1. NCCU Academic Hub
  2. 學術產出
  3. College of Commerce
  4. Theses
  5. Item

學術產出-Theses

Article View/Open

Publication Export

Google ScholarTM

政大圖書館

Citation Infomation

題名 SASB 準則下 ESG 揭露程度之影響因素
The Determinants of the Degree of ESG Disclosure under SASB
作者 柯亦鴻
Ko, I-Hung
貢獻者 林宛瑩
柯亦鴻
Ko, I-Hung
關鍵詞 企業社會責任
ESG
SASB
ESG 揭露程度
Corporate social responsibility
ESG
SASB
Degree of disclosure in ESG
日期 2022
上傳時間 2-Sep-2022 14:43:59 (UTC+8)
摘要 金管會於 2020 年發布之公司治理 3.0 永續發展藍圖，除了擴大報告書強制編製範圍，也規範公司參考永續會計準則委員會（SASB）所制定之準則，按照產業特性所應重視之重大性議題進行揭露。由於 SASB 準則為 2018 年所發布，本研究以在 2018 年至 2020 年間出具企業社會責任報告書或永續報告書之台灣一般產業上市公司為研究對象，探討 SASB 準則下，台灣上市公司 ESG 揭露程度之影響因素。
本研究之實證結果顯示：公司規模、董事會規模、員工平均年齡以及是否為自願性揭露與 ESG 揭露程度存在顯著正向關係，公司和董事會的規模越大，ESG 揭露程度越佳；員工平均年齡越大，ESG 揭露程度越佳。此外女性董事比例則與 ESG 揭露程度存在顯著負向關係，公司董事會中女性董事越多，該公司於 SASB 準則下 ESG 揭露程度較低。
In 2020, the FSC released the Corporate Governance 3.0 Sustainability Development Blueprint, which expands the scope of report preparation. It also required that companies should refer to the materiality map provided by SASB for ESG
disclosure issues. Due to the SASB standard was released in 2018, this study takes companies listed in Taiwan Stock Exchange Market that have issued corporate social responsibility reports or sustainability reports during the period of 2018 to 2020 as the research sample to explore the determinants of the degree of ESG disclosure under
SASB framework.
The empirical findings show that company size, board size, average age of employees, and voluntary disclosure are significantly and positively related to the degree of ESG disclosure. The larger the size of the firm and the board, the better the ESG disclosure. The average age of the employees is elder, the better the ESG disclosure. Moreover, the proportion of female directors is significantly and negatively associated with the ESG disclosure. The company boards with more female directors disclose less ESG-related information under SASB framework.
參考文獻 Abeysekera, I. 2010. The influence of board size on intellectual capital disclosure by Kenyan listed firms. Journal of Intellectual Capital, 11(4): 504-518.
Ali, W., Wilson, J., and Husnain, M. 2022. Determinants/motivations of corporate social responsibility disclosure in developing economies: A survey of the extant literature. Sustainability (Switzerland), 14(6), 3474.
Alsaeed, K. 2006. The association between firm-specific characteristics and disclosure: the case of Saudi Arabia. Managerial Auditing Journal, 21(5): 476-496.
Andersona, R., Mansib, S.A. and Reeb, D.M. 2004. Board characteristics, accounting report integrity, and the cost of debt. Journal of Accounting and Economics, 37(3): 315-342.
Banno, F., and Trento. 2021. Women in top echelon positions and their effects on sustainability: a review, synthesis and future research agenda. Journal of Management and Governance, Advance online publicaton. Retrieved from https://doi.org/10.1007/s10997-021-09604-7.
Bilimoria, D., and Piderit, S.,K. 1994. Qualifications of corporate board committee Members. Group and Organisation Management, 19(3): 1453-1477.
Brammer, S., and Millington, A. 2006. Firm size, organizational visibility and corporate philanthropy: an empirical analysis. Business Ethics: A European Review, 15(1): 6-18.
Brammer, S., and Pavelin, S. 2008. Factors influencing the quality of corporate environmental is disclosure. Business Strategy and the Environment, 17(2): 120-136.
Branco, M., C., and Rodrigues, L., L. 2008. Factors influencing social responsibility disclosure by Portuguese companies. Journal of Business Ethics, 83 (4): 865-701.
Carter, D.,A., Simkins, B.,J., and Simpson, W.,G. 2003. Corporate governance, board diversity, and firm value. Financial Review, 38 (1): 33-53.
Chen, W., C., Lin, J., B., and Yi, B. 2008. CEO duality and firm performance – an endogenous issue. Corporate Ownership and Control, 6 (1): 58-65.
