請用此 Handle URI 來引用此文件：
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/96638完整後設資料紀錄
| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 連勇智 | zh_TW |
| dc.contributor.advisor | Yung-Chih Lien | en |
| dc.contributor.author | 李姿穎 | zh_TW |
| dc.contributor.author | Tzu-Ying Lee | en |
| dc.date.accessioned | 2025-02-20T16:19:14Z | - |
| dc.date.available | 2025-02-21 | - |
| dc.date.copyright | 2025-02-20 | - |
| dc.date.issued | 2024 | - |
| dc.date.submitted | 2025-01-11 | - |
| dc.identifier.citation | Clark, G. L., Feiner, A., & Viehs, M. (2015). From the stockholder to the stakeholder: How sustainability can drive financial outperformance.University of Oxford and Arabesque Partners.
Eccles, R. G., Ioannou, I., & Serafeim, G. (2014). The impact of corporate sustainability on organizational processes and performance. Management Science, 60(11), 2835-2857. Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: aggregated evidence from more than 2000 empirical studies. Journal of Sustainable Finance & Investment, 5(4), 210-233. Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate social and financial performance: A meta-analysis. Organization Studies, 24(3), 403-441. Nollet, J., Filis, G., & Mitrokostas, E. (2016). Corporate social responsibility and financial performance: A non-linear and disaggregated approach. Economic Modelling, 52, 400-407. Lu, J. W., & Beamish, P. W. (2004). International diversification and firm performance: The S-curve hypothesis. Academy of Management Journal, 47(4), 598-609. Gaur, A. S., & Kumar, V. (2009). International diversification, business group affiliation and firm performance: Empirical evidence from India. British Journal of Management, 20(2), 172-186. Kogut, B., & Singh, H. (1988). The effect of national culture on the choice of entry mode. Journal of International Business Studies, 19(3), 411-432. Rugman, A. M., & Verbeke, A. (2004). A perspective on regional and global strategies of multinational enterprises. Journal of International Business Studies, 35(1), 3-18. Attig, N., Boubakri, N., El Ghoul, S., & Guedhami, O. (2016). Firm Internationalization and Corporate Social Responsibility. Journal of Business Ethics, 134(2), 794-816. Cherkasova, V., & Nenuzhenko, I. (2022). Investment in ESG Projects and Corporate Performance of Multinational Companies. Journal of Economic Integration, 37(1), 54-92. Bansal, P. (2005). Evolving sustainably: A longitudinal study of corporate sustainable development. Strategic Management Journal, 26(3), 197-218. Flammer, C. (2015). Does corporate social responsibility lead to superior financial performance? A regression discontinuity approach. Management Science, 61(11), 2549-2568. Wang, Q., Dou, J., & Jia, S. (2016). A meta-analytic review of corporate social responsibility and corporate financial performance: The moderating effect of contextual factors. Business & Society, 55(8), 1083-1121. Khan, M., Serafeim, G., & Yoon, A. (2016). Corporate sustainability: First evidence on materiality. The Accounting Review, 91(6), 1697-1724. Albertini, E. (2013). Does environmental management improve financial performance? A meta-analytical review. Organization & Environment, 26(4), 431-457. Brown, L. D., & Caylor, M. L. (2006). Corporate governance and firm valuation. Journal of Accounting and Public Policy, 25(4), 409-434. Margolis, J. D., Elfenbein, H. A., & Walsh, J. P. (2009). Does it pay to be good...and does it matter? A meta-analysis of the relationship between corporate social and financial performance. Social Science Research Network. Aggarwal, R., Erel, I., Stulz, R. M., & Williamson, R. (2009). Differences in governance practices between U.S. and foreign firms: Measurement, causes, and consequences. Review of Financial Studies, 22(8), 3131-3169. Hart, S. L., & Ahuja, G. (1996). Does it pay to be green? An empirical examination of the relationship between emission reduction and firm performance. Business Strategy and the Environment, 5(1), 30-37. Park, S. H. (2009). The role of social responsibility in international expansion: The case of multinationals from emerging economies. Journal of Business Ethics, 87(S1), 43-52. Titman, S., & Wessels, R. (1988). The determinants of capital structure choice. Journal of Finance, 43(1), 1-19. Becker, B. E., & Gerhart, B. (1996). The impact