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https://nccur.lib.nccu.edu.tw/handle/140.119/153336
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| Title: | ESG績效與貸款合約
ESG Performance and Loan Contracting |
| Authors: | 胡芯瑋
HU, Hsin-Wei |
| Contributors: | 詹凌菁
胡芯瑋
HU, Hsin-Wei |
| Keywords: | ESG績效
貸款合約
資訊不對稱
ESG Performance
Loan Contracting
Information Asymmetry |
| Date: | 2024 |
| Issue Date: | 2024-09-04 14:47:51 (UTC+8) |
| Abstract: | 本研究探討企業環境、社會與治理（ESG）績效對聯合貸款合約特徵的影響。本研究利用2014年至2017年間美國公司的數據，發現ESG評分較高的公司通常能獲得較少的貸款條款。除此之外，當企業的資訊不對稱程度較高時，ESG評分對貸款利差和貸款期限的影響更加顯著。研究結果顯示，ESG績效在減少資訊不對稱和改善貸款條款方面具有重要作用，能幫助企業獲得更優惠的貸款條件。這些發現為金融機構在評估企業信用風險時提供了新的視角，並強調了ESG績效在企業融資中的重要性。
This study explores the impact of Environmental, Social, and Governance (ESG) performance on the characteristics of syndicated loan contracts. Through using data from U.S. companies between 2014 and 2017, the research finds that firms with higher ESG ratings had fewer financial covenants. Additionally, when information asymmetry is high, the influence of ESG ratings on loan spreads and maturities becomes more significant. The results indicate that the performance of ESG performance plays a crucial role in reducing information asymmetry and improving loan terms, helping firms obtain more favorable lending conditions. These findings provide new insights for financial institutions in assessing corporate credit risk and emphasize the importance of ESG performance in corporate financing. |
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| Description: | 碩士
國立政治大學
會計學系
111353045 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0111353045 |
| Data Type: | thesis |
| Appears in Collections: | [會計學系] 學位論文
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