Child, J., and Tsai, T. 2005. The dynamic between firms` environmental strategies and institutional constraints in emerging economies: Evidence from China and Taiwan. Journal of Management Studies, 42 (1): 95-125.
Cowen, S., Ferreri, L., B., and Parker, L., D. 1987. The impact of corporate characteristics on social responsibility disclosure: a typology and frequency-based analysis. Accounting, Organisations and Society, 12 (2): 111-122.
Daily, C., M., and Dalton, D., R. 2003. Women in the boardroom: a business Imperative. Journal of Business Strategy, 24(5): 8-9.
Esa, E., and Ghazali, N., A. 2012. Corporate social responsibility and corporate governance in Malaysian government-linked companies. Corporate Governance, 12 (3): 292-305.
Gamerschlag, R., Möller, K., and Verbeeten, F. 2010. Determinants of voluntary CSR disclosure: empirical evidence from Germany. Review of Managerial Science, 5 (2): 233-262.
Haniffa, M., and Cooke, E. 2005. The impact of culture and corporate governance on corporate social reporting. Journal of Accounting and Public Policy, 24(5): 391-430.
Heinze. 1976. Financial correlates of a social involvement measure. Akron Business and Economic Review, 7(1): 48-51.
Ho, L.C. and Taylor, M.E. 2007. An empirical analysis of triple bottom-line reporting and its determinants: evidence from the United States and Japan. Journal of International Financial Management and Accounting, 18 (2): 123-150.
Kaymak, T., and Bektas, E. 2017, Corporate social responsibility and governance: information disclosure in multinational corporations. Corporate Social Responsibility and Environmental Management, 24 (6): 555-569.
Khan, M.H.U.Z. 2010. The effect of corporate governance elements on corporate social responsibility (CSR) reporting: empirical evidence from private commercial banks of Bangladesh. International Journal of Law and Management, 5(2): 82-109.
Khan, Z.S.S. 2021. Board Composition and Social and Environmental Accountability:A Dynamic Model Analysis of Chinese Firms. Sustainability, 13, article 10662.
Laksmana, I. 2008. Corporate board governance and voluntary disclosure of executive compensation practices. Contemporary Accounting Research, 25(4): 1147-1182.
Lang, M., and Lundholm, R. 1993. Cross-sectional determinants of analyst ratings of corporate disclosures. Journal of Accounting Research, 31(2): 246-271.
Liu, X., and Anbumozhi, V. 2009. Determinant factors of corporate environmental information disclosure: an empirical study of Chinese listed companies. Journal of Cleaner Production, 17(6): 593-600.
Meznar, M.B., and Nigh, D. 1995. Buffer or bridge? Environmental and organizational determinants of public affairs activities in American firms. Academy of Management Journal, 38(4): 975-996.
Mohd Ghazali, N.A. 2007. Ownership structure and corporate social responsibility disclosure:some Malaysian evidence. Corporate Governance, 7(3):251-266.
Muth, M.M., and Donaldson, L. 1998. Stewardship theory and board structure: a contingency approach. Corporate Governance: An International Review, 6(1): 5-28.
Ouimet, P., & Zarutskie, R. 2014. Who works for start-ups? The relation between firm age, employee age, and growth. Journal of Financial Economics, 112(3), 386-407.
Purushothaman, M., Tower, G., Hancock, R., and Taplin, R. 2000. Determinants of corporate social reporting practices of listed Singapore companies. Pacific Accounting Review, 12(2): 101-133.
Rahman, N.H.W.A., Zain, M.M., and Al-Haj, N.H.Y.Y. 2011. CSR disclosures and its determinants: evidence from Malaysian government link companies. Social Responsibility Journal, 7(2): 181-201.
Reverte, C. 2009. Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2): 351-366.
Rezaee, Z., Tuo, L. 2017. Voluntary disclosure of non-financial information and its association with sustainability performance. Advances in Accounting, 39:47-59.
Roberts, R.W. 1992. Determinants of corporate social responsibility: an application of stakeholder theory. Accounting, Organizations and Society, 17 (6):595-612.
Said, R., Zainuddin, Y.H. and Haron, H. 2009. The relationship between corporate social responsibility disclosure and corporate governance characteristics in Malaysian public listed companies. Social Responsibility Journal, 5(2): 212-226.
Siregar, S.V., and Bachtiar, Y. 2010. Corporate social reporting: empirical evidence from Indonesia stock exchange. International Journal of Islamic and Middle Eastern Finance and Management, 3(3): 241-252.
