ESG績效與分析師關注程度對公司股價報酬率之影響

NCUIR > School of Management at National Central University > Graduate Institute of Finance > Electronic Thesis & Dissertation > Item 987654321/89538

Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/89538

Title:	ESG績效與分析師關注程度對公司股價報酬率之影響
Authors:	廖家曼;Liao, Jia-Man
Contributors:	財務金融學系
Keywords:	ESG;股價報酬;分析師關注
Date:	2022-07-07
Issue Date:	2022-10-04 11:44:15 (UTC+8)
Publisher:	國立中央大學
Abstract:	本研究主要探討公司ESG績效及分析師對公司關注評等次數對於公司股價報酬率之影響。實證結果顯示，ESG分數對公司股價報酬率並無顯著影響，又以環境（E）對公司股價報酬率有正面影響。分析師關注程度對股價報酬率部分，分析師越關注的公司對於股價報酬率有正面影響。國外券商在給予加碼、超越市場表現方面次數越多，對於股價報酬率有正面影響。本國券商在給予中立、減碼、低於市場表現方面次數越多，對於股價報酬率有負面影響。總和本國及國外券商在給予加碼、超越市場表現評等數越多，對公司股價報酬率有正向影響。;This paper mainly examines the impact of the company′s ESG performance and analysts′ attention to the company′s rating on the stock return. The empirical results show that ESG scores have no significant impact on the company′s stock return, and the environment (E) scores has a positive impact on the stock return. The analysts pay more attention to company, have a positive impact on the stock return. The more foreign analysts give overweight and outperform rating, the more positive impact on the stock return. The more domestic analysts give neutrality, underweight, and underperform rating, the more negatively affect the stock return. The more domestic and foreign analysts give overweight and outperform rating, the more positive impact on the stock return.
Appears in Collections:	[Graduate Institute of Finance] Electronic Thesis & Dissertation

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