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博碩士論文 etd-0702123-215111 詳細資訊
Title page for etd-0702123-215111
論文名稱
Title
TESG指標與台灣上市公司的績效關係
The Relationship between TESG and the Performance of Companies in Taiwan
系所名稱
Department
畢業學年期
Year, semester
語文別
Language
學位類別
Degree
頁數
Number of pages
42
研究生
Author
指導教授
Advisor
召集委員
Convenor
口試委員
Advisory Committee
口試日期
Date of Exam
2023-05-30
繳交日期
Date of Submission
2023-08-02
關鍵字
Keywords
企業績效、企業社會責任評級、企業社會責任、責任投資、永續
ESG, ESG Rating, Social Responsibility, Responsible Investment, Sustainability
統計
Statistics
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The thesis/dissertation has been browsed 64 times, has been downloaded 0 times.
中文摘要
  本文探討TEJ研發的TESG指標與台灣上市公司的績效之關係,以2015-2020年的TESG分數為自變數,以Tobin Q、股價報酬率、ROE、ROA等財務指標為因變數。研究結果發現,TESG指標等級與Tobin’s Q、ROE正相關,顯示具有較佳ESG表現的企業,有較高的企業績效。但在個別指標對公司的財務表現,環境指標對ROE和 ROA有正面影響。社會指標沒有顯著影響。治理指標對Tobin’s Q正相關,對ROI和ROE負相關。樣本中有18家屬於科技業,進一步探討ESG對科技業的影響,發現TESG對Tobin's Q有顯著的正相關。環境表現對ROE和ROA有積極影響。科技公司治理表現對Tobin's Q有積極影響,但對ROI和ROE有負面影響。研究貢獻為研究TEJ發布適用於台灣市場的ESG量化指標,去實證ESG與企業績效關係,對於投資人、金融機構、企業管理者等利害關係人更客觀的量化資料來預測企業績效。
Abstract
This study aims to examine the link between the performance of Taiwanese-listed firms and the TESG indicators created by the Taiwan Economic Journal (TEJ). A regression analysis was conducted using the TESG scores from 2015 to 2020 as the independent factors. The dependent variables are financial indices like Tobin's Q, ROI, ROE, and ROA. The dependent variables are financial indices like Tobin's Q, ROI, ROE, and ROA. It was demonstrated that the TESG positively correlated with Tobin's Q as well as ROE. For each indicator, the environmental indicator has a positive correlation with ROE and ROA. Social indicators have no significant impact. Governance indicators are positively correlated to Tobin's Q and negatively correlated to ROI and ROE. There are 18 companies in the sample that belong to the technology industry. Further exploring the impact of ESG on the technology industry Tobin’s Q is significantly improved by TESG. ROE and ROA are influenced positively by ENV. Tobin's Q is positively influenced by governance. However, GOV has a negative impact on ROI and ROE. The contribution of this study is to examine the quantitative TESG for the Taiwan market and to provide more objective quantitative information for investors and stakeholders to predict corporate performance.
目次 Table of Contents

Table of contents
論文審定書 i
摘要 ii
Abstract iii
Table Index v
1. Introduction 1
1.1 Background 1
1.2 Research Problem and Questions 2
1.3 Framework 2
2. Literature Review 4
2.1 ESG and Corporate Performance 4
3. Methodology 12
3.1 Research Design and Approach 12
3.2 Data Collection and Sampling 13
4. Results 18
4.1 Descriptive Statistics, Inferential Statistics, and Findings 18
4.2 The Association between TESG and Corporate Performance 23
5. Conclusion 32
5.1 Concluding Remarks and Implications 32
5.2 Limitations and Suggestions for Improvement 33
References 34
參考文獻 References
References
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