政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/140647

政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/140647

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政大機構典藏 > 商學院 > 國際經營管理英語碩士學程IMBA > 學位論文 > Item 140.119/140647

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題名:	亞洲新興國家之ESG 對財務績效的影響：經濟E、社會S、或治理G的影響力較大？ E, S, or G? The Effect of ESG on Financial Performance in Asian Emerging Markets
作者:	郭鎧明 Goetze, Klemens
貢獻者:	林月雲 Lin, Carol 郭鎧明 Klemens Goetze
關鍵詞:	企業社會責任(CSR) 環境、社會、治理 (ESG) 中國印度印尼馬來西亞南韓菲律賓台灣泰國發展中國家 Corporate Social Responsibility (CSR) Environmental, Social, and Governance (ESG) China India Indonesia Malaysia South Korea Philippines Taiwan Thailand Developing Countries
日期:	2022
上傳時間:	2022-07-01 16:18:20 (UTC+8)
摘要:	This thesis adds an Asian emerging markets perspective to the long-running debate discussing the association of environmental, social, and governance (ESG) criteria with corporate financial performance (CFP). While evidence from frontier economies tends towards a positive ESG – CFP connotation, the phenomenon is yet scarcely investigated in emerging markets, especially within the Asian context. To address this research gap, ten linear models based on 3,270 observations from 327 firms headquartered in China, India, Indonesia, Republic of Korea (S. Korea), Malaysia, Philippines, Taiwan, and Thailand from 2012 to 2021 were subject to this thesis. The results indicate a significant positive relationship between ESG and financial return as well as firm value, both complementary to an approximation of overall financial performance. Observed effects were particularly vigorous for social aspects, which is in line with Asian companies’ age-old tradition of giving back to the community. Moreover, the empirical analysis provides evidence for a significant positive moderating effect of financial slack on the ESG – CFP link, suggesting both stakeholder theory and slack resources act simultaneously and reinforcingly resulting in a virtuous cycle.
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描述:	碩士國立政治大學國際經營管理英語碩士學位學程(IMBA) 110933069
資料來源:	http://thesis.lib.nccu.edu.tw/record/#G0110933069
資料類型:	thesis
DOI:	10.6814/NCCU202200506
顯示於類別:	[國際經營管理英語碩士學程IMBA] 學位論文

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