過度自信經理人對 企業社會責任與財務績效之關聯

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：13

、訪客IP：18.222.32.154

姓名

陳奕亨(Yi-Heng Chen) 查詢紙本館藏

畢業系所

企業管理學系

論文名稱

過度自信經理人對企業社會責任與財務績效之關聯

相關論文

★ 電動車產業之經營策略研究－以F公司為例	★ 機車製造廠於新產品開發之過程管制探討-以Y公司為例
★ 酒類消費與犯罪率之視覺化分析	★ 以均值回歸特性探討分析師個人評價產生之長短期預測不一致
★ 產業差異對於分析師目標價與推薦門檻影響之探討	★ 分析師營收預測與油價變動關聯性之探討
★ 分析師多年期預測與其預測能力之探討	★ 探討分析師對盈餘成份認定與其對資本市場之影響
★ 探討企業未來性資產對分析師盈餘預測與推薦不一致之影響	★ 以中國新財富票選探討擇時能力對成為明星分析師之影響
★ 分析師觀點建構過度投資指標	★ 公司財務限制與企業社會責任之關聯-以現金股利及庫藏股買回為指標
★ 探討分析師資本支出預測之資訊意涵	★ 過度投資與球場因素對美國職棒關係之研究
★ 探討分析師推薦是否能區別高階經理人為過度自信之研究	★ 企業發生負面事件與其企業社會責任之關聯

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]

[檢視]

[下載]

本電子論文使用權限為同意立即開放。
已達開放權限電子全文僅授權使用者為學術研究之目的，進行個人非營利性質之檢索、閱讀、列印。
請遵守中華民國著作權法之相關規定，切勿任意重製、散佈、改作、轉貼、播送，以免觸法。

摘要(中)

本研究主要探討過度自信經理人對企業社會責任與財務績效之關聯，由於企業社會責任能夠創造聲譽並且吸引投資人與利害關係人目光，為公司建立良好的品牌，此效益有利於公司之財務績效，因過度自信經理人對公司前景樂觀，高估未來現金流量，同時認為公司較有餘裕增加投資，故以過度自信經理人出發，討論過度自信經理人與社會企業責任之關聯性，驗證過度自信經理人是否增加企業社會責任投資，再探討過度自信經理人是否加強企業社會責任與財務績效之正向影響。實證結果顯示，過度自信經理人與企業社會責任有顯著正相關性，可得知若經理人具有過度自信傾向，會增加企業社會責任投入，另外，過度自信經理人對企業社會責任與財務績效，有顯著正向調節效果。

摘要(英)

The purpose of this study is to explain the relationship between corporate social responsibility and financial performance. In this study, we investigate the relation of manager’s overconfidence with corporate social responsibility. Moreover, we show whether overconfident mangers will increase the positive relationship between corporate social responsibility.
The results demonstrate that overconfident managers increase the investment of corporate social responsibility. Additionally, we found that manager’s overconfidence significantly positively moderates corporate social responsibility and financial performance.

關鍵字(中)

★ 過度自信經理人
★ 企業社會責任
★ 財務績效

關鍵字(英)

★ overconfident manager
★ corporate social responsibility
★ financial performance

論文目次

摘要 i
Abstract ii
誌謝 iii
目錄 iv
一、緒論 1
1-1研究動機 1
1-2 研究目的 2
1-3論文架構 3
二、文獻探討 4
2-1-1 過度自信 4
2-1-2 企業社會責任 5
2-1-3 過度自信經理人與企業社會責任之關係 6
2-1-4 企業社會責任與財務績效之關係 7
2-2 研究假說建立 7
三、研究方法 10
3-1資料來源與選樣方法 10
3-2 研究方法與模型建立 10
3-2-1 過度自信與企業社會責任之關係 10
3-2-1-1 假說一之模型建立 11
3-2-1-2 假說一之控制變數 11
3-2-2 企業社會責任與財務績效之關係-過度自信經理人為調節效果 12
3-2-2-1 假說二之模型建立 12
3-2-2-2 假說二之控制變數 13
3-3變數衡量 14
3-3-1 重要變數計算 14
四、實證結果 16
4-1 敘述性統計 16
4-2 相關性分析 18
4-3 迴歸結果 20
4-3-1 假說一之迴歸結果 20
4-3-2 假說二之迴歸結果 22
4-4 敏感性分析 25
4-4-1 過度自信經理人 25
4-4-1-1 迴歸結果 26
4-4-2 企業社會責任 27
4-4-2-1 迴歸結果 28
五、研究結論與建議 29
5-1 研究結論 29
5-2 研究限制與建議 30
參考文獻 31

