社會責任投資已成為國際投資趨勢，投資者將投資標的永續表現納入投資策略分析，預期長期而言不只會獲得財務報酬，更能為社會與環境帶來正面影響。台灣除了發行了第一個永續指數，更於2018年入選道瓊永續的企業創歷史新高，企圖運用資本市場的拉力，促進企業積極參與企業社會責任。本研究以三重底線原則為依歸，採用差異中差異迴歸模型分析，探討21間台灣入選企業的財務績效、環境責任與社會責任。研究發現入選企業的慈善行為較高，以及過度高估投資者對永續指數的評價。本研究整合財務與永續績效，以量化方式展現台灣永續發展現況。

Socially responsible investment (SRI) has almost become an inexorable trend, an increasing number of investors value corporate social responsibility (CSR) engagement, with the sustainable goal that not only examines a company’s financial performance but also social and environmental impact. In response to global development of capital market, Taiwan published the first sustainable investing index; moreover, Taiwanese companies recognized by Dow Jones Sustainability Indexes (DJSI) and achieved record-breaking members in 2018.
The study examines accounting framework of triple bottom line (TBL) based on difference in difference (DID) model and evaluates the sustainable performance of profit, planet, and people over 21 companies in Taiwan. Research explores corporate philanthropy has significant contributions and shareholder reactions to sustainability are overestimated. The study highlights the insight of empirical research on the impact of Taiwan CSR development.

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網際網路
台灣永續指數, 2018, https://www.taiwanindex.com.tw/index/index/F4GTTE
Global Sustainable Investment Review, 2018, http://www.gsi-alliance.org
Measuring Intangibles : Robecosam’S Corporate Sustainability Assessment Methodology, 2018, https://www.robecosam.com/
Principles for Responsible Investment Annual Report, 2018, https://www.unpri.org/annual-report-2018
SAM’s Corporate Sustainability Assessment Companion, 2019, https://www.robecosam.com/
Sustainability storytelling in the digital age: The future of reporting, 2018, http://csr-asia.com/
What is sustainable, responsible and impact investing, 2019, https://www.ussif.org/sribasics