21世紀企業將面臨永續發展的經濟型態，企業為了提升自身競爭力，則必須承擔日漸受到重視之社會責任，因此，企業社會責任之揭露日益重要。本研究以台灣資訊電子業上市公司為研究對象，採用 Ohlson (1995) 股權評價模式進行分析，旨在探討公司揭露企業社會責任對會計資訊之價值攸關性。實證結果顯示：(1) 台灣資訊電子業上市公司揭露企業社會責任，對其股價具有調節的影響效果；(2) 台灣揭露企業社會責任的資訊電子業上市公司，其盈餘的價值攸關性相對較高；(3) 台灣資訊電子業上市公司揭露企業社會責任，其帳面價值與盈餘間之價值攸關性具替代關係。

The enterprises must undertake the corporate social responsibility (CSR) to promote their competitive power in 21 century. Thus, it is getting more and more important to disclose CSR. This study applies Ohlson’s (1995) valuation model as an analyzing tool and uses a sample of listed companies in electronic sector in Taiwan Stock Exchange Market to investigate the relationship between the disclosure CSR and the accounting information. Our findings indicate that: (1) the enterprises which disclosed CSR in the electronic industry in Taiwan have moderating effects on equity market value. (2) The enterprises which disclosed CSR in the electronic industry in Taiwan are also accompanied with the higher value-relevance of EPS. (3) There is a trade-off between earning and book value of equity, when the enterprises of the electronic industry in Taiwan disclose CSR.