Sustainable Finance Research Centre

Sustainable Finance Research Group

永續金融研究學群

Contact:

侯介澤教授

研究室：C437

國立東華大學財務金融學系

電話：03-890-3142

E-mail: houc@gms.ndhu.edu.tw

Professor Tony Chieh-Tse Hou

Room C437, College of Management, Department of Finance, National Dong Hwa University, 974, Taiwan

E-mail: houc@gms.ndhu.edu.tw

Tel. +886-(0)3-890-3142

Fax. +886-(0)3-890-0155

Research Interests

We are interested in financial economics and the theory of the firm, with a focus on capital markets, financial institutions, corporate finance, corporate governance, and the economics of organizations. Our research also covers corporate social responsibility, carbon finance, and sustainability-related issues, examining how firms and markets respond to environmental challenges and regulatory changes. Additionally, we explore the roles of innovation, policy, and behavioral factors in shaping corporate decisions and financial outcomes.

研究興趣

本研究關注財務經濟學與企業理論，涵蓋資本市場、金融機構、公司理財、公司治理及組織經濟學等領域。同時亦探討企業社會責任、碳金融與永續發展相關議題，分析企業與市場對環境挑戰及政策規範之因應。此外，亦關注創新、政策及行為因素對企業決策與財務績效之影響

綠色金融重要措施及成效/ ESG與投資/ 交通科技產業政策與發展/ 碳中和、碳權交易

Research students：

Doctoral 2027

Satris Darma, M.E. E-mail: satriadarma@stain-madina.ac.id, 81130B004@gms.ndhu.edu.tw

論文名稱: Economic Climate and Green Sukuk

Doctoral 2025

王朝賢/CHAUR-SHYAN WANG E-mail: 810732003@gms.ndhu.edu.tw

論文名稱: 企業社會責任的三個議題

GRIFFIN MSEFULA E-mail: 811032009@gms.ndhu.edu.tw

論文名稱: Examining the Effectiveness of Carbon Pricing in Response to the Double Dividend Theorem: Evidence from the Transport Sector

ARY YUNITA ANGGRAENI E-mail: 811042002@gms.ndhu.edu.tw

論文名稱: The Influence of Women on Boards and Religious Diversity on Environmental, Social, and Governance Performance in ASEAN-6 Companies.

Post Grad. 2026/2027

王俊達 611336036@gms.ndhu.edu.tw

論文名稱: 企業永續中的因果推斷：臺灣ESG實證研究

Causal Inference in Corporate Sustainability: Empirical Evidence from ESG in Taiwan

李宜璇 611436004@gms.ndhu.edu.tw

論文名稱: 永續金融是否能推動淨零轉型/ 臺灣資本市場隱含碳價與資金成本

李秉諺 611336038@gms.ndhu.edu.tw

論文名稱: 永續揭露準則（IFRS S1/S2）下重大性判斷與公司價值關聯性之研究

The Impact of Material and Immaterial Factors on Firm Value under IFRS S1 and S2

廖彥凱 611436008@gms.ndhu.edu.tw

論文名稱: Economic consequence and greenwash

王彥凱 611436001@gms.ndhu.edu.tw

論文名稱:Do Firms Discipline Greenwashing? Evidence from CEO Turnover and Governance

吳欣容 411136053@gms.ndhu.edu.tw

洗錢防制監理強度對個別銀行績效之影響--來自台灣銀行業之實證分析

The Impact of AML Regulatory Intensity on Individual Bank Performance: Evidence from Taiwanese Banks

Co-supervisor: 蔣念祖教授

NGUYEN HOANG TUYET ANH 611436021@gms.ndhu.edu.tw

Co-supervisor: 羅德謙教授

ALEXIS KAWENS KAHADER ALEXIS KAWENS KAHADER 611436013@gms.ndhu.edu.tw

Co-supervisor: 羅德謙教授

JEAN-MARIE JEAN-GILDA 611436012@gms.ndhu.edu.tw

論文名稱:Green Bond Premium in the Caribbean and its impact on Financing Cost and Climate-Resilience.

