本研究旨在探討於台灣上市之企業的CSR資訊與ESG各領域指標項目之揭露對分析師行為的影響。通過對 在台灣上市之 企業的 CSR資訊與 ESG項目 揭露的評分並以迴歸分析 進行測量，我們證明了對於CSR資訊與ESG各領域指標項目揭露程度較高的企業，分析師的追 隨人數會 增加 越 多 ，並使分析師預測特性中的預測準確性提升以及降低預測離散度分歧程度。 我們的結果支持以下預測： CSR資訊與ESG各領域指標項目揭露程度較高的企業會使更多的分析師願意追隨該企業並對其做出分析及預測且會使分析師的預測準確性提升並降低分析師之間的預測分歧度。我們的研究結果有助於理解企業揭露CSR資訊與ESG各領域指標項目揭露的重要性，以及其所能產生的效果以及益處，並從中理解分析師對這些資訊的揭露所產生的行為之變化 。;This study examines the impact of corporate social responsibility (CSR) information and environmental, social, and governance (ESG) disclosure on analyst behavior in Taiwanese listed companies. Through measuring the extent of CSR information and ESG disclosure in these companies, we have demonstrated that firms with higher levels of CSR information and ESG disclosure attract more analyst following, leading to increased forecast accuracy and reduced forecast dispersion. Our results support the following predictions: Companies with higher levels of CSR and ESG information disclosure attract a greater number of analysts, resulting in improved forecast accuracy and reduced forecast dispersion. Our findings contribute to the understanding of the importance of CSR and ESG information disclosure by companies and shed light on the behavioral changes among analysts resulting from the disclosure of such information.
