此次研究以2015到2021年台灣上市及上櫃公司為樣本，檢視企業社會責任績效(ESG)和財務績效及信用評等（ROA、ROE、Tobin’sQ及信用評等）間的關係，並進一步探討高科技電子產業是否因為較佳之ESG績效而有更好之財務績效及信用評等。
實證結果顯示ESG績效愈好則財務績效及信用評等愈佳均達顯著水準，其中電子產業在ROA、Tobin's Q及信用評顯著優於非電子業，ROE則未達顯著水準，推測其可能原因為，平均而言電子業負債比率低於非電子業，故較少使用權益乘數來提升ROE，惟電子產業確實能因為較佳的ESG績效，而有更佳的財務績效與信用評等均達顯著水準，顯示有較佳ESG績效的電子產業確實有更佳之財務績效及信用評等。

This study explores the relationship between corporate ESG performance and financial performance and credit ratings (ROA, ROE, Tobin'sQ and credit ratings, etc.) from 2015 to 2021, and further explores whether the high-tech electronics industry has better financial performance and credit ratings due to better ESG performance.
The empirical results show that the better the ESG performance, the better the financial performance and credit rating have reached a significant level, among which the electronics industry is significantly better than the non-electronics industry in ROA, Tobin's Q and credit rating, and the ROE is not at a significant level, it is speculated that the possible reason is that, the debt ratio of the electronics industry is lower than that of the non-electronics industry on average, so the equity multiplier is less used to improve ROE, but the electronics industry can indeed achieve a significant level of better financial performance and credit rating due to better ESG performance. It means that electronics industries show better ESG performance does have better financial performance and credit ratings.

目錄
學位論文審定書.......................................................i
中文摘要 ............................................................ii
英文摘要 ...........................................................iii
第一章 緒論 ..........................................................1
第一節 研究背景 ..................................................1
第二節 研究動機...................................................2
第三節 研究問題 ..................................................3
第二章 文獻回顧與假說建立 ............................................5
第一節 上市櫃永續報告書作業辦法與揭露演進歷程 ....................5
第二節 GRI、SASB、TCFD、TESG準則說明 ............................11
第三節 公司治理、CSR與企業績效及資金成本或信用評等相關文獻 ......18
第四節 ESG和SASB與企業財務績效、資金成本或信用評等相關文獻 .....19
第五節 研究假說建立 .............................................20
第三章 研究方法 .....................................................21
第一節 資料來源與樣本選擇 .......................................21
第二節 變數定義 .................................................23
第三節 實證模型 .................................................26
第四章 實證結果與分析 ...............................................27
第一節 敘述統計 .................................................27
第二節 相關係數 .................................................29
第三節 實證結果分析 .............................................29
第五章 結論與建議 ...................................................34
第一節 研究結論..................................................34
第二節 研究限制與建議 ...........................................35
參考文獻 ............................................................37
附錄 ................................................................42

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