Creation of the Taiwan Sustainability Value Index (TWSVI)
A better investment performance index than the Taiwan 50 Index and the first index jointly developed by an academic institution and a non-profit organization
| On July 19, 2018, College of Business National Taipei University(NTPU) launched the Taiwan Sustainability Value Index (TWSVI), which complies with global corporate sustainability standards and local factors. This index boasts not only high non-profit organization (NPO) reliability and academic professionalism, but also considers risk-adjusted investment performances. As a result, it is able to outperform other indexes such as the Taiwan Capitalization Weighted Stock Index, the Taiwan 50 Index, and the FTSE4Good TIP Taiwan ESG Index. Furthermore, the TWSVI is now officially accessible on Bloomberg and Reuters’ real-time financial data platforms. |
| The corporate sustainability information provided by NPOs is often more reliable than that provided by companies and government agencies. For this reason, the NTPU College of Business and the Taiwan Institute for Sustainable Energy (TAISE) leveraged their strengths as an academic institution and an NPO, respectively, to jointly develop and launch the TWSVI. The TWSVI aims to enhance fund allocation in Taiwan’s capital markets and encourage local enterprises to focus on environmental, social, and governance (ESG) concepts and corporate social responsibility (CSR), thereby achieving a win-win situation for enterprises, investors, and society. With assistance from the relevant competent authorities, it is hoped that the TWSVI will help promote the development of Taiwan’s sustainable and responsible investment (SRI) strategies, particularly with respect to exchange-traded funds, mutual funds, credits extended by financial institutions, and asset allocation, and to attract investments from national-level funds, institutional investors, and other investors. |
| The TWSVI consists of over 300 screening items covering social, economic, environmental, and disclosure-related (SEED) dimensions, and each item was developed based on global evaluation standards and local factors. The development of the TWSVI also involves the incorporation of findings from local and overseas academic research, thereby strengthening its reliability. The TWSVI was used by the TAISE to screen 209 enterprises that previously competed in the Taiwan Corporate Sustainability Awards (TCSA), so as to select those with excellent CSR and corporate sustainability performances. After a cross analysis and a comprehensive review, the top 40 performers were designated as index constituents, with their market capitalization accounting for 43.85% of the Taiwan Capitalization Weighted Stock Index’s total market capitalization of the weighted index. The constituents of the TWSVI have won many Taiwan Corporate Sustainability Awards under various categories. This is the highest level of recognition for corporate impartiality and a testament to the high review standards for the TWSVI. Furthermore, the development of the TWSVI is in line with many leading global trends for sustainable management, including those relating to the United Nation’s Sustainable Development Goals, socially responsible investment, the Carbon Disclosure Project (CDP), the Task Force on Climate-related Financial Disclosures (TCFD), and social return on investment. On this basis, the number of constituents in the TWSVI is expected to increase to 50. |
| Globally, sustainable and responsible investments (SRI) are growing at an astounding pace. The developed nations in the West have already been using CSR indexes for some time and numerous index-related financial products have since been created. These include over 200 mutual funds and investment targets such as stocks, bonds, and property assets. As a result, the global SRI market is primarily based in North America and Europe, and there is much potential and room for its development in the Asian region (including Taiwan). |
| On May 27, 2016, the NTPU College of Business, known for its academic impartiality, professionalism, independence, and objectivity, launched the first CSR index in Taiwan during the annual meeting of the Taiwan Finance Association. Meanwhile, the TAISE has been awarding the highly-recognized TCSA based on fairness, independence, and impartiality for eleven years. In addition to formulating the TWSVI, the NTPU College of Business and the TAISE will jointly focus on the promotion of corporate sustainability education and academic research. With assistance from the relevant competent authorities, the TWSVI hopes to promote the development of Taiwan’s SRI investment products, including exchange-traded funds, mutual funds, credits extended by financial institutions, and asset allocation, and to attract investments from national-level funds, institutional investors, and other investors. Furthermore, the team has been discussing partnership schemes with experienced global index companies and financial institutions. When the TWSVI is formally established in accordance with relevant regulations in the future, it shall attract investors, facilitate the development of a more socially responsible society, and promote the growth of companies with sustainable values. |
