本研究主要探討經理人過度自信對ESG報告書資訊揭露之影響，由於近年來ESG議題逐漸被看重，政府也在積極推動，並要求公司衡量與揭露ESG相關內容，因此公司開始配合ESG相關政策，且企業決策之制定會受到經理人特質之影響，故本研究將探討當經理人具有過度自信之特質，其將會在企業ESG表現上更為積極，進而提升其ESG報告書資訊揭露程度。本研究實證結果顯示，當經理人具有過度自信之特質，其在企業ESG報告書資訊揭露程度較高。本研究之結果將可提供企業選擇經理人時之參考依據，亦可為投資人作為投資公司之判斷依據，企業亦可藉由選擇合適之經理人，以提高揭露ESG之可能性。
This research mainly explores the impact of manager overconfidence on ESG disclosure. In recent years, ESG issues have become more important. Governments have been actively promoting ESG and requiring companies to measure and disclose ESG-related issues. Consequently, companies have begun to comply with ESG-related policies. It is widely recognized that the manager’s attitudes or characteristics is a main trigger for company to follow the rule. However, the relationship between ESG-disclosure and manager overconfidence has not been widely discussed in Taiwan. Therefore, this research aims to investigate how manager overconfidence affects a company's ESG performance, and ultimately enhance its disclosure. The empirical results indicate that when managers possess traits of overconfidence, they normally perform well in ESG practice and incline to disclosure more information on ESG messages. These findings can be served as a reference for companies when selecting managers, as well as for investors when assessing investment opportunities in companies. Furthermore, if the companies want to increase or facilitate their ESG performance, they can reach this goal by choosing the manager with overconfidence.