Uyar, A., Kuzey, C., Kilic, M., and Karaman, A. S. 2021. Board structure, financial performance, corporate social responsibility performance, CSR committee, and CEO duality: Disentangling the connection in healthcare. Corporate Social Responsibility and Environmental Management, 28: 1730– 1748.
Vafeas, N. 1999. Board meeting frequency and firm performance. Journal of Financial Economics, 53(1): 13-42.
Wang, J., and Coffey, B., S. 1992. Board composition and corporate philanthropy. Journal of Business Ethics, 11 (10): 771-778.
Webb, E. 2004. An examination of socially responsible firms’ board structure. Journal of Management and Governance, 8(3): 255-277.
Williams, R.J. 2003. Women on corporate boards of directors and their influence on corporate philanthropy. Journal of Business Ethics, 42(1): 1-10.
Zainon, S., Atan, R., Adzrin, R., Ahmad, R. and Wah, Y.B. 2012. Associations between organizational specific attributes and the extent of disclosure in charity annual returns. International Journal of Mathematical Models and Methods in Applied Sciences, 3(6): 482-489.
Zhang, J.Q., Zhu, H. and Ding, H.B. 2013. Board composition and corporate social responsibility: an empirical investigation in the post sarbanes-oxley era. Journal of Business Ethics, 114(3): 381-392.
描述 碩士
國立政治大學
會計學系
109353042
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0109353042
資料類型 thesis
dc.contributor.advisor 林宛瑩zh_TW
dc.contributor.author (Authors) 柯亦鴻zh_TW
dc.contributor.author (Authors) Ko, I-Hungen_US
dc.creator (作者) 柯亦鴻zh_TW
dc.creator (作者) Ko, I-Hungen_US
dc.date (日期) 2022en_US
dc.date.accessioned 2-Sep-2022 14:43:59 (UTC+8)-
dc.date.available 2-Sep-2022 14:43:59 (UTC+8)-
dc.date.issued (上傳時間) 2-Sep-2022 14:43:59 (UTC+8)-
dc.identifier (Other Identifiers) G0109353042en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/141539-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 會計學系zh_TW
dc.description (描述) 109353042zh_TW
dc.description.abstract (摘要) 金管會於 2020 年發布之公司治理 3.0 永續發展藍圖，除了擴大報告書強制編製範圍，也規範公司參考永續會計準則委員會（SASB）所制定之準則，按照產業特性所應重視之重大性議題進行揭露。由於 SASB 準則為 2018 年所發布，本研究以在 2018 年至 2020 年間出具企業社會責任報告書或永續報告書之台灣一般產業上市公司為研究對象，探討 SASB 準則下，台灣上市公司 ESG 揭露程度之影響因素。
本研究之實證結果顯示：公司規模、董事會規模、員工平均年齡以及是否為自願性揭露與 ESG 揭露程度存在顯著正向關係，公司和董事會的規模越大，ESG 揭露程度越佳；員工平均年齡越大，ESG 揭露程度越佳。此外女性董事比例則與 ESG 揭露程度存在顯著負向關係，公司董事會中女性董事越多，該公司於 SASB 準則下 ESG 揭露程度較低。		zh_TW
dc.description.abstract (摘要) In 2020, the FSC released the Corporate Governance 3.0 Sustainability Development Blueprint, which expands the scope of report preparation. It also required that companies should refer to the materiality map provided by SASB for ESG
disclosure issues. Due to the SASB standard was released in 2018, this study takes companies listed in Taiwan Stock Exchange Market that have issued corporate social responsibility reports or sustainability reports during the period of 2018 to 2020 as the research sample to explore the determinants of the degree of ESG disclosure under
SASB framework.