Co-supervisor: 羅德謙教授

TINA LEMESI 611436016@gms.ndhu.edu.tw

論文名稱:Financing the Green Transition: The Impact of Green Bonds on Green Exports in Bilateral Trade.

Post Grad. 2025/2026

鍾羽婷 611336006@gms.ndhu.edu.tw

論文名稱: 從治理到績效：電子支付公司財務表現的決定因素

The Impact of Governance Mechanisms on Financial Outcomes of E-Payment Firms 2026/6

吳婷瑜 611336022@gms.ndhu.edu.tw

論文名稱: 再探杜邦分析框架：公司績效衡量的功能

Reassessing the DuPont Framework 2026/6

MUHAMMAD ALVIN RUSDI 611336033@gms.ndhu.edu.tw

論文名稱: 碳洩漏與污染天堂假說之實證檢驗

Empirical Examination of Carbon Leakage and the Pollution Haven Hypothesis

陳信全 611236017@gms.ndhu.edu.tw

論文名稱: 判決大數據分析

Co-supervisor: 林金龍教授

高鵬 611336015@gms.ndhu.edu.tw

論文名稱: 社會投資與投資人傾向：來自大學生問卷的實證研究

Social Investing and Investor Tendencies: Evidence from a College Student Survey

吳秉新 611336019@gms.ndhu.edu.tw

Post Grad. 2024/2025

朱瑋 <611236025@gms.ndhu.edu.tw>

論文名稱: 碳定價對德國企業財務策略的影響

蘇韓姿 <410936002@gms.ndhu.edu.tw>

論文名稱: ESG and corporate value

蘇煒棻 <41090a004@gms.ndhu.edu.tw>

論文名稱: ESG負面新聞對公司財務績效的影響

林心雅 <611236012@gms.ndhu.edu.tw>

論文名稱: ESG重大性與非重大性因素對公司財務績效的影響

楊詠晴 <611236035@gms.ndhu.edu.tw>

論文名稱: 永續委員會和董事會對企業永續評級和碳排放的影響

NIDHI THOMAS <611236027@gms.ndhu.edu.tw>

論文名稱: Environmental Policy Stringency and Corporate Social Responsibility in Germany’s Energy Sector

Siboniso B Malinga

論文名稱: 碳排放、分析師覆蓋與對外貿易：中國市場的解析

Post Grad. 2023/2024

王茵姿 Email: 611136032@gms.ndhu.edu.tw

論文名稱: 漂綠行為與財務績效的關聯：CEO雙元性調節效應分析

黃承元 Email: 611036007@gms.ndhu.edu.tw

論文名稱: 碳排放和碳揭露對企業價值的影響 -以臺灣上市公司為例

李嘉宸 Email: 410836029@gms.ndhu.edu.tw

論文名稱: 企業社會責任揭露與債務資金成本之探討

黃靖祺 Email: 410836046@gms.ndhu.edu.tw

論文名稱: 永續報告書揭露質量對企業價值及財務績效之影響-以臺灣上市公司為例

(2024 富邦人壽管理博碩士論文獎：財務金融、會計與風險管理佳作)

Post Grad. 2022/2023

蘇菲亞 E-mail: 611136001@gms.ndhu.edu.tw

論文名稱: 碳揭露與財務績效之關聯性: 以日本上市公司為例

Carbon disclosure and financial performance: Evidence from Japan listed companies

(2023富邦人壽管理博碩士論文獎：財務金融、會計與風險管理佳作)

古庭瑛 E-mail: 610936008@gms.ndhu.edu.tw

論文名稱: 投資人關注度、企業社會責任與公司績效—以台灣上市公司為例

Investor Attention, Corporate Social Responsibility and Company：Evidence from Taiwan listed companies

