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系統識別號 U0026-0207201802130900
論文名稱(中文) Linkage between Corporate Social Responsibilities and Financial Performance in Shipping Industry
論文名稱(英文) Linkage between Corporate Social Responsibilities and Financial Performance in Shipping Industry
校院名稱 成功大學
系所名稱(中) 國際經營管理研究所
系所名稱(英) Institute of International Management
學年度 106
學期 2
出版年 107
研究生(中文) 游育瑋
研究生(英文) Suphathus Mekrangsiman
學號 Ra6057264
學位類別 碩士
語文別 英文
論文頁數 74頁
口試委員 指導教授-楊曉瑩
召集委員-張巍勳
口試委員-謝惠璟
中文關鍵字 none 
英文關鍵字 Corporate social responsibilities  Sustainability  Firms’ financial performance  Firms’ valuation  Sea transportation  Shipping industry  Container market  Bulk and Tanker market  Panel data regression  Maritime services model  Maritime regional model 
學科別分類
中文摘要 none
英文摘要 Findings in the various levels of linkage between corporate social responsibilities and firms' financial performance in different major kinds of shipping market can be helpful in improving effective decision-making of both capital investment and corporate finance. This research shows two main models for panel data regression analysis, namely, Maritime Service Model, and Maritime Regional Model. These models can distinguish the relationship between corporate social responsibilities and firms' financial performance in specific models of shipping industry. Results show that a company's involvement in CSR activities affects financial performance as current state (ROA, ROE) rather than financial performance as expected state (Tobin Q). In Maritime Service Model, container firms are considered to have strong positive significant impacts on firms’ financial performance. Similarly, in Maritime Regional Model, shipping companies in East Asia Pacific wherein most firms include container service have firmly positive significant relationship between CSR performing indicator and firm's financial performance. The research's distribution will give great benefits towards stock investor and manager between shipping industries since the results demonstrate the different levels of how shipping firms worldwide react to the increment of CSR activities with various approaches.
論文目次 ABSTRACT I
ACKNOWLEDGEMENTS III
TABLE OF CONTENTS IV
LIST OF TABLES VII
LIST OF FIGURES IX
CHAPTER ONE INTRODUCTION 1
1.1 Research Background. 1
1.2 Research Motivation. 2
1.3 Research Objective. 4
1.4 Research Gap. 5
CHAPTER TWO LITERATURE REVIEW 7
2.1 Shipping Industry and Development. 7
2.1.1 Shipping Industry and Economy. 7
2.1.2 Three Major Markets in Shipping Industry. 8
2.1.3 Shipping Industry Development. 9
2.2 Corporate Social Responsibility (CSR) and Firms’ Financial Performance. 12
2.2.1 Corporate Social Responsibility (CSR) Background. 12
2.2.2 CSR and Firm Performance in Shipping Industry. 13
2.3 CSR Contingency Theory on Firms’ Financial Performance. 15
CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY 17
3.1 Variables Selection. 17
3.1.1 Dependent Variables. 18
3.1.2 Independent Variables. 19
3.1.3 Control Variables. 20
3.2 Research Methodology and Regression Model. 21
3.2.1 Research Methodology. 21
3.2.2 Regression Models. 22
3.3 Data and Sample Sources. 25
CHAPTER FOUR RESEARCH RESULTS 29
4.1 Descriptive Statistics. 29
4.2 Correlation Analysis. 32
4.3 Multicolinearity Test. 43
4.4 Panel Data Regression Analysis. 44
4.4.1 Panel Data Regression Results for Firm’s ROA Financial Performance on the overall CSR performing Indicator (Based on Analyses of Both Maritime Service Model and Maritime Regional Model). 45
4.4.2 Panel Data Regression Results for Firm’s ROE Financial Performance on the Overall CSR Performing Indicator (Based on Analyses of Both Maritime Service Model and Maritime Regional Model). 48
4.4.3 Panel Data Regression Results for Firm’s Tobin Q Financial Performance on the overall CSR performing Indicator (Based on Analyses of Both Maritime Service Model and Maritime Regional Model). 51
4.4.4 Panel Data Regression Results for Firm’s ROA Financial Performance on the different measurements of CSR performing Indicator (Based on Analyses of Both Maritime Service Model and Maritime Regional Model). 54
4.4.5 Panel Data Regression Results for Firm’s ROE Financial Performance on the different measurements of CSR performing Indicator (Based on Analyses of Both Maritime Service Model and Maritime Regional Model). 58
4.4.6 Panel Data Regression Results for Firm’s Tobin Q Financial Performance on the different measurements of CSR performing Indicator (Based on Analyses of Both Maritime Service Model and Maritime Regional Model). 62
CHAPTER FIVE CONCLUSION AND SUGGESTIONS 66
5.1 Research Conclusion. 66
5.2 Research Contribution. 70
5.3 Research Limitation and Suggestion. 71
REFERENCES 72
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