研究生: |
黃雅暄 HUANG, Ya-Hsuan |
---|---|
論文名稱: |
ESG主題式基金是否具有網路搜尋效果?-以半導體產業為例 Do ESG-Themed Funds have Internet Search Effects?-Evidence from the Semiconductor Industry |
指導教授: |
賴慧文
Lai, Whuei-Wen |
口試委員: |
張森林
JHANG, Sen-Lin 蔡蒔銓 TSAI, Shin-Chuan 賴慧文 Lai, Whuei-Wen |
口試日期: | 2022/07/29 |
學位類別: |
碩士 Master |
系所名稱: |
管理研究所 Graduate Institute of Management |
論文出版年: | 2022 |
畢業學年度: | 110 |
語文別: | 中文 |
論文頁數: | 43 |
中文關鍵詞: | ESG主題式基金 、股票報酬 、本益比 、異常搜尋量指數 |
英文關鍵詞: | ESG-Themed Funds, Stock Return, Price-Earnings Ratio, Abnormal Search Volume Index |
研究方法: | 次級資料分析 |
DOI URL: | http://doi.org/10.6345/NTNU202201669 |
論文種類: | 學術論文 |
相關次數: | 點閱:119 下載:15 |
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本研究主要探討公司在加入ESG 主題式基金時,是否對於公司股票報酬以及公司本益比有所提升,也使用異常搜尋量指數作為探究公司加入ESG 主題式基金後,市場上投資人的網路搜尋量是否有所提升之衡量。實證結果顯示,公司在加入ESG主題式基金後,對於公司股票報酬以及公司本益比的確有所提升;然而,在公司加入ESG 主題式基金後並不會影響公司股票的異常搜尋量指數(Abnormal Search Volume Index, ASVI),但是隨著公司被ESG 主題式基金投資的比重上升,公司股票之異常搜尋量指數則會隨之上升,且具有統計顯著性。因此公司加入ESG 主題式基金會吸引投資人關注,並因此提高股票報酬以及本益比。
This study investigates whether the stock return and the company's price-earnings ratio have improved once the company was added into the ESG-themed funds. This study also measures the Abnormal Search Volume Index after a company’s stock was added into the ESG-themed fund. The empirical results show that when a company was added into the ESG-themed fund, the stock return and the price-earnings ratio do increase. However, after a company was added into the ESG-themed fund, it does not affect Abnormal Search Volume Index. As the proportion of a company’s outstanding shares invested by ESG-themed funds increased, there is a statistically significant increase in Abnormal Search Volume Index for the company. Therefore, to some extent listing in the ESG-themed funds can attract the attention of investors and then provide a positive impact on a company’s stock return and price-earnings ratio.
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