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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 王衍智 | zh_TW |
| dc.contributor.advisor | Yanzhi Wang | en |
| dc.contributor.author | 劉瑄婷 | zh_TW |
| dc.contributor.author | Hsuan-Ting Liu | en |
| dc.date.accessioned | 2025-02-21T16:36:02Z | - |
| dc.date.available | 2025-02-22 | - |
| dc.date.copyright | 2025-02-21 | - |
| dc.date.issued | 2024 | - |
| dc.date.submitted | 2024-12-16 | - |
| dc.identifier.citation | Adjaoud, F., & Ben‐Amar, W. (2010). Corporate governance and dividend policy: shareholders’ protection or expropriation?. Journal of Business Finance & Accounting, 37(5‐6), 648-667.
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Journal of Corporate Finance, 18(4), 860-878. Yoo, S., & Managi, S. (2022). Disclosure or action: Evaluating ESG behavior towards financial performance. Finance Research Letters, 44, 102108. Zahid, R. A., Taran, A., Khan, M. K., & Chersan, I. C. (2023). ESG, dividend payout policy and the moderating role of audit quality: empirical evidence from Western Europe. Borsa Istanbul Review, 23(2), 350-367. | - |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/96798 | - |
| dc.description.abstract | 本研究旨在探討企業落實環境、社會及公司治理(ESG)對股利發放率波動度之影響。以台灣經濟新報資料庫TEJ之TESG永續發展指標所涵蓋之1888家公開發行公司為研究樣本，分析2015年至2022年樣本公司ESG表現對股利波動度之影響。實證結果顯示，ESG分數與股利發放率波動度呈現顯著負相關，其中以環境面及公司治理面效果較為顯著。顯示ESG表現佳的公司，會想透過穩定的股利發放率，向投資人傳遞其落實ESG，使公司風險降低之事實。本研究亦透過分組方式，探討不同要素是否會影響ESG降低股利波動度之效果。結果顯示ESG降低股利波動度之效果，於無形資產較高的公司、大公司，以及低污染產業較為顯著。 | zh_TW |
| dc.description.abstract | The purpose of this study is to investigate the impact of environmental, social and governance (ESG) on dividend payout volatility. Using 1888 Taiwan listed companies covered by TESG Sustainable Development Indicator, we examine the impact of ESG on dividend volatility from 2015 to 2022. The empirical results show a significant negative correlation between ESG scores and dividend payout volatility, with the effects being more pronounced in the environmental and corporate governance dimensions. This suggests that companies with better ESG performance would like to communicate to investors the fact that they have implemented ESG to minimize corporate risk through a stable dividend payout ratio. This study also examines whether different factors affect the effect of ESG in reducing dividend volatility by grouping companies. The results show that the effect of ESG in reducing dividend volatility is more significant in companies with higher intangible assets, large companies, and low-pollution industries. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2025-02-21T16:36:02Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2025-02-21T16:36:02Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 口試委員會審定書............................................................................................................ i
誌謝................................................................................................................................ ii 中文摘要......................................................................................................................... iii 英文摘要......................................................................................................................... iv 第一章 前言.................................................................................................................... 1 第二章 文獻回顧與研究假說.............................................................................................5 2.1 股利政策.................................................................................................................. 5 2.2 永續表現與財務績效................................................................................................. 6 2.3 永續表現與股利發放................................................................................................ 9 2.4 研究假說................................................................................................................ 10 第三章 樣本選取與資料來源.......................................................................................... 12 3.1 樣本選取................................................................................................................. 12 3.2 資料期間................................................................................................................ 12 3.3 資料來源................................................................................................................ 12 第四章 研究方法........................................................................................................... 13 4.1 研究方法................................................................................................................ 13 4.2 應變數................................................................................................................... 13 4.3 自變數................................................................................................................... 13 4.4 控制變數............................................................................................................... 14 4.5 實證模型............................................................................................................... 15 第五章 實證結果與分析................................................................................................ 16 5.1 樣本敘述................................................................................................................ 16 5.2 ESG對股利發放率之影響........................................................................................ 17 5.3 ESG對股利發放率波動度之影響.............................................................................. 18 5.4分組分析................................................................................................................ 20 5.5穩健性測試............................................................................................................. 22 第六章 結論................................................................................................................. 24 6.1 研究結論................................................................................................................ 24 6.2 研究建議............................................................................................................... 24 參考文獻..................................................................................................................... 26 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | 放訊效果 | zh_TW |
| dc.subject | 股利發放率 | zh_TW |
| dc.subject | 股利波動度 | zh_TW |
| dc.subject | ESG | zh_TW |
| dc.subject | 股利 | zh_TW |
| dc.subject | dividend volatility | en |
| dc.subject | ESG | en |
| dc.subject | dividend | en |
| dc.subject | signaling theory | en |
| dc.subject | payout ratio | en |
| dc.title | ESG對股利波動度的影響 | zh_TW |
| dc.title | The Impact of ESG on Dividend Volatility | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 113-1 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 張景宏;連振廷 | zh_TW |
| dc.contributor.oralexamcommittee | Ching-Hung Chang;Chen-Ting Lien | en |
| dc.subject.keyword | ESG,股利,放訊效果,股利發放率,股利波動度, | zh_TW |
| dc.subject.keyword | ESG,dividend,signaling theory,payout ratio,dividend volatility, | en |
| dc.relation.page | 42 | - |
| dc.identifier.doi | 10.6342/NTU202404738 | - |
| dc.rights.note | 未授權 | - |
| dc.date.accepted | 2024-12-17 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 財務金融學系 | - |
| dc.date.embargo-lift | N/A | - |
| 顯示於系所單位： | 財務金融學系 | |
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| 檔案 | 大小 | 格式 | |
|---|---|---|---|
| ntu-113-1.pdf 未授權公開取用 | 3.11 MB | Adobe PDF |
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