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| Title: | 企業策略類型對ESG與財務績效關係之影響
The Impact of Corporate Business Strategy on the Relationship between ESG and Financial Performance |
| Authors: | 陳偲翎
Chen, Sih-Ling |
| Contributors: | 陳明進
陳偲翎
Chen, Sih-Ling |
| Keywords: | 企業策略類型
ESG
財務績效
Business strategy
ESG
Financial performance |
| Date: | 2024 |
| Issue Date: | 2024-08-05 12:22:59 (UTC+8) |
| Abstract: | 本研究按Miles and Snow (1978)之企業策略類型分類理論作為企業策略分類之依據，以2018年至2022年臺灣上市(櫃)公司為樣本，探討我國企業的企業策略類型對於ESG成效以及財務績效之間的影響。以普通最小平方法進行實證分析，結果顯示ESG成效與財務績效之間具有關聯，而TESG排名分數裡獲得分數越高者，對財務績效的獲利能力、企業價值都會產生正向影響；企業策略類型之因素確實影響著ESG與財務績效，防禦型企業策略多會使財務績效有所下降，而探勘型企業策略多令財務績效提升，但探勘型企業較防禦型企業的ESG成效，不一定對於財務績效會有較佳表現。此外額外測試顯示固定效果與產業特性對於企業策略類型、ESG成效、財務績效間之關聯性有所影響，後續相關研究應將此二因素皆納入考量。
This study uses Miles and Snow's (1978) corporate strategy type classification theory as the basis for corporate strategy classification, taking Taiwan's listed OTC companies from 2018 to 2022 as a sample to explore the impact of corporate business strategy on the relationship between ESG and financial performance. The empirical results show that there is a correlation between ESG investment and financial performance, and the higher the TESG ranking score, the higher the score will have a positive impact on financial performance, profitability, and corporate value; corporate strategy type factors do affect ESG and financial performance. Defender tends to reduce financial performance, while Prospector tends to improve financial performance. However, compared to Defender companies, Prospector corporations investing in ESG do not necessarily have better performance on financial performance. In addition, additional tests show that fixed effects and industry characteristics have an impact on the correlation between corporate business strategy, ESG, and financial performance. Subsequent relevant research should take these two factors into consideration. |
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| Description: | 碩士
國立政治大學
會計學系
111353046 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0111353046 |
| Data Type: | thesis |
| Appears in Collections: | [會計學系] 學位論文
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