本研究探討CEO在更換任職公司前後，是否會將其管理風格，特別是ESG（環境、社會及公司治理）表現帶入新公司。透過分析台灣企業2006年至2023年的ESG表現，本研究認為CEO會前往與其舊公司ESG表現相仿的公司，以及新任CEO在接任新公司時會將其過去公司的ESG表現帶入到新公司，且針對經驗較為豐富的CEO對於公司ESG表現的會更凸顯個人特質，最後則是當公司的高層有替換時與其公司過去的ESG表現呈現負相關。實證結果顯示，CEO舊公司過去兩年的ESG表現與新任公司過去兩年的ESG表現不存在顯著的正相關，而CEO在轉任新公司的第一年會延續其前公司的ESG表現上的規劃，經驗豐富的CEO與其舊公司的ESG表現則無顯著正相關，當公司的高層有替換時其公司過去的ESG表現呈現不顯著的負相關。本文對學界的貢獻在於深化對CEO更替與企業ESG表現之間關係的理解，並提供企業在選擇CEO時的參考依據，強調應重視候選人的ESG經驗及成就。;This study explores whether CEOs will bring their management style, especially ESG (environmental, social and corporate governance) performance to the new company before and after they change their companies. By analyzing the ESG performance of Taiwanese companies from 2006 to 2023, this study believes that CEOs will go to companies with similar ESG performance to their old companies, and whether the new CEO will bring the ESG performance of his past companies to the old company when he takes over the new company. Companies, and more experienced CEOs will have more prominent personal characteristics in the company′s ESG performance. Finally, when the company′s top management is replaced, there will be a negative correlation with the company′s past ESG performance. Empirical results show that there is no significant positive correlation between the ESG performance of the CEO′s old company in the past two years and the ESG performance of the new company in the past two years. However, the CEO will continue to improve the ESG performance of his former company in the first year after transferring to the new company. Planning, there is no significant positive correlation between experienced CEOs and the ESG performance of their old companies. When the company′s top management is replaced, the company′s past ESG performance shows an insignificant negative correlation. The contribution of this article to the academic community is to deepen the understanding of the relationship between CEO replacement and corporate ESG performance, and to provide reference for companies when selecting CEOs, emphasizing that candidates should pay attention to their ESG experience and achievements.
