營建業長期被視為各國經濟發展的重要支柱，對國內生產總值（GDP）與資源配置具有關鍵影響，惟其長期處於高槓桿運作環境，易受景氣循環、利率變動及房市政策影響，如何提升企業韌性以強化競爭優勢，已成為學術與實務關注之核心議題。此外，在全球氣候變遷加劇之下，永續發展（ESG）與淨零排放逐漸成為衡量營建業經營績效的重要標準，企業在提升營運效率的同時，亦須回應利害關係人對永續治理之期待，形成雙重經營壓力。
　　在此背景下，本研究以臺灣53家上市營建公司為樣本，從效率觀點出發，建構整合ESG與營運績效之企業韌性評估架構，進而檢視企業韌性與ESG之影響及不同經營模式下之差異。
　　研究結果顯示，營運效率與ESG各構面指標均與企業韌性呈現正向交互作用，顯示企業在提升資源配置效率及強化永續治理表現之同時，有助於增強其面對外部衝擊之調適與回復能力。此一結果不僅支持企業韌性可透過財務與非財務指標加以反映之觀點，亦進一步說明ESG投入並非僅為成本負擔，而可能透過效率提升與風險降低機制，轉化為企業長期競爭優勢。

The construction industry plays a pivotal role in national economic development, significantly contributing to gross domestic product (GDP) and resource allocation. However, due to its inherently high-leverage operating structure, the industry is particularly vulnerable to fluctuations in economic cycles, interest rates, and housing policies. Enhancing organizational resilience has therefore become a critical issue for both academia and practice. Meanwhile, amid intensifying global climate change, environmental, social, and governance (ESG) considerations and net-zero emissions have emerged as essential criteria for evaluating industry performance. Construction firms are thus confronted with dual pressures to improve operational efficiency while simultaneously meeting stakeholders’ expectations for sustainable development.
Against this backdrop, this study examines 53 publicly listed construction companies in Taiwan. Adopting an efficiency-based perspective, it develops an integrated framework that combines ESG dimensions and operational performance to assess organizational resilience. In addition, industry heterogeneity is incorporated through within-group comparisons to explore how the ESG–resilience relationship varies across different business models.
The empirical results indicate that both operational efficiency and ESG performance across all dimensions are significantly and positively associated with organizational resilience. These findings suggest that firms that allocate resources more efficiently and strengthen ESG practices are better able to adapt to and recover from external shocks. The results not only support the view that organizational resilience can be captured through both financial and non-financial indicators, but also highlight that ESG investments should not be regarded merely as costs. Instead, they can be transformed into long-term competitive advantages through improved efficiency and reduced risk exposure.

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