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研究生:蔡淑宜
研究生(外文):Shu-Yi Tsai
論文名稱:疫情前後ESG表現及董事特性與財務績效之關聯
論文名稱(外文):The Association between ESG Performance and Board Characteristics with Financial Performance before and after Covid-19 Pandemic
指導教授:陳坤志陳坤志引用關係
指導教授(外文):Kun-Chih Chen
口試委員:陳漢鍾謝昇峯
口試委員(外文):Han-Chung ChenSheng-Feng Hsieh
口試日期:2023-05-04
學位類別:碩士
校院名稱:國立臺灣大學
系所名稱:會計學系
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2023
畢業學年度:112
語文別:中文
論文頁數:39
中文關鍵詞:企業社會責任ESG分數董事特性COVID-19財務績效
外文關鍵詞:Corporate Social ResponsibilityESG scoreCOVID-19board characteristicsfinancial performance
DOI:10.6342/NTU202302281
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本研究旨在探討疫情期間,企業 ESG 分數是否對財務績效有所影響,接著進一步比較疫情前後,公司治理構面中的董事特性對財務績效之影響是否發生變化。

實證結果顯示,疫情前後,企業 ESG 表現對財務績效的影響增加。接著將ESG分數分別拆成環境、社會及公司治理構面來看,顯示疫情前後社會構面及公司治理構面的表現對財務績效的影響增加。接著進一步探討公司治理構面中的董事特性對財務績效之影響,發現董事特性對於疫情前後企業之財務績效表現影響不大。

整體而言,疫情前後企業ESG表現對財務績效之影響增加,看董事會特性則對疫情前後企業之財務績效表現無顯著影響,推論原因為疫情期間,企業經營環境的變化非常複雜,財務績效可能受到企業政策、地域、市場等因素的影響而各有不同,因此難以用單一董事會特性去推論其在疫情期間對財務績效的影響為增加或減少。
This study focuses on whether the ESG scores of companies have an impact on their financial performance during the COVID-19 pandemic, and whether the effect of board characteristics on financial performance has changed before and after the pandemic. The empirical results show that the impact of companies' ESG performance on financial performance has increased after the pandemic. When the ESG score is divided into environmental, social, and governance dimensions, the results show that the impact of social and governance dimensions on financial performance has increased before and after the pandemic. Furthermore, the study examines the impact of board characteristics on financial performance, and finds that the impact is not significant for the financial performance of companies before and after the pandemic.
Overall, the impact of companies' ESG performance on financial performance has increased after the pandemic, and the impact of board characteristics on financial performance of companies before and after the pandemic is not significant. The reason for this may be that the changes in the business environment during the pandemic are very complex, and the financial performance of companies may be influenced by different factors such as policies, regions, and markets, making it difficult to infer the impact of a single board characteristic on financial performance during the pandemic.
摘要 i
Abstract ii
目錄 iv
表目錄 v
壹、前言與背景 1
一、ESG之背景與發展 1
二、Covid-19疫情 2
三、研究目的及架構 2
貳、文獻回顧與假說建立 4
一、文獻回顧 4
二、假說建立 7
參、研究方法 11
一、資料與樣本說明 11
二、變數說明 12
三、研究模型 16
肆、實證結果 18
一、基本統計量分析 18
二、迴歸結果 22
伍、額外測試 27
一、特定產業分析 27
二、敏感性分析 28
陸、結論及研究限制 34
一、研究結論 34
二、研究限制與建議 35
參考文獻 36
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