女性董事、企業社會責任、員工離職率與財務績效之關聯性

以作者查詢圖書館館藏

、以作者查詢臺灣博碩士

、以作者查詢全國書目

、勘誤回報

、線上人數：7

、訪客IP：3.142.197.212

姓名

劉品希(Pin-Xi Liu) 查詢紙本館藏

畢業系所

企業管理學系

論文名稱

女性董事、企業社會責任、員工離職率與財務績效之關聯性

相關論文

★ 公司治理、企業社會責任策略與財務績效之關聯性

檔案

[Endnote RIS 格式]

[Bibtex 格式]

[相關文章]

[文章引用]

[完整記錄]

[館藏目錄]

至系統瀏覽論文 ( 永不開放)

摘要(中)

近年來隨著大眾價值觀的改變，女性意識逐漸抬頭，亞洲各國也逐漸在推動董事多元化，本國金管會自2019年起積極落實推動兩性平等相關政策，而隨著越來越多女性擔任領導人的角色，企業社會責任的議題也備受討論，若企業履行越多的企業社會責任是否會增加企業之財務績效，為一值得探討之議題。
本研究旨在探討女性董事與企業社會責任之間的關聯性以及企業社會責任與財務績效之間是否透過員工離職率進而影響財務績效，以女性董事比例作為女性董事之代理變數；以企業社會責任報告書中社會公益之員工部分作為代理變數；以員工流動率作為員工離職率之代理變數；以資產報酬率、股東權益報酬率及Tobin’s Q作為財務績效之代理變數，並以2014年至2018年間台灣上市、上櫃之電子公司進行研究，針對研究樣本進行敘述性統計分析、Pearson 相關性分析、迴歸分析以及中介分析，以檢定各變數之間之關係及驗證本研究之假說。
經實證結果顯示，女性董事與企業社會責任呈現正向顯著關係，表示女性董事越多，企業落實企業社會責任越多；企業社會責任與資產報酬率以及Tobin’s Q之間呈現不顯著相關，表示企業落實企業社會責任對於資產報酬率以及Tobin’s Q不會有任何影響；企業社會責任對於員工離職率呈現負向顯著關係，表示企業越落實企業社會責任可使員工離職率降低；員工離職率對於財務績效皆呈現負向顯著關係，表示員工離職率越高，會讓公司各項成本增加使財務績效降低；員工離職率在企業社會責任與財務績效之間具有中介效果，表示當當企業越落實企業社會責任時，員工對於公司工作滿意度提升，進而降低員工離職率並且會使財務績效提高。

摘要(英)

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

關鍵字(中)

★ 女性董事比例
★ 企業社會責任
★ 員工離職率
★ 財務績效

關鍵字(英)

★ Female Board
★ Corporate Social Responsibility
★ Employee Turnover Rate
★ Financial Performance

論文目次

摘要 i
Abstract ii
目錄 iii
圖目錄 v
表目錄 vi
一、緒論 1
1-1　研究背景與動機 1
1-2　研究目的 3
1-3　論文架構 3
二、文獻探討 4
2-1　企業社會責任 4
2-2　女性董事與企業社會責任 5
2-3　企業社會責任與財務績效 5
2-4　企業社會責任與員工離職率 6
2-5　員工離職率與財務績效 6
三、研究方法 10
3-1　研究架構 10
3-2樣本選取與資料來源 10
3-2-1　研究期間與樣本選取 10
3-2-2　資料來源 12
3-3　變數定義與衡量 12
3-3-1　女性董事比例 12
3-3-2　企業社會責任 12
3-3-3　員工離職率 12
3-3-4　財務績效 13
3-3-5　控制變數 14
3-4　研究模型 19
3-5資料分析方法 20
3-5-1　敘述性統計分析 20
3-5-2　Pearson 相關性分析 21
3-5-3　迴歸分析 21
3-5-4　中介分析 21
四、資料分析與討論 22
4-1　敘述性統計 22
4-2　Pearson 相關性分析 24
4-3　迴歸分析 27
4-3-1　女性董事比例對企業社會責任 27
4-3-2　企業社會責任對ROA 27
4-3-3　企業社會責任對ROE 27
4-3-4　企業社會責任對Tobin’s Q 28
4-3-5　企業社會責任對員工離職率 28
4-3-6　員工離職率對ROA 28
4-3-7　員工離職率對ROE 29
4-3-8　員工離職率對Tobin’s Q 29
4-4　中介分析 31
4-4-1　員工離職率在企業社會責任與 ROA 之中介分析 32
4-4-2　員工離職率在企業社會責任與 ROE 之中介分析 32
4-4-3　員工離職率在企業社會責任與 Tobin’s Q 之中介分析 32
4-3-11　假說檢定整理 34
五、結論與建議 35
5-1　研究結論 35
5-2　研究限制 36
5-3　研究建議 36
參考文獻 37

