本研究係以 2015 年至 2022年之台灣上市櫃食品公司為主要研究對象，使用的灣經濟新報（Taiwan Economic Journal, TEJ）的 TESG 永續發展解決方案子資料庫。研究分析以環境、社會和公司治理與財務績效之關聯性，加入主客群性別調節變數分析以女性為客群與財務績效之關聯性，再進一步分析女性主客群的企業對於環境、社會和公司治理各構面對財務績效之關聯性。實證結果顯示，環境、社會和公司治理財務績效指標 ROA 、ROE 及 Tobin’s Q 具不顯著關係，且環境、社會和公司治理整體分數總分對性別調節變數均不顯著。但是將環境、社會和公司治理分別計算後環境構面分數，ROA 、ROE 不顯著但 Tobin’s Q 具顯著關係，公司治理構面則 ROA 、ROE 顯著但 Tobin’s Q 不顯著關係，並且主客群為女性調節變數為正向關聯。;This study focuses on Taiwan’s listed counter food companies from 2015 to 2022, using the TESG sustainable development solutions sub-database of Taiwan Economic Journal (TEJ). The study analyzes the correlation between environment, society and corporate governance and financial performance, adds the gender moderating variable of the host and customer groups to analyze the correlation between women as the customer group and financial performance, and then further analyzes the impact of enterprises with female customer groups on the environment, society and corporate governance. The relevance of each aspect to financial performance. The empirical results show that the environmental, social and corporate governance financial performance indicators ROA, ROE and Tobin’s Q have an insignificant correlation, and the overall environmental, social and corporate governance score is not significant correlation on the gender moderating variable. However, after calculating the environment, society and corporate governance separately, the environmental aspect score shows that ROA and ROE are not significant correlation but Tobin′s Q has a significant correlation. For the corporate governance aspect, ROA and ROE are significant but Tobin′s Q has an insignificant correlation, and the host and customer groups are adjusted by women. Variables are positively correlated.
