DSpace collection: 會議論文

ESG 負面事件風險對盈餘反應係數之影響

title: ESG 負面事件風險對盈餘反應係數之影響

ESG 對公司績效的影響：產業特性之探討

title: ESG 對公司績效的影響：產業特性之探討

碳排放對企業財務表現與價值之影響-兼論企業自主減排之調節效果

title: 碳排放對企業財務表現與價值之影響-兼論企業自主減排之調節效果

企業環境績效、生命週期與價值攸關性：ESG在不同財務風險的角色

title: 企業環境績效、生命週期與價值攸關性：ESG在不同財務風險的角色

董事會多元性是否降低 ESG 風險及漂綠

title: 董事會多元性是否降低 ESG 風險及漂綠

合夥會計師個體與組織配適能提升績效嗎?兼論性別多元化的影響

title: 合夥會計師個體與組織配適能提升績效嗎?兼論性別多元化的影響

合夥會計師個體與組織配適能提升績效嗎?兼論性別多元化的影響

title: 合夥會計師個體與組織配適能提升績效嗎?兼論性別多元化的影響

Do ESG and Innovation Matter in Times of Crisis? Evidence from Bank Participation in COVID-19 Bailout Programs

title: Do ESG and Innovation Matter in Times of Crisis? Evidence from Bank Participation in COVID-19 Bailout Programs

The relationship between directors interlocked with low comparability peers, tax-specific industry experts, and firms' information environment

title: The relationship between directors interlocked with low comparability peers, tax-specific industry experts, and firms' information environment abstract: According to diffusion theory, network ties allow networked firms to learn vicariously from each other's experiences through the diffusion of new knowledge, and ties related to the transfer of tacit and complex knowledge, such as tax-planning strategies, are particularly beneficial. Since the knowledge of tax-planning strategies and experience in implementing tax-planning strategies can be shared among firms via their network ties, especially through board interlocks, following Brown and Drake (2014), this study evinces that a firm's tax avoidance behavior is related to its directorate ties to low-tax firms. Furthermore, this paper reveals that the influence of board interlocks on tax avoidance depends on certain characteristics of the firm's ties, such as ties formed by executive directors, ties to low-tax firms engaging the same auditor, and ties to the firm's low-tax family members. The empirical results of this study not only add evidence on network ties to the accounting literature but also can help explain part of the observed variation in corporate

家族成員經理人、專業經理人對家族企業 ESG 專一化程度及績效之影響：兼論經理人過度自信

title: 家族成員經理人、專業經理人對家族企業 ESG 專一化程度及績效之影響：兼論經理人過度自信

設計思考導入運動志工課程之教學實踐與學生素養成效

title: 設計思考導入運動志工課程之教學實踐與學生素養成效

獨立董事反對意見與企業永續發展績效之關聯性

title: 獨立董事反對意見與企業永續發展績效之關聯性

連鎖董事是否會影響ESG之執行成效？

title: 連鎖董事是否會影響ESG之執行成效？

合法權力會計師之價值攸關性是否存在外溢效果?企業生命週期觀點

title: 合法權力會計師之價值攸關性是否存在外溢效果?企業生命週期觀點

公司治理評鑑系統是否存在示警及預警之監督功能?

title: 公司治理評鑑系統是否存在示警及預警之監督功能?

獨立董事連結關係與查核會計師簽證網絡關係是否會影響企業之盈餘管理行為？

title: 獨立董事連結關係與查核會計師簽證網絡關係是否會影響企業之盈餘管理行為？ abstract: 過去研究多僅針對獨立董事個人或會計師個人為企業帶來之影響進行探討，而本文不侷限於「個人」，而是以人與人之間透過學習或工作經驗而產生之「連結關係」或「合作關係」作為探討主軸。本文旨在比較公司之內部監督職能—獨立董事的社會性連結關係，以及外部監督角色—查核會計師的簽證網絡關係，以探討此二各別關係及其交互作用對於企業在進行應計項目盈餘管理之影響。實證發現，總經理與獨立董事若存在專業連結，會允許公司進行向上之裁決性應計數；若進一步觀察會計師簽證網絡關係之交互作用，發現當總經理與獨立董事存在專業連結且主簽會計師之一階簽證網絡關係愈高時，愈不會允許公司調整盈餘向上。希冀透過本文之實證發現，提供實務界及政府主關機關等利害關係人，對於未來獨立董事之資格要件及獨立性品質之認定標準，以及查核會計師選任規範上，更多細微之思考方向。

Do the Social Ties of Interlocking Independent Directors Influence Contagion Effect of Earnings Management?

title: Do the Social Ties of Interlocking Independent Directors Influence Contagion Effect of Earnings Management?

