| dc.contributor | 國貿系 | |
| dc.creator (作者) | 徐政義;魏慧珊 | |
| dc.creator (作者) | Shiu, Cheng-Yi;Wei, Hui-Shan | |
| dc.date (日期) | 2025-12 | |
| dc.date.accessioned | 3-Feb-2026 11:37:14 (UTC+8) | - |
| dc.date.available | 3-Feb-2026 11:37:14 (UTC+8) | - |
| dc.date.issued (上傳時間) | 3-Feb-2026 11:37:14 (UTC+8) | - |
| dc.identifier.uri (URI) | https://ah.lib.nccu.edu.tw/item?item_id=181168 | - |
| dc.description.abstract (摘要) | This study examines whether sovereign wealth funds (SWFs) enhance the ESG performance of their investee firms worldwide. Using data from 43 SWFs and over 65,000 firm-year observations across 40 countries from 2008 to 2021, we find a positive association between SWF ownership and ESG performance. The association is primarily driven by UN PRI signatory SWFs that employ both screening and engagement strategies. The results are robust across markets, ESG data providers, and endogeneity concerns, suggesting that PRI SWFs can actively contribute to promoting ESG practices within their investee companies. PRI SWFs are socially responsible investors, whereas non-PRI SWFs are not. | |
| dc.description.abstract (摘要) | 本文探討主權財富基金（SWFs）能否提升投資企業之ESG績效。研究涵蓋2008至2021年間43個SWFs在40國的持股資料，資料逾6.5萬筆樣本，發現SWFs持股與ESG績效呈正向關聯，其主要由簽署聯合國責任投資原則的PRI SWFs所推動，並同時採篩選與參與策略。結果在不同市場、ESG資料及內生性疑慮下均具穩健性，故PRI SWFs為社會責任投資者，但無簽署PRI的SWFs則不是。 | |
| dc.format.extent | 109 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Journal of Financial Studies (財務金融學刊), Vol.33, No.4, pp.87-140 | |
| dc.subject (關鍵詞) | Environmental, Social, and Corporate Governance (ESG); Sovereign wealth fund; UN PRI signatory | |
| dc.subject (關鍵詞) | 環境、社會與公司治理（ESG）; 主權財富基金; 聯合國責任投資原則簽署者 | |
| dc.title (題名) | Are Sovereign Wealth Funds Responsible Investors? Global Evidence | |
| dc.title (題名) | 主權財富基金是否為責任投資者？全球實證分析 | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.6545/JFS.202512_33(4).0003 | |
| dc.doi.uri (DOI) | https://doi.org/10.6545/JFS.202512_33(4).0003 | |
