近年來，企業社會責任(CSR)越來越備受重視。國外對於企業社會責任發展已越趨成熟，國內則在近十年來蓬勃發展。透過天下雜誌「企業公民」、遠見雜誌「企業社會責任」推廣之下，許多企業爭相報名參與評選。本研究主要探討三個部分：其一，CSR得獎企業是否有較好之財務績效表現；其二，CSR得獎企業是否有較合理的員工薪資、較穩定的人事流動以及性別多元的董監事結構；其三，CSR得獎企業是否在社會表現上，有較積極之捐贈活動及較少之企業違法事項。以上針對CSR得獎企業之探討，除了印證過去實證結果之外，針對非財務績效部分有較大篇幅之探討，亦針對實質表現上多考量「企業違法事項」的因素進行驗證，期望以更多層面審視CSR得獎企業，藉此反映出較真實之情況。本研究針對天下雜誌提供之得獎資訊，樣本期間為2007年至2017年。利用當年度得獎之CSR企業及非得獎企業進行比較，並進一步分類為電子業、金融業及其他產業進行綜合比較。研究發現:（1）CSR得獎公司有較高之稅後淨利；（2）CSR得獎公司反而女性董監事比例較低；高管基層薪資差異過大及離職人數過多之傾向；（3）CSR得獎企業雖有較多之捐贈活動，但近年來企業違法情形也有漸增之趨勢。

Recently, Corporate Social Responsibility (CSR) has become more and more important. The development of Corporate Social Responsibility in foreign countries has become more mature than before. On the other hand, some of related issues have flourished in the past decade in Taiwan. Through the promotion of the CommonWealth Magazine “Corporate Citizenship” and the “Corporate Social Responsibility” of the Global Views Monthly, many companies competed for CSR awards. Given the development of CSR in Taiwan, this study mainly addresses in three questions. First, do CSR award-winning companies have better financial performance? Second, do CSR award-winning companies have more reasonable employee salaries, more stable personnel turnover, and more gender-diversified board? Third, do CSR award-winning companies donate more frequently and less likely to violate the law?
To answer these questions, we aim at the information of CSR awards provided by CommonWealth Magazine. The sample period is from 2007 to 2017. We comprehensively compare the award-winning CSR companies and non-prize-winning companies for various dimensions, including financial performance, non-financial performance, and social performance. The empirical finding show that: (1) CSR award-winning companies have the higher net profit after taxes; (2) the proportion of female directors and supervisors is lower in CSR award-winning companies; there is a tendency for executives to have excessive pay differentials at the grass-roots level and the number of quitting employees; (3) although CSR award-winning companies donate more frequently, the number of violations is also increasing in recent years. In sum, we suggest that the winning companies of the CSR awards do not seem to be entirely worthy of the fame.

第一章 緒論 1
1.1研究動機與目的 1
第二章 文獻探討與假說發展 3
2.1.國內企業社會責任發展現況 3
2.2.國外企業社會責任文獻探討 3
2.3.推論建立 4
2.3.1企業社會責任與財務性績效 4
2.3.2企業社會責任與非財務性績效 4
2.3.3企業社會責任與社會表現 5
第三章 研究設計 7
3.1.變數衡量 7
3.1.1 應變數 7
3.1.2 自變數 8
3.1.3 控制變數 8
3.2.實證模型 9
第四章 樣本選取 11
4.1.樣本來源 11
第五章 實證結果與分析 13
5.1.敘述性統計量 13
5.2.單變量檢定 14
5.3.迴歸實證結果 17
5.3.1企業社會責任與公司財務績效 17
5.3.2企業社會責任與非公司財務績效 18
5.3.3企業社會責任與社會表現 19
5.4.強度測試 20
5.4.1分割樣本比較 20
5.4.2產業分類及分割樣本綜合比較 22
5.4.3剔除興櫃及F公司之綜合比較 25
第六章 結論與建議 29
6.1.研究結論 29
6.2.研究限制及未來研究建議 30
參考文獻 31

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