The Impact of Management and Auditor Gender on Earnings Management: Evidence from China

title: The Impact of Management and Auditor Gender on Earnings Management: Evidence from China

ESG Measurement, Peer Effects, and Strategic Financial Management: Lessons from Taiwan

title: ESG Measurement, Peer Effects, and Strategic Financial Management: Lessons from Taiwan

董事會多元性是否會影響 ESG 績效

title: 董事會多元性是否會影響 ESG 績效

ESG Measurement, Peer Effects, and Strategic Financial Management: Lessons from Taiwan

title: ESG Measurement, Peer Effects, and Strategic Financial Management: Lessons from Taiwan

Constructing Financial Support Ecosystem of Innovation Momentum for Semiconductor Industry

title: Constructing Financial Support Ecosystem of Innovation Momentum for Semiconductor Industry abstract: Based on the “social construction of technology” perspective, this study explores the intricate interaction between technological ecosystems and capital markets. It argues that technological innovation fosters the emergence of socio-technical systems with internal dynamics and external environmental influences. Notably, the capital market plays a crucial role within these systems. To ensure efficient operation, information on technological advancements and financial markets needs to circulate freely. This research employs econometric analysis to investigate the co-movement between technological trajectories, the Philadelphia Semiconductor Index (SOX), and the Nasdaq Composite Index (IXIC). By analyzing these key market indicators, the study aims to shed light on the interplay between technological management ecosystems and the macro-economic environment. This analysis contributes to a deeper understanding of how technological developments shape ecosystems and how these ecosystems, in turn, interact with capital market dynamics.

Forecasting Trend of Technological Momentum for Semiconductor Industry

title: Forecasting Trend of Technological Momentum for Semiconductor Industry abstract: The relationship between technology and society is multifaceted. This study acknowledges the influence of both human actors and internal system dynamics on technological progress. While some scholars emphasize either technological determinism or social constructivism, this research adopts a balanced perspective informed by the work of Hughes [1]. Hughes highlights the agency of individuals, governments, and corporations in shaping technology, but also introduces the concept of momentum in sociotechnical systems. This momentum suggests an autonomous evolutionary force within the system, independent of direct human control. To explore this concept, the study utilizes econometric analysis of time series data on patents granted in the semiconductor industry. The goal is to unveil and forecast the trajectory of technological momentum within this industry. By analyzing these trends, the research aims to provide a deeper understanding of the interplay between human influence and the inherent momentum of sociotechnical systems.

Exporting the Innovative Momentum: The Case in the Semiconductor Industry

title: Exporting the Innovative Momentum: The Case in the Semiconductor Industry abstract: The semiconductor industry has evolved in technological intricacy, which has rarely been examined. The current study argues that technological development follows the ontological rule to improve the existing features. A longitudinal study is required to explore the changes in the technological trajectory. It adopts two major approaches to measuring the chaos of the technological trajectory: Lyapunov exponents and the Chow test. The innovation trajectory has changed from the order phase to the chaotic phase. Since 2018, many countries have faced a shortage of IC chips, prompting discussions on self-reliance in chip production as part of national development policies. This issue serves as an incentive to understand the evolution of the semiconductor industry and its current state. The implications of this study can help authorities initiate relatively industrial policy and provide incumbents to thoughtfully consider their technological network strategy and latecomers to precisely posit their technological niche.

Technological Intricacy and Technological Regime Changes

title: Technological Intricacy and Technological Regime Changes abstract: The evolution of technology demonstrates changes in technological efficiency and reflects mutations in firms' behaviors. Over the past four decades, the semiconductor industry has undergone changes characterized by fragmentation opportunities, transient appropriability, and segmental cumulativeness. However, the understanding of which firm behaviors drive these industry changes remains insufficient. This study aims to investigate how the technology-intensive industry evolves. The perspective of the technology network provides an analytic framework for understanding this knowledge-based industry. The implications of current industry features suggest that firms should strategize within specific technological niches.

