環境、社會以及治理對台美半導體產業效率之影響

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Please use this identifier to cite or link to this item: https://irlib.pccu.edu.tw/handle/987654321/53550

Title:	環境、社會以及治理對台美半導體產業效率之影響 The Impact of Environment, Society and Governance on the Efficiency between Taiwan and US Semiconductor Industry
Authors:	陳宏誌
Contributors:	財務金融學系
Keywords:	環境社會公司治理半導體產業 Environmental Social Governance Semiconductor Industry
Date:	2024
Issue Date:	2024-08-02 14:59:41 (UTC+8)
Abstract:	環境、社會和公司治理(Environmental, Social, and Governance, ESG)是近年來備受矚目的議題。因此，本研究針對台美半導體產業探討環境(E)、社會(S)和治理(G)對其績效的影響。本研究以2013 年到2022年之美國、台灣半導體產業公司為研究對象。採用隨機邊界法(Stochastic Frontier Approach, SFA)分別估計E、S、G 及特徵變數對美國、台灣半導體產業績效之影響；之後採共同隨機邊界法(Stochastic Metafrontier Approach, SMA)進行比較美國、台灣半導體產業之技術缺口比率(Technology Gap Ratios, TGR)及共同邊界技術效率(Meta-Froniter Technical Efficiency, MTE)。實證結果顯示落實環境保護有助於提升台灣半導體產業之技術效率，反之，美國半導體產業落實環境保護會增加成本，進而降低其技術效率；而提升社會責任會增加企業運營成本，降低台灣半導體產業之技術效率，美國半導體產業落實社會責任則有助於提升其技術效率；強化公司治理亦會提升台灣半導體產業、美國半導體產業之技術效率。無論是技術缺口效率(TGR)或共同技術效率(MTE)，台灣半導體產業效率優於美國半導體產業效率。 In recent years, there has been a significant increase in the attention paid to environmental, social, and governance (ESG) issues. This study therefore investigates the impact of environmental (E), social (S), and governance (G) factors on the performance of the semiconductor industry in Taiwan and the United States. The study focuses on semiconductor companies from 2013 to 2022 in these two countries. The Stochastic Frontier Approach (SFA) is employed to separately estimate the effects of E, S, G, and characteristic variables on the performance of the semiconductor industry in both the US and Taiwan. Subsequently, the Stochastic Metafrontier Approach (SMA) is used to compare the Technology Gap Ratios (TGR) and Meta Technical Efficiency (MTE) between the US and Taiwan semiconductor industries. Empirical results show that implementing environmental protection helps to enhance the technical efficiency of Taiwanese semiconductor industry, whereas in the US, implementing environmental protection increases costs and thus reduces technical efficiency. Conversely, enhancing social responsibility increases operating costs and reduces the technical efficiency of Taiwanese semiconductor industry, while in the US, implementing social responsibility helps to improve its technical efficiency. Furthermore, the strengthening of corporate governance also enhances technical efficiency in both the Taiwanese and US semiconductor industries. Regardless of whether the analysis is conducted using TGR or MTE, the efficiency of the Taiwanese semiconductor industry is found to be superior to that of the US semiconductor industry.
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