期刊論文
| 學年 | 111 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2022-09-06 |
| 作品名稱 | The Concave-Convex Effects of Environmental, Social and Governance on High-Tech Firm Value: Quantile Regression Approach |
| 作品名稱（其他語言） | |
| 著者 | Kun-Shan Wu; Bao-Guang Chang |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Corporate Social Responsibility and Environmental Management 29(5), pp.1527-1545 |
| 摘要 | This study aims to investigate the nonlinear relationship between environmental, social and governance (ESG) and firm value (FV). The sample includes 38 Taiwan Stock Exchange listed high-tech firms with ESG disclosure between 2005 and 2020. Quantile regression estimation results indicate there is a nonlinear concave–convex ESG-FV relationship, which is also verified by the U-test. Furthermore, there is a different relationship between the individual ESG pillars and FV. The nexus between the environmental and social pillars and FV are concave–convex, whereas the governance pillar has no significant effect on FV. The model in this research offers a valuable analytical framework for exploring sustainability reporting as a driver of performance in the high-tech industry. Overall, we highlight Taiwan's high-tech firms should ensure that both the costs and benefits of the ESG performance for maintaining sustainable development and stakeholder engagement. |
| 關鍵字 | environmental;firm value;high-tech industry;quantile regression;social and governance;stakeholder engagement;sustainable development;Taiwan |
| 語言 | en |
| ISSN | 1535-3966;1535-3958 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI Scopus ABS* |
| 產學合作 | |
| 通訊作者 | Kun-Shan Wu |
| 審稿制度 | 是 |
| 國別 | GBR |
| 公開徵稿 | |
| 出版型式 | ,電子版,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/123221 ) |