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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 盧秋玲 | zh_TW |
| dc.contributor.advisor | Chiuling Lu | en |
| dc.contributor.author | 蕭羽平 | zh_TW |
| dc.contributor.author | Yu-Ping Hsiao | en |
| dc.date.accessioned | 2023-08-01T16:31:24Z | - |
| dc.date.available | 2023-11-10 | - |
| dc.date.copyright | 2023-08-01 | - |
| dc.date.issued | 2023 | - |
| dc.date.submitted | 2023-07-10 | - |
| dc.identifier.citation | 丁秀儀. (2009). 公司治理是否受到機構投資人的青睞. 管理學報, 26(3), 233-253.
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| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/88034 | - |
| dc.description.abstract | 本文以2020年至2022年TESG臺灣永續發展指標中受評之臺灣上市企業為研究樣本，總計共2745個觀察值，探討臺灣上市企業漂綠程度與權益資金成本、機構投資人持股之關聯。首先，研究發現，臺灣上市企業漂綠程度與權益資金成本不具有顯著關係，主要原因為投資大眾在無法辨別企業漂綠行為之下，亦難以整合多方來源、多元內容的ESG資訊，且臺灣上市企業ESG揭露分數差異甚小，因此難以差異化反映於權益資金成本中。而研究更進一步揭示，企業是否為臺灣永續指數成分股對於企業漂綠程度與權益資金成本具有顯著正向調節效果，即表示當企業為成分股時，投資大眾可聚焦並辨識出企業漂綠行為，而進一步將其中之風險反映於投資報酬率中。再者，研究結果顯示臺灣企業漂綠程度與機構投資人持股比例呈現顯著正相關，而研究亦推論無論機構投資人是否能察覺企業正在漂綠，機構投資人皆有誘因對漂綠程度高的公司增加持股。 | zh_TW |
| dc.description.abstract | This study examines the association between the degree of greenwashing, cost of equity, and institutional ownership using a sample of listed companies in Taiwan that were assessed for their ESG performance from 2020 to 2022. The sample consists of 2,745 observations. The findings suggest that there is no significant relationship between the degree of greenwashing and the cost of equity for listed companies in Taiwan. This is mainly attributed to the difficulty for investors to distinguish greenwashing behavior and integrate ESG information from multiple sources and diverse content. Furthermore, the study reveals that being included in the Taiwan Sustainable Index has a significant positive moderating effect on the relationship between greenwashing degree and cost of equity. When companies are included in the index, investors can focus on and identify greenwashing behavior, thereby reflecting the associated risks in investment returns. Additionally, the results show a significant positive correlation between the degree of greenwashing and institutional ownership proportion in Taiwan companies. This implies that institutional investors have an incentive to increase their holdings in companies with a higher degree of greenwashing, regardless of their ability to detect the greenwashing behavior. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2023-08-01T16:31:24Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2023-08-01T16:31:24Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 目錄 I
表目錄 III 圖目錄 IV 誌謝 V 摘要 VI ABSTRACT VII 第壹章、緒論 1 第貳章、文獻回顧與假說建立 5 一、企業漂綠議題 5 二、ESG、權益資金成本之關係與漂綠議題假說建立 7 三、ESG、機構投資人持股比例之關係與漂綠議題假說建立 8 四、調節效果—是否為臺灣永續指數成分股與漂綠程度之效果 10 第參章、研究方法與樣本選取 12 一、資料來源與研究樣本 12 二、實證模型與變數衡量 13 第肆章、實證結果與分析 25 一、敘述統計 25 二、主要變數的相關性分析 25 三、迴歸結果分析 30 第伍章、結論 39 一、企業漂綠程度與權益資金成本關係之迴歸結果 39 二、企業漂綠程度與機構投資人持股比例之迴歸結果 41 三、研究價值與政策意涵 42 四、研究限制與未來研究建議 43 參考文獻 45 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | 權益資金成本 | zh_TW |
| dc.subject | 機構投資人 | zh_TW |
| dc.subject | 永續指數成分股 | zh_TW |
| dc.subject | ESG | zh_TW |
| dc.subject | 臺灣企業漂綠行為 | zh_TW |
| dc.subject | institutional investors | en |
| dc.subject | cost of equity capital | en |
| dc.subject | Greenwashing behavior | en |
| dc.subject | Taiwan Sustainable Index constituents | en |
| dc.subject | ESG | en |
| dc.title | 臺灣企業漂綠行為與權益資金成本及機構投資人持股分析 | zh_TW |
| dc.title | Greenwashing Degree, Cost of Equity, and Institutional Ownership: Evidence from Listed Companies in Taiwan | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 111-2 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 莊文議;張元晨 | zh_TW |
| dc.contributor.oralexamcommittee | Wen-I Chuang;Yuan-Chen Chang | en |
| dc.subject.keyword | 臺灣企業漂綠行為,權益資金成本,機構投資人,永續指數成分股,ESG, | zh_TW |
| dc.subject.keyword | Greenwashing behavior,cost of equity capital,institutional investors,Taiwan Sustainable Index constituents,ESG, | en |
| dc.relation.page | 49 | - |
| dc.identifier.doi | 10.6342/NTU202301455 | - |
| dc.rights.note | 未授權 | - |
| dc.date.accepted | 2023-07-11 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 國際企業學系 | - |
| 顯示於系所單位： | 國際企業學系 | |
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