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Title:	企業落實ESG對公司經營效率影響 The impact of implementing ESG on firm efficiency
Authors:	江則臻 Chiang, Tse-Chen
Contributors:	鄭士卿楊曉文 Jeng, Shih-Ching Yang, Sheau-Wen 江則臻 Chiang, Tse-Chen
Keywords:	資料包絡分析法 Tobit回歸企業社會責任 ESG Eikon ESG Score 企業社會責任報告書經營效率 DEA Tobit regression CSR ESG Eikon ESG score CSR report Efficiency
Date:	2019
Issue Date:	2019-08-07 16:16:15 (UTC+8)
Abstract:	近幾年國際社會間積極推動企業落實企業社會責任，然而企業落實企業社會責任是否必然對公司經營效率帶來正面效益，此議題值得探討。因此本研究論文目的在分析企業落實ESG程度對公司經營效率的影響，希望找出企業落實企業社會責任與公司經營效率的關係，了解是否企業能在執行企業社會責任的同時，為公司經營效率帶來正向影響。本研究論文使用2008-2017年，已收錄於Eikon ESG Score資料庫之公司為樣本，利用資料包絡分析法計算各企業各年度之效率值，再用Tobit Regression進行實證分析。實證結果發現，「有發行企業社會責任報告書會」、「有被收錄在Eikon ESG Score資料庫」、有考慮負面新聞的「t-1期Controversies ESG Score」皆對純技術效率有顯著正向影響。由於企業落實ESG應看長期效果，故未來之相關研究可以進行更長期的觀察，並建議可以針對不同產業特性進行更精準的分析。 Recently, the international society advocates the firms to implement CSR policies actively. However, whether the result of implementing CSR is positive or negative is not clear. The author considers it is worthy to be discussed. So, this study aims to analyze the impact of implementing CSR on firm efficiency to figure out the relationship between CSR and firm efficiency to understand if it is benefit or not for firms to implement CSR policies. The samples of this study are from Eikon ESG Score database and Taiwan Economic Journal (TEJ) from 2008 to 2017. The author first used Data Envelopment Analysis (DEA) to calculate the values of efficiencies and then applied Tobit Regression to test the hypothesis. The results show that ‘issuing CSR report’, ’being selected in Eikon ESG Score database’, ’Controversies ESG Score of period t-1’ are significantly positive to pure technical efficiency. Nevertheless, the effect of implementation of CSR should be considered as a long-term process. Therefore, for the future study, it should cover more long-term data. Besides, the author suggests that the future studies can focus on different effects of implementing CSR on firm efficiencies for various industries.
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Description:	碩士國立政治大學風險管理與保險學系 106358023
Source URI:	http://thesis.lib.nccu.edu.tw/record/#G0106358023
Data Type:	thesis
DOI:	10.6814/NCCU201900379
Appears in Collections:	[Department of Risk Management and Insurance] Theses

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