of human resource management on organizational performance: Progress and prospects. Academy of Management Journal, 39(4), 779-801. Hitt, M. A., Hoskisson, R. E., & Kim, H. (1997). International diversification: Effects on innovation and firm performance in product-diversified firms. Academy of Management Journal, 40(4), 767-798. Liang, L., Msaad, H., Sun, H., Tan, M., Lu, Y., & Lau, A. (2020). Green Innovation and Business Sustainability: New Evidence from Energy Intensive Industry in China. International Journal of Environmental Research and Public Health, 17(21), 7826. Xu, H., Taute, H. A., Dishman, P., & Guo, J. (2015). Examining Causal Relationships among International Experience, Perceived Environmental Uncertainty, Market Entry Mode, and International Performance. International Marketing Review, 26, 612-629. | - |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/96638 | - |
| dc.description.abstract | 本研究探討台灣上市上櫃公司ESG評分（環境、社會、公司治理）對公司績效的影響，並分析國際化程度的調節作用。利用2016至2022年的台灣經濟新報資料庫（TEJ）數據，採用多元回歸和Panel數據分析方法，結果顯示環境和社會分數對總資產報酬率（ROA）和股東權益報酬率（ROE）影響不顯著，但對Tobin's Q有正向影響。公司治理分數對ROA無顯著影響，但對ROE和Tobin's Q有正向影響。
此外，研究結果顯示國際化程度顯著調節了ESG評分對公司績效的影響。當外銷值的增加會增強ESG評分對公司績效的負面影響，反之亦然，特別是在Tobin's Q方面之影響。這可能是因為高外銷比例的公司如果已經在國際市場上取得成功，則 ESG 分數的提升對其市場價值的增益效果較小。 | zh_TW |
| dc.description.abstract | This study investigates the impact of ESG scores (environmental, social, and governance) on the performance of listed companies in Taiwan and analyzes the moderating role of internationalization. Using data from the Taiwan Economic Journal (TEJ) database for the period 2016 to 2022, the study employs multiple regression and panel data analysis methods. The results show that environmental and social scores do not significantly affect the return on assets (ROA) and return on equity (ROE), but they have a positive impact on Tobin's Q. Governance scores do not significantly affect ROA, but they positively impact ROE and Tobin's Q.
Additionally, the results indicate that the degree of internationalization significantly moderates the impact of ESG scores on company performance. Increased export values enhance the negative impact of ESG scores on company performance and vice versa, especially regarding Tobin's Q. This may be because companies with a high export ratio that have already succeeded in international markets see a smaller incremental effect on market value from improved ESG scores. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2025-02-20T16:19:14Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2025-02-20T16:19:14Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 中文摘要 II
Abstract III 目次 IV 表次 V 第一章 緒論 1 第一節 研究背景與動機 1 第二節 研究目的 3 第三節 研究流程 4 第二章 文獻探討與假說推論 6 第一節 ESG 分數與公司績效 6 第二節 國際化程度與公司績效 8 第三節 ESG 分數與國際化程度的交互作用 9 第四節 假說推論 11 第三章 研究方法 13 第一節 研究樣本與資料來源 13 第二節 研究變數定義與衡量 13 第三節 實證模型 22 第四節 分析方法與工具 22 第四章 實證結果 26 第一節 敘述性統計 26 第二節 相關性係數分析 29 第三節 實證結果分析 31 第五章 結論 36 參考文獻 38 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | 公司績效 | zh_TW |
| dc.subject | 企業國際化 | zh_TW |
| dc.subject | 交互作用 | zh_TW |
| dc.subject | ESG | zh_TW |
| dc.subject | 企業社會責任 | zh_TW |
| dc.subject | Corporate Internationalization | en |
| dc.subject | Corporate Social Responsibility | en |
| dc.subject | ESG | en |
| dc.subject | Interaction Effect | en |
| dc.subject | Company Performance | en |
| dc.title | ESG評分對公司績效的影響：公司國際化程度的交互作用之分析 | zh_TW |
| dc.title | Impact of ESG Ratings on Corporate Performance: Analysis of the Interactive Effects of the Degree of Internationalization | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 113-1 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 葉志權;李彥賢 | zh_TW |
| dc.contributor.oralexamcommittee | Chih-Chuan Ye;Yen-Hsien Li | en |
| dc.subject.keyword | 企業社會責任,ESG,交互作用,公司績效,企業國際化, | zh_TW |
| dc.subject.keyword | Corporate Social Responsibility,ESG,Interaction Effect,Company Performance,Corporate Internationalization, | en |
| dc.relation.page | 40 | - |
| dc.identifier.doi | 10.6342/NTU202500077 | - |
| dc.rights.note | 同意授權(限校園內公開) | - |
| dc.date.accepted | 2025-01-13 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 國際企業學系 | - |
| dc.date.embargo-lift | 2027-01-10 | - |
| 顯示於系所單位： | 國際企業學系 | |
文件中的檔案：
| 檔案 | 大小 | 格式 | |
|---|---|---|---|
| ntu-113-1.pdf 未授權公開取用 | 807.67 kB | Adobe PDF | 檢視/開啟 |
系統中的文件，除了特別指名其著作權條款之外，均受到著作權保護，並且保留所有的權利。