The empirical findings show that company size, board size, average age of employees, and voluntary disclosure are significantly and positively related to the degree of ESG disclosure. The larger the size of the firm and the board, the better the ESG disclosure. The average age of the employees is elder, the better the ESG disclosure. Moreover, the proportion of female directors is significantly and negatively associated with the ESG disclosure. The company boards with more female directors disclose less ESG-related information under SASB framework.		en_US
dc.description.tableofcontents 第壹章 緒論 1
第一節 研究動機與目的. 1
第二節 研究議題 3
第三節 研究流程與架構 4
第貳章 文獻探討 5
第一節 企業社會責任與 ESG 概念發展 5
第二節 SASB 之發展 8
第三節 影響因素之文獻 11
第參章 研究方法 15
第一節 研究假說 15
第二節 實證模型及變數定義與衡量 17
第三節 樣本選取與研究資料來源 24
第肆章 實證結果分析 26
第一節 敘述性統計 26
第二節 相關係數矩陣分析 29
第三節 ESG 分數迴歸結果分析 31
第四節 ESG 評等迴歸結果分析 34
第五節 額外測試 37
第伍章 結論與建議 47
第一節 研究結論 47
第二節 研究限制與未來研究建議 49
參考文獻 50		zh_TW
dc.format.extent 2304558 bytes-
dc.format.mimetype application/pdf-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0109353042en_US
dc.subject (關鍵詞) 企業社會責任zh_TW
dc.subject (關鍵詞) ESGzh_TW
dc.subject (關鍵詞) SASBzh_TW
dc.subject (關鍵詞) ESG 揭露程度zh_TW
dc.subject (關鍵詞) Corporate social responsibilityen_US
dc.subject (關鍵詞) ESGen_US
dc.subject (關鍵詞) SASBen_US
dc.subject (關鍵詞) Degree of disclosure in ESGen_US
dc.title (題名) SASB 準則下 ESG 揭露程度之影響因素zh_TW
dc.title (題名) The Determinants of the Degree of ESG Disclosure under SASBen_US
dc.type (資料類型) thesisen_US
dc.relation.reference (參考文獻) Abeysekera, I. 2010. The influence of board size on intellectual capital disclosure by Kenyan listed firms. Journal of Intellectual Capital, 11(4): 504-518.
Ali, W., Wilson, J., and Husnain, M. 2022. Determinants/motivations of corporate social responsibility disclosure in developing economies: A survey of the extant literature. Sustainability (Switzerland), 14(6), 3474.
Alsaeed, K. 2006. The association between firm-specific characteristics and disclosure: the case of Saudi Arabia. Managerial Auditing Journal, 21(5): 476-496.
Andersona, R., Mansib, S.A. and Reeb, D.M. 2004. Board characteristics, accounting report integrity, and the cost of debt. Journal of Accounting and Economics, 37(3): 315-342.
Banno, F., and Trento. 2021. Women in top echelon positions and their effects on sustainability: a review, synthesis and future research agenda. Journal of Management and Governance, Advance online publicaton. Retrieved from https://doi.org/10.1007/s10997-021-09604-7.
Bilimoria, D., and Piderit, S.,K. 1994. Qualifications of corporate board committee Members. Group and Organisation Management, 19(3): 1453-1477.
Brammer, S., and Millington, A. 2006. Firm size, organizational visibility and corporate philanthropy: an empirical analysis. Business Ethics: A European Review, 15(1): 6-18.
Brammer, S., and Pavelin, S. 2008. Factors influencing the quality of corporate environmental is disclosure. Business Strategy and the Environment, 17(2): 120-136.
Branco, M., C., and Rodrigues, L., L. 2008. Factors influencing social responsibility disclosure by Portuguese companies. Journal of Business Ethics, 83 (4): 865-701.
Carter, D.,A., Simkins, B.,J., and Simpson, W.,G. 2003. Corporate governance, board diversity, and firm value. Financial Review, 38 (1): 33-53.
Chen, W., C., Lin, J., B., and Yi, B. 2008. CEO duality and firm performance – an endogenous issue. Corporate Ownership and Control, 6 (1): 58-65.
Child, J., and Tsai, T. 2005. The dynamic between firms` environmental strategies and institutional constraints in emerging economies: Evidence from China and Taiwan. Journal of Management Studies, 42 (1): 95-125.
Cowen, S., Ferreri, L., B., and Parker, L., D. 1987. The impact of corporate characteristics on social responsibility disclosure: a typology and frequency-based analysis. Accounting, Organisations and Society, 12 (2): 111-122.
Daily, C., M., and Dalton, D., R. 2003. Women in the boardroom: a business Imperative. Journal of Business Strategy, 24(5): 8-9.
Esa, E., and Ghazali, N., A. 2012. Corporate social responsibility and corporate governance in Malaysian government-linked companies. Corporate Governance, 12 (3): 292-305.
Gamerschlag, R., Möller, K., and Verbeeten, F. 2010. Determinants of voluntary CSR disclosure: empirical evidence from Germany. Review of Managerial Science, 5 (2): 233-262.
Haniffa, M., and Cooke, E. 2005. The impact of culture and corporate governance on corporate social reporting. Journal of Accounting and Public Policy, 24(5): 391-430.
Heinze. 1976. Financial correlates of a social involvement measure. Akron Business and Economic Review, 7(1): 48-51.
