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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/58712
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/58712


    Title: 責任型投資組合之績效表現
    The Performance of Socially Responsible Investment Portfolio
    Authors: 彭紹奎
    Contributors: 周行一
    彭紹奎
    Keywords: 企業社會責任
    責任型投資
    企業風險
    Date: 2012
    Issue Date: 2013-07-01 17:44:00 (UTC+8)
    Abstract: 近年來企業推行企業社會責任的行動廣為流行,成為了所有企業主要推行的目標,尤其在全球不斷暖化、氣候變遷、勞工罷工、血汗工廠…等相關環境、勞工的議題不斷浮出檯面,企業社會責任更成為了企業不得不面對的問題,責任型投資因為這股思潮,相關的投資商品及選股模式也在各大交易所間盛行,責任型投資更成為了投資人投資時的考慮投資標的之一。
    本研究透過台灣永續能源研究基金會每年所評選出的良好企業社會責任企業,去建構一責任型投資組合,利用配對法(matching method)與另一個對照組投資組合報酬率相比,試圖找出是否真的良好企業社會責任的企業有較佳的報酬率,此外也觀察此樣本在其獲獎後,看其企業的風險是否有因為良好的揭露企業社會責任而降低,藉此比較兩投資組合之風險值與檢驗企業在實行企業社會責任後能否有效降低企業的風險。實證結果顯示雖然在每年責任型投資組合之報酬率未必比對照組投資組合來的好,但是長期投資績效卻高於對照投資組合,且責任型投資組合之風險較低,在相同的風險承擔之下,可以獲取較高的報酬,而在企業實行企業社會責任後的確能降低企業風險,使企業以較便宜的資金成本取得資金,提升企業的價值,所以建議未來投資人在選股時應將企業之企業社會責任表現加入一併考慮,建構一個長期且穩定的獲利的投資組合。
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    Description: 碩士
    國立政治大學
    財務管理研究所
    100357007
    101
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0100357007
    Data Type: thesis
    Appears in Collections:[財務管理學系] 學位論文

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