供应链中的ESG同伴溢出效应：来自台湾半导体产业的证据

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE

International Review of Economics & Finance Pub Date : 2025-04-01 DOI:10.1016/j.iref.2025.104082

Donald Lien , Lie-Huey Wang

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引用次数: 0

摘要

本研究以2015年至2020年在台湾证券交易所上市的271家半导体公司为研究对象，探讨环境、社会与治理（ESG）溢出效应是否会透过横向同业及垂直上、中、下游产业沿供应链扩散。研究结果表明，产业间存在横向溢出效应，且上游产业的横向溢出效应强于中游和下游产业。此外，前沿产业（客户）对落后产业（供应商）具有正向的垂直溢出效应。我们还发现，高收入联系具有显著的调节作用，而高成本联系则没有。综上所述，台湾半导体供应链透过网路连结，对ESG评分的环境支柱具有垂直外溢效应。

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ESG peer spillover effect in supply chain: Evidence from Taiwan semiconductor industry

In this study, we collected data from 271 semiconductor companies listed on the Taiwan Stock Exchange from 2015 to 2020 to determine whether environmental, social, and governance (ESG) spillovers propagate along supply chains through horizontal peers and vertical upstream, midstream, and downstream sectors. The results indicate the presence of a horizontal peer spillover effect that was more significant in the upstream industries than in the midstream and downstream industries. In addition, the forward industry (customers) had a positive vertical spillover effect on the backward industry (suppliers). We also identified a significant moderating effect from high-revenue linkages but not from high-cost linkages. Taken together, these findings indicate that through network linkages, Taiwan's semiconductor supply chain has a vertical spillover effect on the environmental pillar of ESG scores.

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来源期刊

International Review of Economics & Finance Multiple-

CiteScore

7.30

自引率

2.20%

发文量

253

期刊介绍： The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.