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https://nccur.lib.nccu.edu.tw/handle/140.119/158672
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| 題名: | 新冠肺炎期間高階經理人任期對ESG績效與財務績效之影響
The Impact of Executive Tenure on ESG Performance and Financial Performance during the COVID-19 Pandemic |
| 作者: | 楊佳語
Yang, Jia-Yu |
| 貢獻者: | 徐愛恩
楊佳語
Yang, Jia-Yu |
| 關鍵詞: | 高階經理人任期
ESG績效
財務績效
新冠肺炎
CEO Tenure
ESG Performance
Financial Performance
COVID-19 |
| 日期: | 2025 |
| 上傳時間: | 2025-08-04 14:53:50 (UTC+8) |
| 摘要: | 本研究探討高階經理人任期對企業ESG績效與財務績效之影響，並分析新冠肺炎期間是否調節此關係。以臺灣上市櫃公司2018至2021年間資料為樣本，透過多元迴歸分析進行實證分析。研究結果顯示，高階經理人任期與ESG績效呈顯著負相關，支持職業關注假說與職業視野假說，顯示任期較長者較少投入永續議題；而新冠肺炎期間此負向關係並未顯著。另一方面，高階經理人任期與財務績效呈顯著正相關，顯示任期較長者因熟悉組織運作與策略執行歷練，有助於提升經營績效；但於新冠肺炎期間，任期與財務績效之關係轉為顯著負相關，顯示長任期者在面對突發危機時可能因慣性與僵化導致調適不易，進而對績效產生不利影響。整體而言，本研究指出高階經理人任期對企業表現具有情境依賴性，企業應於任命決策中審慎評估任期與環境動態之配適性，以強化企業在穩定經營與危機管理間的綜合韌性。
This study investigates the impact of CEO tenure on corporate ESG performance and financial performance, and examines whether the COVID-19 pandemic moderates this relationship. Using data from publicly listed companies in Taiwan from 2018 to 2021, the study conducts empirical analysis through multiple regression models. The results reveal a significant negative relationship between CEO tenure and ESG performance, supporting the career concern hypothesis and career horizon hypothesis, indicating that longer-tenured executives are less engaged in sustainability issues. However, this negative relationship is not significant during the COVID-19 period. On the other hand, CEO tenure shows a significant positive association with financial performance, implying that longer-tenured executives, being more familiar with organizational operations and strategy execution, contribute positively to performance. Yet, during the COVID-19 pandemic, the relationship turns significantly negative, indicating that in the face of sudden crises, long-tenured executives may struggle to adapt due to inertia and rigidity, which in turn adversely affects performance. Overall, the findings suggest that the effect of CEO tenure on corporate outcomes is context-dependent. Firms should carefully evaluate the alignment between executive tenure and environmental dynamics in appointment decisions to enhance organizational resilience in both stable operations and crisis management. |
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| 描述: | 碩士
國立政治大學
會計學系
112353106 |
| 資料來源: | http://thesis.lib.nccu.edu.tw/record/#G0112353106 |
| 資料類型: | thesis |
| 顯示於類別: | [會計學系] 學位論文
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