本研究旨在探討ESG績效對公司價值的影響，針對家族企業和非家族企業進行區分，以瞭解它們在ESG績效與公司價值關聯性方面的差異。根據實證結果顯示，ESG績效與公司價值之間的正向關係，在家族企業中比非家族企業更為顯著。而本研究也進一步將環境、社會和公司治理構面三者分別分析，其中又以社會及公司治理構面的影響最為顯著，環境構面並無顯著差異。本研究提供在ESG影響下，家族企業和非家族企業於公司價值上是否存在差異，且進一步給予ESG發展相對較慢的企業可借鑑之方向。

The study explores the impact of Environmental, Social, and Governance (ESG) performance on firm value, with a focus on distinguishing between family firms and non-family firms to understand the differences in their association between ESG performance and firm value. The empirical results indicate the positive relationship between ESG performance and firm value is more significant in family firms than in non-family firms. Additionally, this study further analyzes the three dimensions of environmental, social, and governance separately, with the effect of social and governance dimensions being the most significant, while the environmental dimension shows no significant difference. This study provides insights into whether there are differences in firm value between family firms and non-family firms under the effect of ESG, and further offers directions for companies with relatively slower ESG development to emulate.

中文部分
黃素慧、黃劭彥、洪嘉聲與林萱霈，2011，公司治理是否能增加我國家族企業之企業價值，經營管理論叢，第7卷第2期：13-37。
郭翠菱與王志洋，2017，公司治理如何影響家族企業之績效？長期縱貫分析，會計評論，第64期： 61-111。
英文部分
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