黃雁蓁 E-mail: 611036008@gms.ndhu.edu.tw

論文名稱: 氣溫變化與日本公司現金持有關係之研究

The relationship between temperature change and cash holdings of Japanese companies

方韶慈 E-mail: 611136005@gms.ndhu.edu.tw

論文名稱: 企業社會責任、品牌價值與公司財務績效之研究: 以臺灣上市公司為例

Corporate social responsibility, brand performance and financial performance：Evidence from Taiwan listed companies

Post Grad. 2021/2022

Nokwnda Nokubongwa Dlamini E-mail: 611036025@gms.ndhu.edu.tw

論文名稱: Corporate Carbon and Financial Performance in South Africa

Latri E-mail: 610836035@gms.ndhu.edu.tw

論文名稱: The comparison of efficiency conventional and Islamic banking before and during COVID-19 using data envelopment analysis

張貽敦 E-mail: 611036019@gms.ndhu.edu.tw

論文名稱: 公司發布企業社會責任報告書對債務資金成本與信用風險評等之影響

謝明叡 E-mail: 611036017@gms.ndhu.edu.tw

論文名稱: 企業聲譽與企業績效之探討

呂紹誠 E-mail: 611036016@gms.ndhu.edu.tw

論文名稱: 臺灣股利稅改新制對公司股利政策的影響

李宇軒

論文名稱: 動能策略之實證研究

Hà Hoàng E-mail: hoangha.97x@gmail.com

論文名稱: Covid-19 Pandemic and Bank Performance in Vietnam

HOME TEACHING SUSTAINABLE FINANCE NEPRC

Links:

Sustainable finance: the rise of the in ESG

By Adam William Chalmers, Robyn Klingler-Vidra, David Aikman, Karlygash Kuralbayeva and Timothy Foreman - 09 February 2023

https://www.globalpolicyjournal.com/blog/09/02/2023/sustainable-finance-rise-e-esg

https://www.globalpolicyjournal.com/journal-issue/volume-14-issue-3-june-2023

ESG & Sustainability Policy worldwide

https://www.carrotsandsticks.net/reporting-instruments/?mandatoryVoluntary=Mandatory&region=Asia

From diffusion to diffuse-ability: A text-as-data approach to explaining the global diffusion of Corporate Sustainability Policy Forthcoming in International Studies Quarterly

https://www.adam-william-halmers.com/_files/ugd/f9c42c_6d2ccc47e75b4234bbd1b46bbb05cf37.pdf

The GRI Sector Program will develop standards for 40 sectors, starting with those that have the highest impact. You can find more information in the following link: https://www.globalreporting.org/media/mqznr5mz/gri-sector-program-list-of-prioritized-sectors.pdf

for the Mining Sector: https://www.globalreporting.org/standards/standards-development/sector-standard-project-for-mining/

https://www.gob.pe/ceplan

Homepage One Planet Network:

https://www.oneplanetnetwork.org/

An overview of ESG reporting initiatives

Theme : General

GRI

Global Reporting Initiative General

Sector-overarching sustainability reporting standards aiming to inform all stakeholders.

SASB

Sustainability Accounting Standards Board

Sector-specific reporting framework focused on financial materiality and geared towards investors and capital providers.

UN SDG

United Nations Sustainable Development Goals

A pact signed by businesses pledging to adopt sustainable business practices aligned with the Sustainable Development Goals.

IIRC

International Integrated Reporting Council

Integrated reporting framework aiming to link traditional financial and sustainability disclosure. Recently merged with SASB in the Value Reporting Foundation.

Theme : Climate

CDP

Carbon Disclosure Project

Non-profit with a focus on data collection and content for climate reporting.

CDSB

Climate Disclosure Standards Board

Non-profit global environment disclosure framework geared towards investors and financial markets.

TCFD

Task Force on Climate-Related Financial Disclosures

Climate-related risk disclosure focused on financial impacts of ESG risks.

GHG Protocol

Greenhouse Gas Protocol