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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 廖芝嫻 | zh_TW |
| dc.contributor.advisor | Chih-Hsien Liao | en |
| dc.contributor.author | 蔡榮真 | zh_TW |
| dc.contributor.author | Jung-Chen Tsai | en |
| dc.date.accessioned | 2024-11-15T16:10:52Z | - |
| dc.date.available | 2024-11-16 | - |
| dc.date.copyright | 2024-11-15 | - |
| dc.date.issued | 2024 | - |
| dc.date.submitted | 2024-10-20 | - |
| dc.identifier.citation | Admati, A. R., and P. Pfleiderer. 2009. The “Wall Street Walk” and shareholder activism: Exit as a form of voice. The Review of Financial Studies 22 (7): 2645-2685.
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| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/96149 | - |
| dc.description.abstract | 本研究分析永續報告書正向語調與未來永續績效的關係，並進一步探討法人持股對正向語調間之調節角色。以臺灣2018年至2021年非金融保險業上市上櫃、且有出具英文永續報告書之公司為樣本，並以FinBERT模型對文本執行ESG主題分類與情緒分類，進而計算語調分數。研究結果發現，永續報告書之語調分數與未來永續績效有顯著正相關，且於環境面與社會面之揭露亦支持此結果，顯示管理階層將於永續報告書中透過正向的揭露語調，反映其看好未來之永續績效表現。另外，法人持股較高的公司，其語調分數與未來永續績效呈顯著正相關，而法人持股較低的公司則兩者間關係不顯著，上述結果於法人持股拆分為國外法人持股與國內法人持股時亦相符；顯示法人持股對永續報告書之正向語調具有調節作用，將能強化正向語調與未來較佳永續績效間之關聯性。 | zh_TW |
| dc.description.abstract | This study analyzes the relationship between the positive tone of sustainability reports and future sustainability performance, and further explores the moderating role of institutional ownership in such relationship. I use Taiwanese non-financial listed companies that issued English sustainability reports from 2018 to 2021 as the research sample, the FinBERT model to classify ESG themes and sentiment in the text to measure disclosure tone scores. The results show a significant positive association between the positive tone of sustainability reports and one-year-ahead sustainability performance. The results consistently hold when sustainability performance is partitioned into environmental and social aspects. These findings support the signal effect of disclosure tone that reflects managerial optimism about future sustainability performance. Additionally, I find that the positive association is stronger in companies with higher institutional ownership but do not find such association in companies with low institutional ownership. This result holds when institutional ownership is measured separately by foreign and domestic institutional ownership. Overall, the findings support the positive moderating effect of institutional ownership and suggest that institutional ownership strengthens the informative effect of positive disclosure tone in sustainability reports. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2024-11-15T16:10:52Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2024-11-15T16:10:52Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 摘 要 .................................................................................................................................................... I
ABSTRACT ....................................................................................................................................... II 目 次 ................................................................................................................................................. III 表 次 ................................................................................................................................................. IV 第一章 緒論 ...................................................................................................................................... 1 第二章 文獻回顧 .............................................................................................................................. 4 第一節 ESG資訊揭露之相關文獻 ............................................................................................. 4 第二節 揭露語調之相關文獻 ...................................................................................................... 9 第三節 語調之衡量方法 ............................................................................................................ 12 第三章 研究假說 ............................................................................................................................ 16 第一節 永續報告書正向語調與未來ESG績效的關係 .......................................................... 16 第二節 法人持股對永續報告書正向語調之調節作用 ............................................................ 19 第四章 研究設計 ............................................................................................................................ 20 第一節 語調與各變數的衡量方式 ............................................................................................ 20 第二節 實證模型 ........................................................................................................................ 22 第三節 樣本與資料來源 ............................................................................................................ 25 第五章 實證結果 ............................................................................................................................ 28 第一節 敘述統計 ........................................................................................................................ 28 第二節 多重共線性檢驗—相關係數分析、變異膨脹因子分析 ............................................ 33 第三節 迴歸結果 ........................................................................................................................ 36 第六章 額外分析 ............................................................................................................................ 40 第一節 永續報告書各主題面向之正向語調與未來ESG績效的關係 .................................. 40 第二節 國外與國內法人對永續報告書正向語調之調節作用 ................................................ 46 第七章 結論 .................................................................................................................................... 50 第一節 研究結論 ........................................................................................................................ 50 第二節 研究限制與建議 ............................................................................................................ 51 參考文獻 ............................................................................................................................................ 52 附錄一：程式碼 ................................................................................................................................ 63 附錄二：永續報告書句子分類結果釋例 ........................................................................................ 66 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | FinBERT | zh_TW |
| dc.subject | 文字探勘 | zh_TW |
| dc.subject | 法人持股 | zh_TW |
| dc.subject | 揭露語調 | zh_TW |
| dc.subject | 永續報告書 | zh_TW |
| dc.subject | text mining | en |
| dc.subject | sustainability reports | en |
| dc.subject | disclosure tone | en |
| dc.subject | institutional ownership | en |
| dc.subject | FinBERT | en |
| dc.title | 永續報告書揭露語調與永續績效之關聯性 | zh_TW |
| dc.title | Disclosure Tone of Sustainability Reports and ESG Performance | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 113-1 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 謝昇峯;李佳玲 | zh_TW |
| dc.contributor.oralexamcommittee | Sheng-Feng Hsieh;Chia-Ling Lee | en |
| dc.subject.keyword | 永續報告書,揭露語調,法人持股,FinBERT,文字探勘, | zh_TW |
| dc.subject.keyword | sustainability reports,disclosure tone,institutional ownership,FinBERT,text mining, | en |
| dc.relation.page | 72 | - |
| dc.identifier.doi | 10.6342/NTU202401183 | - |
| dc.rights.note | 同意授權(全球公開) | - |
| dc.date.accepted | 2024-10-21 | - |
| 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 | |
文件中的檔案：
| 檔案 | 大小 | 格式 | |
|---|---|---|---|
| ntu-113-1.pdf | 1.19 MB | 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。