董監事海外學歷對台灣上市櫃公司ESG績效的影響

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陳禹鑫(Yu-Hsin Chen) 查詢紙本館藏

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財務金融學系

論文名稱

董監事海外學歷對台灣上市櫃公司ESG績效的影響
(The Impact of Returnee Directors and Supervisors on ESG Performance in Taiwan)

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至系統瀏覽論文 (2028-7-1以後開放)

摘要(中)

本研究主要探討董監事海外學歷與台灣上市櫃公司ESG績效的關係，由於企業社會責任(CSR)起源於歐美國家再推廣至全世界，逐步將其融入台灣教育體系，故海外求學者應會更注重衡量CSR的ESG標準。本文資料庫使用台灣經濟新報(TEJ)，樣本期間為2014年至2019年，共1,717 家上市公司去組成的9,044筆樣本數。我們分別討論 ESG 的三個方面，從中發現海外學歷對ESG的影響：在環境方面，董監事海外學歷對碳排放有負向顯著影響，對水的回收率有正向顯著影響；在社會方面，董監事海外學歷在員工流動率、違反勞基法有負向顯著影響，對平均薪資有正向顯著影響；在公司治理方面，董監事海外學歷對公司治理評鑑等級、是否採用四大會計事務所和薪酬委員會的開會次數上皆有正向顯著影響。董監事海外學歷確實對企業ESG績效有好的影響，能兼顧對企業社會責任的重視帶領公司成長。

摘要(英)

In this paper, we mainly examine the relationship between returnee directors and supervisors and environment, social, and governance (ESG) performance of listed companies in Taiwan. Because Corporate Social Responsibility (CSR) originated from European and American countries and was gradually added to the Taiwanese education system, returnees who study abroad put more emphasis on ESG, which is a standard for evaluating CSR. The sample of this paper consists of 9,044 observations across 1,717 listed companies between 2014 and 2019 from Taiwan Economic Journal (TEJ). We discuss the three aspects of ESG separately. In terms of E, returnees have a negatively significant impact on carbon emissions and a positively significant impact on water recovery. In terms of S, returnees have a negatively significant impact on turnover and violations of Labor law and a positively significant impact on average salary. In terms of G, returnees show a positively significant relation with corporate governance evaluation, auditing by the Big Four firms, and the number of compensation committee meetings. From the empirical results, we find that returnees have a good impact on corporate ESG performance. It is very important that companies continually grow and contribute to society at the same time.

關鍵字(中)

★ 海外學歷
★ 董監事
★ ESG

關鍵字(英)

★ Returnee
★ Directors
★ Supervisors
★ ESG

論文目次

摘要.............................................................i
Abstract........................................................ii
Table of Contents..............................................iii
List of Tables..................................................iv
1. Introduction.............................................1
2. Literature Review and Hypotheses.........................6
2.1 Literature Review........................................6
2.1.1 The Importance of CSR to Business........................6
2.1.2 The Connection between CSR and Educational Background....6
2.1.3 The Relationship between Returnees and ESG...............7
2.2 Hypotheses...............................................8
3. Data and Methodology....................................11
3.1 Data Sources and Sample.................................11
3.2 Main Dependent Variables................................11
3.3 Main Independent Variables..............................14
3.4 Control Variables.......................................15
3.5 Methodology.............................................16
4. Empirical Results.......................................18
4.1 Summary Statistics and Correlations.....................18
4.2 Environment (E) Dimension...............................19
4.3 Social (S) Dimension....................................20
4.4 Governance (G) Dimension................................22
4.5 Robustness Check........................................23
5. Conclusion..............................................25
Reference.......................................................26
Appendix........................................................47

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指導教授

何柏欣(Po-Hsin Ho)

審核日期

2022-6-20

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