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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 陳思帆 | zh_TW |
| dc.contributor.advisor | Szu-fan Chen | en |
| dc.contributor.author | 廖瓊禎 | zh_TW |
| dc.contributor.author | Chiung-Chen Liao | en |
| dc.date.accessioned | 2024-01-26T16:13:12Z | - |
| dc.date.available | 2024-01-27 | - |
| dc.date.copyright | 2024-01-26 | - |
| dc.date.issued | 2024 | - |
| dc.date.submitted | 2024-01-15 | - |
| dc.identifier.citation | 工商時報名家評論，2019，ESG的過去、現在與將來，網址：https://view.ctee.com.tw/business/12129.html
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| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/91374 | - |
| dc.description.abstract | 本研究旨在探討企業ESG表現與企業經理人薪酬之關聯性以及因果關係。研究使用台灣經濟新報(TEJ)資料庫中2014年至2019年的上市櫃公司資料，以經理人平均薪酬衡量經理人薪酬變數，並將ESG表現區分為兩種類型：以TWSE公司治理評鑑作為「表面ESG評分」的指標，以及以MSCI ESG指數作為「實際ESG表現」的指標。結果顯示，「表面ESG評分」與「經理人薪酬」呈現顯著正相關並具有因果關係，當TWSE評分較高時，企業經理人薪酬也較高，且評分變動與薪酬變動呈正向關係。然而，「實際ESG表現」與「經理人薪酬」之間則未呈現顯著關係，亦無因果關係。
本研究結果顯示，在臺灣企業中，經理人薪酬的決定較偏向於採用「表面ESG評分」而非「實際ESG表現」，其原因可能是因為TWSE評鑑較容易受到企業操控。本研究結果對於ESG評分與經理人薪酬的相互關係提供了實證依據。 | zh_TW |
| dc.description.abstract | The purpose of this study is to investigate the association and the potential causal relation between corporate ESG performance and executive compensation. The study uses data from the Taiwan Economic Journal (TEJ) database and examines TWSE-listed companies between 2014 and 2019. Financial institutions are excluded. This study uses the average compensation of top executives as the measure of executive pay and classify ESG measures into two types: "superficial ESG performance" as measured by the TWSE corporate governance evaluation results, and "actual ESG performance" as measured by the MSCI ESG index. Empirical results show a significantly positive correlation between "superficial ESG performance" and executive compensation. Further change analysis shows that an increase in superficial ESG performance is followed by an increase in executive compensation. In contrast, no statistically significant association is observed between "actual ESG performance" and executive compensation.
The findings suggest that in Taiwanese companies, executive compensation is tied to widely observable and potentially easier to manipulate ESG scores rather than the firm’s actual ESG performance. The empirical evidence of this study sheds new light on the relation between corporate ESG performance and executive compensation. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2024-01-26T16:13:12Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2024-01-26T16:13:12Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 【目次】
摘要 i Abstract ii 目次 iii 表次 iv 圖次 iv 壹、緒論 1 貳、文獻回顧與假說發展 4 第一節 ESG/CSR 4 第二節 TWSE公司治理評鑑 5 第三節 MSCI ESG指數 6 第四節 經理人薪酬與ESG/CSR之關聯 8 參、研究方法 11 第一節 資料來源與樣本選取 11 一、資料來源與樣本期間 11 二、樣本選取 11 第二節 實證模型與變數定義 14 一、實證模型 14 二、變數定義 17 肆、實證結果 22 第一節 敘述性統計 22 一、TWSE公司治理評鑑 22 二、MSCI ESG評分 23 第二節 相關係數分析 25 第三節 迴歸結果分析 27 伍、結論與建議 35 第一節 結論 35 第二節 研究限制與建議 36 陸、參考文獻 37 【表次】 表 3-1 TWSE公司治理評鑑樣本篩選 12 表 3-2 TWSE公司治理評鑑樣本分布 12 表 3-3 MSCI ESG評分樣本篩選 13 表 3-4 MSCI ESG評分樣本分布 13 表 3-5 TWSE公司治理評鑑評分等級轉換分樹表 17 表 3-6 經理人薪酬與TWSE公司治理評鑑對應之年份表 18 表 3-7 MSCI ESG指數等級轉換分數表 18 表 3-8 經理人薪酬變化與TWSE公司治理評鑑變化對應之年份表 20 表 4-1 TWSE公司治理評鑑敘述統計表 23 表 4-2 MSCI ESG評分敘述統計表 24 表 4-3 相關係數表(N=6,139) 26 表 4-4 實證結果-假說一 28 表 4-5 實證結果-假說二 30 表 4-6 實證結果-假說三 32 表 4-7 實證結果-假說四 34 【圖次】 圖 3-1 TWSE公司治理評鑑與經理人薪酬決定時間表 17 圖 3-2 MSCI ESG指數與經理人薪酬決定時間表 19 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | TWSE公司治理評鑑 | zh_TW |
| dc.subject | MSCI ESG指數 | zh_TW |
| dc.subject | 經理人薪酬 | zh_TW |
| dc.subject | MSCI ESG index | en |
| dc.subject | executive compensation | en |
| dc.subject | TWSE Corporate Governance Evaluation | en |
| dc.title | 企業ESG表現與經理人薪酬之關聯性 | zh_TW |
| dc.title | The Correlation of Corporate ESG Performance and Executive Compensation | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 112-1 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 劉心才;蕭湛東 | zh_TW |
| dc.contributor.oralexamcommittee | Hsin-Tsai Liu;Lawrence Hsiao | en |
| dc.subject.keyword | 經理人薪酬,TWSE公司治理評鑑,MSCI ESG指數, | zh_TW |
| dc.subject.keyword | executive compensation,TWSE Corporate Governance Evaluation,MSCI ESG index, | en |
| dc.relation.page | 40 | - |
| dc.identifier.doi | 10.6342/NTU202400066 | - |
| dc.rights.note | 同意授權(限校園內公開) | - |
| dc.date.accepted | 2024-01-16 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 會計學系 | - |
| 顯示於系所單位： | 會計學系 | |
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