The Concave-Convex Effects of Environmental, Social and Governance on High-Tech Firm Value: Quantile Regression Approach

doi:10.1002/csr.2289

淡江大學機構典藏 > 商管學院 > 企業管理學系暨研究所 > 期刊論文 > Item 987654321/123221

jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/123221

题名:	The Concave-Convex Effects of Environmental, Social and Governance on High-Tech Firm Value: Quantile Regression Approach
作者:	Wu, Kun-Shan;Chang, Bao-Guang
关键词:	environmental;firm value;high-tech industry;quantile regression;social and governance;stakeholder engagement;sustainable development;Taiwan
日期:	2022-09-06
上传时间:	2023-04-28 17:19:28 (UTC+8)
出版者:	John Wiley & Sons Ltd.
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.
關聯:	Corporate Social Responsibility and Environmental Management 29(5), p.1527-1545
DOI:	10.1002/csr.2289
显示于类别:	[企業管理學系暨研究所] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
index.html		0Kb	HTML	67	检视/开启

在機構典藏中所有的数据项都受到原著作权保护.

TAIR相关文章

数据加载中.....