The samples of the
study were collected from 387 Taiwan's listed group conglomerates from 2010 to
2023, to investigate the mediating effect of corporate social responsibility,
and to verify the impact of group enterprises board characteristics and family
holdings on operating performance. Using the two-stage least squares method to
estimate the simultaneous equations models and to establish the analyses: (1)
Board characteristics of group enterprises affect corporate social
responsibility. (2) Family holdings in group enterprises affect corporate
social responsibility. (3) Group corporate social responsibility positively
affects operating performance. (4) Board characteristics of group enterprises
exert its influence on operating performance. (5) Family holdings in group
enterprises influence operating performance. According to the definition of
Corporate Social Responsibility by the World Business Council for Sustainable
Development, it is emphasized that while contributing to economic development,
enterprises need to commit to strictly abiding by ethical norms proactively. To
improve employees’ quality of life, as well as their families; to ameliorate
living standards in local community, or even society; enterprises take
sustainable management as their core goal, which also echoes the empirical
results of the study. Using the mediating effect of corporate social
responsibility to study the impact of group enterprises board characteristics
and family holdings on operating performance.
