企業社會責任與盈餘管理之關聯性研究

The Relationship between Corporate Social Responsibility and Earnings Management

隨著全球對於企業社會責任之重視，各國紛紛開始要求企業須出具CSR報告書，我國亦於2014年起規範部分企業須出具CSR報告書，以闡明其自身之社會責任，同時可引起社會大眾對於企業社會責任之重視，透過出具CSR報告書，亦可以讓企業更了解本身於各層面所需負擔之社會責任。本研究欲探討出具CSR報告書是否與管理者之盈餘管理行為有關，並以我國上市（櫃）公司做為研究樣本，而樣本期間為2014年至2016年。此外，本研究亦以《天下雜誌》企業公民獎作為企業另一種有關CSR資訊揭露的指標，併同一起探討其與盈餘管理之關聯性。實證結果發現，有出具CSR報告書者之盈餘管理行為比未出具者收斂；而得獎企業之盈餘管理行為亦比未得獎者收斂，且得獎與出具CSR報告書二者間存在交互作用。

Due to globalization, more and more countries have promoted some policy about Corporate Social Responsibility (CSR). CSR is a duty of every corporate to protect the interest of the society. Even though the main motive of business is to earn profit, corporate should take initiative for welfare of the society and should perform its activities within the framework of environmental norms. Taiwan has enforced that some corporates should issue CSR reports since 2014. In this study, we explore the relationship between corporate social responsibility and earnings management (EM). The sample of our study is the listed companies in Taiwan from 2014 to 2016. We obtain the all listed companies which have issued the CSR report in Taiwan from MOPS. Besides, we also use ＂Excellence in Corporate Social Responsibility Prize＂ of Common Wealth as an index of information of CSR. Results show that the relationship between issuing CSR report and EM is significantly negative; the relationship between being awarded CSR Priz e and EM is also significantly negative. There is cross effect between issuing CSR report and being awarded CSR Prize.