參考文獻

1. Agrawal, A., & Knoeber, C. R. (1996). Firm performance and mechanisms to control agency problems between managers and shareholders. Journal of Financial and Quantitative Analysis, 31 (3), 377-397.
2. Ben-David, I., Graham, J. R., & Harvey, C. R. (2007). Managerial overconfidence and corporate polices. Working Paper. National Bureau of Economic Research.
3. Bhattacharya, C. B., & Sen, S. (2004). Doing better at doing good: when, why, and how consumers respond to corporate social initiatives. California Management Review, 47 (1), 9-24.
4. Becchetti, L. Ciciretti, R., Hasan, I., & Kobeissi, N. (2012). Corporate social responsibility and shareholder′s value. Journal of Business Research, 65 (11), 1628-1625.
5. Beltratti, A. (2005). The complementarity between corporate governance and corporate social responsibility. The Geneva Papers on Risk and Insurance - Issues and Practice, 30 (1), 373-386.
6. Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011). Voluntary nonfinancial disclosure and the cost of equity capital: the initiation of corporate social responsibility reporting. The Accounting Review, 86 (1), 59-100.
7. Friedman, M. (1970). A theoretical framework for monetary analysis. Journal of Political Economy. 78 (2), 193-238.
8. Gul, F. A., Krishnamurti, C., Shams S., & Chowdhury, H. (2020). Corporate social responsibility, overconfident CEOs and empire building: agency and stakeholder theoretic perspectives. Journal of Business Research, 111 (1), 52-68.
9. Gompers, P. A., & Metrick A. (2001). Institutional investors and equity prices. The Quarterly Journal of Economics, 116 (3), 229-259.
10. Gao, Y., & Han, K. S. (2020). Managerial overconfidence, ESG and firm value. Asia-Pacific Journal of Accounting & Economics, 1-19.
11. Hambrick, D. C., & Mason, P. A. (1984). Upper echelons: the organization as a reflection of its top managers. The Academy of Management Review, 9 (2), 193-206.
12. Hackbarth, D. (2008). Managerial traits and capital structure decisions, Journal of Financial and Quantitative Analysis, 43 (4), 843-882.
13. Hirshleifer, D., Low, A., & Teoh, S. H. (2012). Are overconfident CEOs better innovators. The Journal of Finance, 4 (1), 1457-1498.
14. Kang, S. A., & Cho, S. M. (2020). Management overconfidence and ESG activities in Korea with a big data approach, Sustainability, 12 (1), 1-15.
15. Moore, D. A., & Healy, P. A. (2008). The trouble with overconfidence. Psychological Review, 115 (2), 502-517.
16. Malmendier, U., & Tate, G. (2008). Who makes acquisitions? CEO overconfidence and the market′s reaction. Journal of Financial Economics, 89 (1), 20-43.
17. Malmendier, U., & Tate, G. (2005). Does overconfidence affect corporate investment? CEO overconfidence measures revisited. European Financial Management, 11 (5), 649-659.
18. McGuire, J. B., Sundgren, A., & Schneeweis, T. (1988). Corporate social responsibility and firm financial performance. The Academy of Management Journal, 31 (4), 854-872.
19. McWilliams, A., & Siegel, D. (2000). Corporate social responsibility and financial performance: correlation or misspecification. Strategic Management Journal, 21, 603-609.
20. McWilliams, A., & Siegel, D. (2001). Corporate social responsibility: a theory of the firm perspective. The Academy of Management Review, 26 (1), 117-127.
21. Oliver, B., McCarthy, S., & Song, S. (2014). CEO overconfidence and corporate social responsibility. Working paper. UQ Business School, 1-60.
22. Parket, I. R., & Eilbert, H. (1975). The practice of business social responsibility: the underlying factors. Business Horizon, 18 (4), 5-10.
23. Petrenko, O. V., Aime, F., Ridge, J., & Hill, A. (2016). Corporate social responsibility or CEO narcissism? ESG motivations and organizational performance. Strategic Management Journal, 37 (1), 262-279.
24. Peters, R., & Mullen, M. R. (2009). Some evidence of the cumulative effects of corporate social responsibility on financial performance. Journal of Global Business, 3 (1), 1-14.
25. Schaefer, P. S., Williams, C. C., Goodie A. S., & Campbell, W. K. (2003). Overconfidence and the big five. Journal of Research in Personality, 38 (1), 473-480.
26. Surroca, J., Tribo, J. A., & Waddock, S. (2010). Corporate responsibility and financial performance: the role of intangible resources. Strategic Management Journal, 31 (1), 463-490.
27. Tsoutsoura, M. (2004). Corporate social responsibility and financial performance. Working Paper. UC Berkeley, 1-21.

指導教授

黃承祖

審核日期

2021-8-10

推文