Unleashing the Synergy of Technological Advancement and Capital Market Forces: A Comprehensive Analysis of the Semiconductor Industry

title: Unleashing the Synergy of Technological Advancement and Capital Market Forces: A Comprehensive Analysis of the Semiconductor Industry

Synergizing Technology and Capital: Delving into the Semiconductor Industry's Financial Landscape.

title: Synergizing Technology and Capital: Delving into the Semiconductor Industry's Financial Landscape.

受控外國公司法規對公司股價及投資決策之影響

title: 受控外國公司法規對公司股價及投資決策之影響

The Impact of Corporate Tax Evasion on Tax Avoidance Behavior of Industrial Peer Firms.

title: The Impact of Corporate Tax Evasion on Tax Avoidance Behavior of Industrial Peer Firms.

Do Critical Audit Matters Resolve Investors’ Concerns over Audit Quality? Evidence from Financial Restatements in the U.S.

title: Do Critical Audit Matters Resolve Investors’ Concerns over Audit Quality? Evidence from Financial Restatements in the U.S.

Does Income Smoothing through Fair Value Gains or Losses Improve or Worsen Earnings Informativeness in the Banking Industry?

title: Does Income Smoothing through Fair Value Gains or Losses Improve or Worsen Earnings Informativeness in the Banking Industry?

女性董事對ESG績效的影響：兼論董事獨立性與ESG風險的調節效果

title: 女性董事對ESG績效的影響：兼論董事獨立性與ESG風險的調節效果

女性董事對股利支付的影響：兼論董事獨立性與公司治理的調節效果

title: 女性董事對股利支付的影響：兼論董事獨立性與公司治理的調節效果

企業現金持有量與現金股利之關聯性：兼論女性董事的調節效果

title: 企業現金持有量與現金股利之關聯性：兼論女性董事的調節效果 abstract: 本研究主要探討台灣上市櫃公司現金持有量與現金股利政策之間的關聯性，並進一步分析女性董事對該關係之調節效果。根據代理理論，過高的現金持有量可能降低現金股利發放率，因為管理階層希望保留資金以維持其控制權。訊號理論也認為，若公司管理階層認為未來具有投資機會，或是面臨較高的不確定性，會傾向於保留更多現金在手上，減少發放現金股利，以增加其資金運用的靈活性。此外，董事會的性別多元化可能對企業財務決策產生影響，女性董事因具備審慎監督的特性，可能傾向將股利發放作為公司治理工具；然而，她們也普遍具有風險規避傾向，因此可能選擇保留更多現金，而非發放現金股利，以上兩者將會產生不同之調節效果，而這也是本研究的目的之一。本研究採用多元迴歸檢驗研究變數，選取台灣上市櫃公司2019至2023年的數據，分析企業現金持有量對於現金股利發放的影響，並檢驗女性董事比例在其中的調節作用。研究結果顯示，企業現金持有量對現金股利具有顯著的負向影響，即企業持有較多現金時，傾向於降低現金股利發放，研究結果符合假說預期，且女性董事的調節效果亦具顯著性，現金持有量對現金股利的影響由負向轉為正向，顯示在女性董事比例較高的企業中，較高的現金持有量反而可能促使企業提高現金股利發放。本研究的結果有助於深化對公司財務決策與治理機制的理解，特別是如何在現金持有量及現金股利的發放之間取得平衡，並為企業在董事會組成與財務政策制定方面提供參考依據。研究之證實結果可補充現存現金股利政策之文獻，為投資人提供決策制定之參考。

公司績效對股價的關係-關鍵查核事項的調節效果

title: 公司績效對股價的關係-關鍵查核事項的調節效果 abstract: 本研究旨在探討關鍵查核事項是否會在公司績效對股價的影響中產生調節效果，並以2016年至2022年的臺灣上市上櫃公司作為研究對象。新式查核報告出現的目的，不僅是希望以更嚴謹的方式，監督企業的營運狀況，更重要的是促進會計師與企業的溝通，讓其能夠更了解企業可能發生的潛在風險，並且將此資訊揭露於關鍵查核事項段，同時也增進了與投資人間的溝通，幫助其完善投資策略，因此，本文將核心聚焦於關鍵查核事項，探討當KAM內容越多時，投資人對於企業所揭露的公司績效是否會出現懷疑或保留態度，亦即當KAM字數及項次越多時，是否會弱化績效對股價的影響，實證結果顯示，無論KAM以揭露字數或揭露項次衡量，以及公司績效不管是以資產報酬率、股東權益報酬率、TOBINSQ及每股盈餘衡量，均減緩了績效對股價的正向影響，表明關鍵查核事項的揭露，確實能夠使投資人對原來企業所揭露的公司績效出現懷疑或保留態度，因此才弱化了對股價的正向影響。整體而言，透過本研究之實證結果，關鍵查核事項是具有資訊價值，且具有警示作用，能為社會大眾揭露更深層的企業風險資訊，藉此更全面的了解企業，完善投資決策。