參考文獻

英文部分
Adams, R. B., & Ferreira, D. (2009). Women in the boardroom and their impact on governance and performance. Journal of financial economics, 94(2), 291-309.
Ağan, Y., Kuzey, C., Acar, M. F., & Açıkgöz, A. (2016). The relationships between corporate social responsibility, environmental supplier development, and firm performance. Journal of Cleaner Production, 112, 1872-1881.
Alonso‐Almeida, M. d. M., Fernández de Navarrete, F. C., & Rodriguez‐Pomeda, J. (2015). Corporate social responsibility perception in business students as future managers: a multifactorial analysis. Business Ethics: A European Review, 24(1), 1-17.
Balabanis, G., Phillips, H. C., & Lyall, J. (1998). Corporate social responsibility and economic performance in the top British companies: are they linked? European business review.
Baron, R. M., and D. A. Kenny. (1986). The moderator-mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology, 51(6), 1173-1182.
Betz, M., O′Connell, L., & Shepard, J. M. (1989). Gender differences in proclivity for unethical behavior. Journal of Business Ethics, 8(5), 321-324.
Bhattacharya, C. B., Sen, S., & Korschun, D. (2008). Using corporate social responsibility to win the war for talent. MIT Sloan management review, 49(2).
Bird, A., & Beechler, S. (1995). Links between business strategy and human resource management strategy in US-based Japanese subsidiaries: An empirical investigation. Journal of International Business Studies, 26(1), 23-46.
Borkowski, S. C., & Ugras, Y. J. (1998). Business students and ethics: A meta-analysis. Journal of Business Ethics, 17(11), 1117-1127.
Brammer, S., Millington, A., & Rayton, B. (2007). The contribution of corporate social responsibility to organizational commitment. The International Journal of Human Resource Management, 18(10), 1701-1719.
Hall, B. H. (1993). The stock market′s valuation of R&D investment during the 1980′s. The American Economic Review, 83(2), 259-264.
Hammer, T. H., Landau, J. C., & Stern, R. N. (1981). Absenteeism when workers have a voice: The case of employee ownership. Journal of Applied Psychology, 66(5), 561.
Haslam, S. A., Ryan, M. K., Kulich, C., Trojanowski, G., & Atkins, C. (2010). Investing with prejudice: The relationship between women′s presence on company boards and objective and subjective measures of company performance. British Journal of Management, 21(2), 484-497.
Huselid, M. A. (1995). The impact of human resource management practices on turnover, productivity, and corporate financial performance. Academy of management journal, 38(3), 635-672.
Huselid, M. A., Jackson, S. E., & Schuler, R. S. (1997). Technical and strategic human resources management effectiveness as determinants of firm performance. Academy of management journal, 40(1), 171-188.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of financial economics, 3(4), 305-360.
Jurkus, A. F., Park, J. C., & Woodard, L. S. (2011). Women in top management and agency costs. Journal of Business Research, 64(2), 180-186.
Kasarda, J. D. (1973). Effects of personnel turnover, employee qualifications, and professional staff ratios on administrative intensity and overhead. The Sociological Quarterly, 14(3), 350-358.
Kim, Y., Park, M. S., & Wier, B. J. T. a. r. (2012). Is earnings quality associated with corporate social responsibility? , 87(3), 761-796.
Kothari, S. P., & Zimmerman, J. L. (1995). Price and return models. Journal of Accounting and economics, 20(2), 155-192.
Lämsä, A.-M., Vehkaperä, M., Puttonen, T., & Pesonen, H.-L. (2008). Effect of business education on women and men students’ attitudes on corporate responsibility in society. Journal of Business Ethics, 82(1), 45-58.
Liu, Y., Wei, Z., & Xie, F. (2014). Do women directors improve firm performance in China? Journal of corporate finance, 28, 169-184.
Manner, M. H. (2010). The impact of CEO characteristics on corporate social performance. Journal of Business Ethics, 93(1), 53-72.
Margaretha, F., & Rachmawati, B. (2016). The effect of corporate social responsibility to financial performance of company in Indonesia. OIDA International Journal of Sustainable Development, 9(04), 11-18.
O′brien, J. P. (2003). The capital structure implications of pursuing a strategy of innovation. Strategic management journal, 24(5), 415-431.
Pettijohn, C., Pettijohn, L., & Taylor, A. J. (2008). Salesperson perceptions of ethical behaviors: Their influence on job satisfaction and turnover intentions. Journal of Business Ethics, 78(4), 547-557.
Preston, L. E., & O′bannon, D. P. (1997). The corporate social-financial performance relationship: A typology and analysis. Business Society, 36(4), 419-429.
Rodríguez‐Ariza, L., Cuadrado‐Ballesteros, B., Martínez‐Ferrero, J., & García‐Sánchez, I. M. (2017). The role of female directors in promoting CSR practices: An international comparison between family and non‐family businesses. Business Ethics: A European Review, 26(2), 162-174.
Rose, C. (2007). Does female board representation influence firm performance? The Danish evidence. Corporate Governance: An International Review, 15(2), 404-413.
Vafaei, A., Ahmed, K., & Mather, P. (2015). Board diversity and financial performance in the top 500 Australian firms. Australian Accounting Review, 25(4), 413-427.
Wang, Q., Dou, J., & Jia, S. (2016). A meta-analytic review of corporate social responsibility and corporate financial performance: The moderating effect of contextual factors. Business Society, 55(8), 1083-1121.