Ho, L.C. and Taylor, M.E. 2007. An empirical analysis of triple bottom-line reporting and its determinants: evidence from the United States and Japan. Journal of International Financial Management and Accounting, 18 (2): 123-150.
Kaymak, T., and Bektas, E. 2017, Corporate social responsibility and governance: information disclosure in multinational corporations. Corporate Social Responsibility and Environmental Management, 24 (6): 555-569.
Khan, M.H.U.Z. 2010. The effect of corporate governance elements on corporate social responsibility (CSR) reporting: empirical evidence from private commercial banks of Bangladesh. International Journal of Law and Management, 5(2): 82-109.
Khan, Z.S.S. 2021. Board Composition and Social and Environmental Accountability:A Dynamic Model Analysis of Chinese Firms. Sustainability, 13, article 10662.
Laksmana, I. 2008. Corporate board governance and voluntary disclosure of executive compensation practices. Contemporary Accounting Research, 25(4): 1147-1182.
Lang, M., and Lundholm, R. 1993. Cross-sectional determinants of analyst ratings of corporate disclosures. Journal of Accounting Research, 31(2): 246-271.
Liu, X., and Anbumozhi, V. 2009. Determinant factors of corporate environmental information disclosure: an empirical study of Chinese listed companies. Journal of Cleaner Production, 17(6): 593-600.
Meznar, M.B., and Nigh, D. 1995. Buffer or bridge? Environmental and organizational determinants of public affairs activities in American firms. Academy of Management Journal, 38(4): 975-996.
Mohd Ghazali, N.A. 2007. Ownership structure and corporate social responsibility disclosure:some Malaysian evidence. Corporate Governance, 7(3):251-266.
Muth, M.M., and Donaldson, L. 1998. Stewardship theory and board structure: a contingency approach. Corporate Governance: An International Review, 6(1): 5-28.
Ouimet, P., & Zarutskie, R. 2014. Who works for start-ups? The relation between firm age, employee age, and growth. Journal of Financial Economics, 112(3), 386-407.
Purushothaman, M., Tower, G., Hancock, R., and Taplin, R. 2000. Determinants of corporate social reporting practices of listed Singapore companies. Pacific Accounting Review, 12(2): 101-133.
Rahman, N.H.W.A., Zain, M.M., and Al-Haj, N.H.Y.Y. 2011. CSR disclosures and its determinants: evidence from Malaysian government link companies. Social Responsibility Journal, 7(2): 181-201.
Reverte, C. 2009. Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2): 351-366.
Rezaee, Z., Tuo, L. 2017. Voluntary disclosure of non-financial information and its association with sustainability performance. Advances in Accounting, 39:47-59.
Roberts, R.W. 1992. Determinants of corporate social responsibility: an application of stakeholder theory. Accounting, Organizations and Society, 17 (6):595-612.
Said, R., Zainuddin, Y.H. and Haron, H. 2009. The relationship between corporate social responsibility disclosure and corporate governance characteristics in Malaysian public listed companies. Social Responsibility Journal, 5(2): 212-226.
Siregar, S.V., and Bachtiar, Y. 2010. Corporate social reporting: empirical evidence from Indonesia stock exchange. International Journal of Islamic and Middle Eastern Finance and Management, 3(3): 241-252.
Uyar, A., Kuzey, C., Kilic, M., and Karaman, A. S. 2021. Board structure, financial performance, corporate social responsibility performance, CSR committee, and CEO duality: Disentangling the connection in healthcare. Corporate Social Responsibility and Environmental Management, 28: 1730– 1748.
Vafeas, N. 1999. Board meeting frequency and firm performance. Journal of Financial Economics, 53(1): 13-42.
Wang, J., and Coffey, B., S. 1992. Board composition and corporate philanthropy. Journal of Business Ethics, 11 (10): 771-778.
Webb, E. 2004. An examination of socially responsible firms’ board structure. Journal of Management and Governance, 8(3): 255-277.
Williams, R.J. 2003. Women on corporate boards of directors and their influence on corporate philanthropy. Journal of Business Ethics, 42(1): 1-10.
Zainon, S., Atan, R., Adzrin, R., Ahmad, R. and Wah, Y.B. 2012. Associations between organizational specific attributes and the extent of disclosure in charity annual returns. International Journal of Mathematical Models and Methods in Applied Sciences, 3(6): 482-489.
Zhang, J.Q., Zhu, H. and Ding, H.B. 2013. Board composition and corporate social responsibility: an empirical investigation in the post sarbanes-oxley era. Journal of Business Ethics, 114(3): 381-392.		zh_TW
dc.identifier.doi (DOI) 10.6814/NCCU202201389en_US