公司績效與股價的關係-漂綠行為的調節效果

title: 公司績效與股價的關係-漂綠行為的調節效果 abstract: 本研究以2016年至2023年臺灣上市櫃公司為研究樣本，探討企業績效與股價之關係，並以漂綠行為作為調節變數，進一步區分短期與長期影響。企業績效以ROA與ROE衡量，漂綠行為則依據永續揭露程度與實質作為之差距衡量。實證結果發現，企業績效對股價具顯著正向影響，顯示財務表現良好之企業能獲得市場正面評價；而漂綠行為本身對股價呈現顯著負向關係，代表投資人普遍不信任虛偽或過度包裝的永續資訊。在調節效果方面，漂綠行為會在短期內削弱企業績效對股價的正向影響，顯示短期內市場對企業永續作為的真實性已具疑慮；然而在長期部分，漂綠行為呈現正向調節效果，顯示若企業能持續改善實質永續作為，原有的負面觀感可能隨時間被修正。額外測試亦顯示，在高污染產業中，漂綠行為具顯著負向調節效果，反映投資人對該產業永續資訊特別敏感；相較之下，非高污染產業之調節效果較弱。在所有權結構方面，非家族企業中漂綠行為亦顯著削弱績效對股價的影響，家族企業則因其聲譽基礎與治理穩定性，未出現明顯負向調節效果。整體而言，本研究證實漂綠行為對企業績效與股價關係確具調節效果，且此一影響具備時間性與企業屬性差異性，對企業永續策略擬定與投資人決策提供重要參考依據。

以企業生命週期觀點探討ESG 變動幅度對企業價值變動幅度之影響

title: 以企業生命週期觀點探討ESG 變動幅度對企業價值變動幅度之影響 abstract: 本研究以台灣上市上櫃企業為研究對象，探討 ESG 分數變動幅度對企業價值變動幅度之影響，並進一步納入企業生命週期作為調節變數，以分析不同生命週期階段下 ESG 表現之差異效果。此外，亦延伸探討 ESG 爭議事件變動幅度對企業價值變動幅度之影響，並檢驗 ESG 等級作為調節變數之效果。實證結果顯示，ESG 分數變動幅度對資產報酬率與股東權益報酬率之變動幅度呈顯著負向影響。進一步分析遞延效果，發現 ESG 分數變動幅度對資產報酬率與股東權益報酬率之變動幅度在遞延一年與遞延兩年時產生顯著負向效果。此外，企業生命週期調節結果顯示，創始期與成熟期之企業其ESG與企業價值之關係具顯著調節效果，成長期則不具顯著性。另外，在 ESG 爭議事件，其變動幅度對企業價值變動幅度不具顯著影響，進一步分析遞延效果，發現 ESG 爭議事件變動幅度對資產報酬率與股東權益報酬率之變動幅度在遞延一年時呈顯著負向效果，惟股東權益報酬率於遞延三年時出現顯著正向效果。最後，ESG 等級之調節結果顯示，領先等級與落後等級之企業皆未顯著調節 ESG 爭議事件與企業價值間之關係。整體而言，ESG 與 ESG 爭議事件變動對企業價值之影響受構面特性與企業階段差異所影響。

集團企業之ESG績效、租稅規避與價值攸關性：集團企業之整合策略

title: 集團企業之ESG績效、租稅規避與價值攸關性：集團企業之整合策略

ESG是否能降低企業之債務及權益資金成本 ?企業生命週期觀點

title: ESG是否能降低企業之債務及權益資金成本 ?企業生命週期觀點

ESG績效和經理人超額薪酬之關係

title: ESG績效和經理人超額薪酬之關係