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| Title | Institutional investor stewardship and material sustainability information: Evidence from Taiwan |
| Creator | 楊曉文 Yang, Sharon S.;Huang, Jr-Wei;Li, Wei-Hsien |
| Contributor | 金融系 |
| Key Words | Institutional investors; Stewardship; CSR; ESG |
| Date | 2024-06 |
| Date Issued | 2024-12-12 |
| Summary | Institutional investors generally promote better sustainability disclosure and performance quality, which emphasize environment, social, and governance (ESG) development. Utilizing the SASB standards that improve the financial materiality of sustainability information, we find that institutional investors in Taiwan foster both material and immaterial ESG disclosure and performance. Thus, institutional investors seem to target the common good and follow the stewardship code instead of focusing only on ESG performance that closely relates to firm value. Our findings are driven by domestic rather than foreign institutional investors, suggesting that domestic institutions enjoy some information advantage and therefore drive ESG improvements more efficiently. |
| Relation | Pacific-Basin Finance Journal, Vol.85, 102382 |
| Type | article |
| DOI | https://doi.org/10.1016/j.pacfin.2024.102382 |
| dc.contributor | 金融系 | |
| dc.creator (作者) | 楊曉文 | |
| dc.creator (作者) | Yang, Sharon S.;Huang, Jr-Wei;Li, Wei-Hsien | |
| dc.date (日期) | 2024-06 | |
| dc.date.accessioned | 2024-12-12 | - |
| dc.date.available | 2024-12-12 | - |
| dc.date.issued (上傳時間) | 2024-12-12 | - |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/154659 | - |
| dc.description.abstract (摘要) | Institutional investors generally promote better sustainability disclosure and performance quality, which emphasize environment, social, and governance (ESG) development. Utilizing the SASB standards that improve the financial materiality of sustainability information, we find that institutional investors in Taiwan foster both material and immaterial ESG disclosure and performance. Thus, institutional investors seem to target the common good and follow the stewardship code instead of focusing only on ESG performance that closely relates to firm value. Our findings are driven by domestic rather than foreign institutional investors, suggesting that domestic institutions enjoy some information advantage and therefore drive ESG improvements more efficiently. | |
| dc.format.extent | 108 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Pacific-Basin Finance Journal, Vol.85, 102382 | |
| dc.subject (關鍵詞) | Institutional investors; Stewardship; CSR; ESG | |
| dc.title (題名) | Institutional investor stewardship and material sustainability information: Evidence from Taiwan | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.pacfin.2024.102382 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.pacfin.2024.102382 |