxy variable of corporate governance index. Moreover, this study uses the operational risk events as the proxy of corporate social responsibility. The study result of EFA extracts three factors: foreign ownership structure, ownership structure, and management efficiency. It accounts for 85.71% of the variance. The result of panel data analysis finds that corporate governance index has a significant and positive effect on bank performance, and operational risk events have a significant and negative effect on bank performance. In addition, this study classifies the whole sample into subsidiary banks of financial holding companies and independent banks to conduct the robustness test. The result of robustness test reveals that the positive relationship between corporate governance index and bank performance is suggested as well. This implies that corporate governance is a key factor influencing bank performance.

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45

Chen, Shaoyu, e 陳紹俞. "The Impact of Corporate Diversification on Corporate Performance". Thesis, 2012. http://ndltd.ncl.edu.tw/handle/71280935123170769678.

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Abstract (sommario):

碩士
大葉大學
管理學院碩士在職專班
101
This study aimed to discuss whether internationalization and diversification would affect its firm performance according to the data of listed companies in Taiwan from 1986 to 2001. The regression results shows diversification will affect financial performance. The diversification had a quadratic curve relation with firm performance. Firm performance increased in the beginning of diversification: but firm performance falls while the products diversification is too high. There is no significant relationship between internationalization and firm performance . Firm performance would fall down while internationalization goes too far.

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46

Huang, Bo-Rui, e 黃柏叡. "The Influence of Corporate Governance on Corporate Performance". Thesis, 2014. http://ndltd.ncl.edu.tw/handle/79099990163676304239.

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Abstract (sommario):

碩士
國立高雄第一科技大學
金融系碩士班金融組
102
This paper tries to adopt corporate governance index to explore whether good corporate governance has good corporate performance from a sample of Taiwan listed companies over the period 2009 to 2013. The empirical results show that corporate performance has the positive relationship with corporate governance index, financial leverage, cash holdings, fixed assets ratio and capital expenditure ratio. Meanwhile, corporate performance has the negative relationship with firm size and sales growth rate.

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47

CHANG, SHIH-YU, e 張實育. "The Impacts of Corporate Governance on Corporate Performance". Thesis, 2016. http://ndltd.ncl.edu.tw/handle/88680936507998881582.

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Abstract (sommario):

碩士
大葉大學
管理學院碩士在職專班
104
This study discusses the relationship between corporate governance and corporate performance in Taiwan shipping industry. The research sample objects are domestic listed companies and OTC companies in the shipping business in 2007 to 2014. We use descriptive statistics, correlation coefficient analysis, and regression analysis to probe the relationship between the ownership structure and board characteristics of corporate governance and corporate performance in the shipping business. This research finds variables of corporate governance such as the ratio of managerial ownership, the shares of board directors, the shares of institutional investor, company scale, family business, the ratio of outside director, and chairman served CEO have positive relationship with corporate performance. However, the pledged share ratio of directors, liability ratio, the number of board directors have negative relationship with corporate performance. In closing for the sake of avoiding the impact of bad corporate governance on corporate performance, we should increase the ratio of managerial ownership, the shares of board directors and institutional investor so on to enhance company management in order to avoid financial distress because of bad operating performance and furthermore to achieve the goal of corporate governance.

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48

Li, Sheng-Jie, e 李勝傑. "Impact of Corporate Governance and Corporate Social Responsibility on Corporate Performance". Thesis, 2018. http://ndltd.ncl.edu.tw/handle/m5fqwr.

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Abstract (sommario):

碩士
國立高雄應用科技大學
財富與稅務管理系
106
The purpose in the study is to discuss the influence of corporate governance and corporate social responsibility on corporate performance. The research period is from 2009 to 2017, and samples of the Taiwan listed company. The substantial evidences result shows that hypothesis 1 to hypothesis 6 are supported. There is a significant positive correlation with financial institution holding, managers holding and director and supervisor holding when the dependent variable is corporate performance. It is negatively correlated with deviation of controlling interest subtract revenue distribution, director and supervisor pledge of stock rights and director controller ratio. But it is inconsistency with hypothesis 7. There is a significant negative correlated with CSR when the dependent variable is corporate performance in model 1 and model 2. It is insignificantly in model 3. Only the model 4 support hypothesis 7 that is a significant positive correlation with CSR when the dependent variable is Tobin’s Q.

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49

HSIAO, AN-TING, e 蕭安庭. "The Relationships between Corporate Governance, Corporate Performance and Corporate Social Responsibility". Thesis, 2017. http://ndltd.ncl.edu.tw/handle/hpth2s.

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Abstract (sommario):

碩士
國立高雄應用科技大學
財富與稅務管理系
105
A series of food safety scandals in Taiwan has hurt consumer confidence, making all sectors of the community realize the importance of corporate social responsibility (CSR). Thus, the Financial Supervisory Commission has been gradually requiring that public companies issue annual CSR report starting in 2015. Since corporate governance is also a key factor deciding whether a company can have a sustainable development, my thesis is aimed to investigate the corporate governance structure affecting CSR performance. The empirical results indicated that we have found that the board size and the percentage of independent board director seats are significantly and positively correlated with being chosen as awarded corporates and rating marks, even several re-pairings produce the same results. The dual position of chairman and CEO holds significant negative correlation with being chosen as awarded corporates. Moreover, the proportion of shareholding of directors and supervisors and managers shareholding proportion have no significant impact on being chosen as awarded corporates. However, they have significant impact on the rating markings.

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50

Chen, Jian-fu, e 陳建福. "The Relationships of Corporate Governance, Corporate Social Responsibility and Corporate Performance". Thesis, 2010. http://ndltd.ncl.edu.tw/handle/80207223923870828923.

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Abstract (sommario):

碩士
逢甲大學
會計所
98
In recent years, the controversy of globalization, international environmental awareness is getting higher. Enterprises not only pursue profits for shareholders, government agencies, investors, employees and the community for the corporate social responsibility a gradual increase in the demands of international trade sanctions, environmental protection of the convention as enterprise management, and a source of their competitive pressure. In addition, corporate governance and corporate social responsibility work in very tight relationship. The past studies have pointed that both corporate governance and company performance with relevance. This study used the Commonwealth magazine’s "Excellence in corporate social responsibility top 50" as samples, to research the relationship of corporate social responsibility, corporate governance and corporate performance. Our findings show that, (1) Using multiple regressions to analyze the relationship of CSR and corporate performance. The result shows that, when the corporate governance is better, the corporate financial performance is better. (2) Testing the relationship of individual corporate governance and the scope of corporate governance. The corporate governance score will higher if the size of board of directors and the ratio of independent directors is bigger. (3) Testing the relationship of individual corporate governance and the corporate performance. Their financial performance is better when the electronics industry’s large shareholders, institutional investors holding ratio is higher. (4) If using the stepwise regression, when the ratio of independent directors and institutional investors holding are higher, the financial performance is better. While the director holdings is higher, the financial performance is worse. (5) Comparing the each year to the relationship of individual corporate governance and corporate performance. Except for 2007, when the other years’ ratio of independent directors and institutional investors holding is higher, its financial performance is better.

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Tesi sul tema "Performance of corporate"

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