中文部分
李佳玲、葉穎蓉與何晉滄（2005）。績效、公司治理與高階管理者離職關係之實證研究。中山管理評論，13(1)，75-106。
李馨蘋與莊宗憲（2005）。股權結構與董事會組成對公司績效之影響。科際整合管理研討會。台北市，臺灣。
林揚舜與鍾俊文（2005）。員工分紅配股與員工流動率間的關係，貨幣觀測與信用評等，52，88-98。
林道慶（2017）。探討設置企業工會之有效性（未出版之碩士論文）。東吳大學，臺北市。
侯啟娉、蔡玉琴、倪伯煌與李子文（2017）。財務績效、公司稅與企業社會責任揭露。商管科技季刊，18(1)，75-100。
洪福彬、吳錦碧與陳君達（2009）。台灣地區金控公司員工離職傾向之研究。朝陽商管評論，8(1&2)，23-48。
陳傑雄（2013）。台灣營建產業之成長性與市場績效分析─以平衡計分卡探討（未出版之碩士論文）。南華大學，嘉義縣。
陳馥瑜、劉念琪（2003）。組織績效指標間關連性探討—以離職率、生產力、獲利力為例（未出版之碩士論文）。國立中央大學，桃園市。
黃璟琦（2002）。上市公司董監事持股、持股質押、市值與經營績效關聯性之研究（未出版之碩士論文）。國立高雄第一科技大學，高雄市。
臺灣證券交易所，T. TWSE 公司治理中心，企業社會責任簡介。2021年6月23日。取自：https://cgc.twse.com.tw/front/responsibility
劉念琪、江欣諭、吳奇聯與黃鈺婷（2011）。探討企業與員工之社會參與。2011年11月第十七屆人力資源管理實務與研究成果發表會，桃園市。
蔡孟惠（2014）。NB 樞紐產業之關鍵成功因子（未出版之碩士論文）。國立臺灣師範大學，彰化縣。
鄭晉昌（2019）。員工離職代價知多少？2021年6月23日。取自：
https://recruit.104.com.tw/cost-of-employee-turnover/
闕廷諭、許峰睿與陳育成（2014）。公司經營績效之探討：考慮公司治理與股權結構的影響。商學學報，22，67-86。

指導教授

蔡文賢黃承祖

審核日期

2021-7-27

推文