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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 吳淑鈴 | zh_TW |
| dc.contributor.advisor | Shu-Ling Wu | en |
| dc.contributor.author | 林宗漢 | zh_TW |
| dc.contributor.author | Zong-Han Lin | en |
| dc.date.accessioned | 2026-01-13T16:11:07Z | - |
| dc.date.available | 2026-01-14 | - |
| dc.date.copyright | 2026-01-13 | - |
| dc.date.issued | 2026 | - |
| dc.date.submitted | 2026-01-01 | - |
| dc.identifier.citation | Acharya, V. V., & Volpin, P. F. (2010). Corporate governance externalities. Review of Finance, 14(1), 1-33.
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Starks, Laura T. and Venkat, Parth and Zhu, Qifei, Corporate ESG Profiles and Investor Horizons (October 9, 2017). Forthcoming, Journal of Finance, Available at SSRN: https://ssrn.com/abstract=3049943 or http://dx.doi.org/10.2139/ssrn.3049943 Yan, X., & Zhang, Z. (2009). Institutional investors and equity returns: are short-term institutions better informed?. The Review of Financial Studies, 22(2), 893-924. | - |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/101276 | - |
| dc.description.abstract | 本研究旨在探討專注型機構投資人對企業採用 ESG 連結薪酬制度之影響。本文以 2018 至 2023 年美國上市公司為研究對象，採用羅吉斯迴歸模型進行實證分析。結果顯示，專注型機構投資人持股比例與企業採用 ESG 連結薪酬制度之可能性呈正向關聯性。此外，本研究發現，當該公司的專注型投資人之其他持股企業已導入 ESG 連結薪酬時，會增加專注型機構投資人持股比例與ESG連結薪酬之正向關聯性，證明專注型機構投資人共同持投的資訊外溢效果。進一步分析發現，專注型特質中以持股集中度所帶來的監督效果較持股期間更為顯著，顯示集中持股為推動企業 ESG 薪酬設計之關鍵。整體而言，本研究補充了外部治理機制與薪酬設計之文獻，並對企業規劃高階主管薪酬制度提供實務啟示。 | zh_TW |
| dc.description.abstract | This study examines how dedicated institutional investors influence firms’ adoption of ESG-linked pay. Using a sample of U.S. listed firms from 2018 to 2023, the results from logistic regressions show that greater dedicated institutional ownership is significantly associated with a higher likelihood of adopting ESG-linked pay. This study also finds that the positive relation between dedicated investor ownership and the adoption of ESG-linked pay is more pronounced when other holding companies of the firm’s dedicated investor also adopt ESG-linked pay. This result suggests the spillover effects arising from dedicated investors’ common ownership. Moreover, further analyses reveal that holding concentration, rather than portfolio turnover, is the primary driver of the monitoring effectiveness of dedicated institutional investors. Overall, this study contributes to the literature on external governance mechanisms and incentive design and provides practical implications for firms in designing executive compensation schemes and for investors in formulating sustainable investment strategies. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2026-01-13T16:11:07Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2026-01-13T16:11:07Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 誌謝 i
摘要 ii Abstract iii 目次 iv 表次 vi 第一章 緒論 1 第二章 文獻探討與假說發展 4 第一節 機構投資人分類及其公司治理效果 4 第二節 ESG 連結薪酬 7 第三節 假說發展 9 第三章 研究設計 12 第一節 樣本選擇與資料蒐集 12 第二節 實證模型與變數定義 15 一、專注型機構投資人對 ESG 連結薪酬之影響 15 二、專注型機構投資人共同持股的其他企業之影響 22 第四章 實證結果與分析 27 第一節 敘述性分析 27 第二節 相關係數分析 32 第三節 實證結果 36 第四節 額外測試 39 一、變數定義 39 二、模型設計 42 三、實證結果 43 第五章 研究結論與建議 47 第一節 研究發現 47 第二節 研究限制與建議 48 參考文獻 50 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | 機構投資人 | - |
| dc.subject | 專注型機構投資人 | - |
| dc.subject | ESG 連結薪酬 | - |
| dc.subject | 公司治理 | - |
| dc.subject | 高階經理人薪酬 | - |
| dc.subject | 共同持股 | - |
| dc.subject | Institutional Investors | - |
| dc.subject | Dedicated Institutional Investors | - |
| dc.subject | ESG-linked Pay | - |
| dc.subject | Corporate Governance | - |
| dc.subject | Executive Compensation | - |
| dc.subject | Common Ownership | - |
| dc.title | 專注型機構投資人與 ESG 連結薪酬關聯性之探討 | zh_TW |
| dc.title | Dedicated Institutional Investors and ESG-linked Pay | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 114-1 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 廖芝嫻;林玉君 | zh_TW |
| dc.contributor.oralexamcommittee | Chih-Hsien Liao;Yu-Chun Lin | en |
| dc.subject.keyword | 機構投資人,專注型機構投資人ESG 連結薪酬公司治理高階經理人薪酬共同持股 | zh_TW |
| dc.subject.keyword | Institutional Investors,Dedicated Institutional InvestorsESG-linked PayCorporate GovernanceExecutive CompensationCommon Ownership | en |
| dc.relation.page | 55 | - |
| dc.identifier.doi | 10.6342/NTU202600004 | - |
| dc.rights.note | 同意授權(全球公開) | - |
| dc.date.accepted | 2026-01-02 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 會計學系 | - |
| dc.date.embargo-lift | 2026-01-14 | - |
| 顯示於系所單位： | 會計學系 | |
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