資訊科技的進步加速商業全球化的發展，企業活動為世界經濟帶來財富的同時亦直接或間接造成環境及社會問題從而威脅全球的存續。世界秩序的解構使永續發展觀念逐漸高漲，各界對企業的ESG議題的重視亦使ESG投資成為新世代的顯學，由於機構投資人運籌大量資金且具備專業投資知識，對被投資企業的影響力可見一斑，故聯合國「責任投資原則」與台灣「機構投資人盡職治理守則」紛紛呼籲金融機構落實盡職治理，促使被投資企業提升ESG表現並加速全球的永續進程。
本研究以我國機構投資人盡職治理守則為研究主軸，探討機構投資人簽署盡職治理守則之決定因素，以及檢視盡職治理之簽署與財務績效的關聯性。研究對象為台灣金融業，研究期間為2016年至2020年，研究樣本共計527筆觀察值。實證結果顯示，公司特性與公司治理為簽署盡職治理守則的影響因子；而簽署盡職治理守則與下一期財務績效呈顯著正向關聯。
本研究之實證結果具有管理意涵：（1）主管機關應強化機構投資人之公司治理以促進盡職治理守則之簽署，才能由上而下提升全面之治理品質與永續發展性；（2）機構投資人應更加正視盡職治理， 並將其融入至商業模式當中，從而提升財務效益及增進競爭能力；（3）一般投資人在挑選投資標的時，應將機構投資人的盡職治理納入參考依據。

While business activities bring wealth to human beings, they also directly or indirectly cause environmental and social problems that threaten the survival of the world. In this day and age, countries are paying more and more attention to ESG and ESG investing is becoming a new generation of learning. Due to the massive capital and professional knowledge, institutional investors have a great influence on their investee companies and hence are required to supervise companies implementing corporate social responsibility to achieve sustainability goals, which is called the “stewardship”.
This study explores the determinants of the “Stewardship Principles for Institutional Investors” (“Stewardship”) and examines the relationship between the Stewardship and financial performance. Using 527 observations from Taiwan's financial sector during the years from 2016 to 2020, the empirical results show that firm characteristics and corporate governance are the influencing factors for the Stewardship, and the Stewardship is significantly positive to the financial performance.
There are some managerial implications from the findings. First, the authority should strengthen the corporate governance of institutional investors to improve the overall sustainable development from top to bottom. Second, institutional investors should pay more attention to the stewardship and should integrate it into their business models to enhance competitiveness. Finally, investors could take the Stewardship into consideration while making the investing decisions.

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