| S&P Dow Jones Indices to Calculate Taiwan Sustainability Value Index |
| TAIPEI, NOV 28, 2019: S&P Dow Jones Indices (“SPDJI”), the world's leading index provider, announced today that it has been appointed by National Taipei University College of Business (“NTPU”) and Taiwan Institute for Sustainable Energy as the custom calculation agent for the Taiwan Sustainability Value Index (TWSVI). The index tracks the performance of top companies in corporate sustainability in Taiwan. 【...more】 |
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| DESCRIPTION |
| The Taiwan Sustainability Value Index (TWSVI) is composed through collaboration between the NTPU College of Business and Taiwan Institute for Sustainable Energy. The Index tracks the price movements in shares of companies which are identified as top companies in corporate sustainability in Taiwan. The Index composition is selected based on screening of corporate social responsibility (CSR) performance, financial performance, and market quality. CSR performance is rated through over 200 questions covering social, economic, environmental, and disclosure (SEED) dimensions. The Index is constructed based on proprietary academic research profiles of sustainability factors. In addition, reputable CSR awards and rankings in Taiwan are taken into account. For each company, a Total Sustainability Score is given through summing up scores linked to CSR questionnaires. The Total Sustainability Score is used to rank the companies within financial and non-financial industries to identify companies eligible for inclusion in the index. The constituents of the index are weighted according to Free Float Market Capitalization, subject to maximum weight of 30% for each constituent. The index composition is being assessed annually based on the current year performance. |
Academic Research Recognitions
Outstanding Research Performance of CoB Faculties
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Award |
Department |
Name |
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2016 |
Citation of Excellence Award |
Department of Business Administration |
Yu-Shan Chen |
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2015 |
Mr. Lu Feng-Zhang Memorial Award |
Department of Business Administration |
Hsien-Tung Tsai |
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2015 |
Mr. Lu Feng-Zhang Memorial Award |
Graduate Institute of Information Management |
Chih-Chien Wang |
|
2014 |
MOST Ta-You Wu Memorial Award |
Department of Business Administration |
Hsien-Tung Tsai |
|
2012 |
Mr. Lu Feng-Zhang Memorial Award |
Department of Business Administration |
Yu-Shan Chen |
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2009 |
Mr. Lu Feng-Zhang Memorial Award |
Department of Business Administration |
Tai-Hsi Wu |
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2009 |
Technology Innovation Management Research Award |
Department of Business Administration |
Kuen-Hung Tsai |
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2005 |
Mr. Lu Feng-Zhang Memorial Award |
Department of Business Administration |
Wen-Chang Fang |
Research Award of CoB Faculty
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2020 |
Prof. Sherry Chia-Ying Chan from the Department of Business Administration was awarded the Distinguished Paper Award from the Journal of Futures and Options (TSSCI) |
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2019 |
Prof. Hsuan-Lien Chu, Prof. Shu-Ling Yeh, and Ting-Wen Yang from the Department of Accountancy were awarded Silver at the 7th Paper Awards of the National Federation of CPA Associations of the R.O.C. |
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Prof. Yuan-Yang Tsai from the Department of Accountancy and alumni Profs. Yi-Hsing Liao and Teng-Sheng Shan were awarded Gold at the 7th Paper Awards of the National Federation of CPA Associations of the R.O.C. |
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Profs. Chen-Ling Fang, Chi-Jui Huang, Wen-Chyan Ke, Chang Chan, and Chia-Wu Lu from the Department of Finance and Cooperative Management received grants for academic research for the year 2019 |
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Prof. Hsiang-Lin Chih from the Department of Finance and Cooperative Management was awarded Distinguished Paper at the UMC Management Thesis Awards |
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Prof. Yi-Shin Wang from the Department of Accountancy was awarded the ACIIA Outstanding Contribution in the field of Internal Auditing Award |
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Prof. Jin Lin from the Graduate Institute of International Business was awarded the NTPU Academic Research Award for the 2019 academic year |
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2017 |
Prof. She-Chih Chiu from the Department of Accountancy was awarded the Distinguished Paper Award at the 2017 Annual Meeting of the Taiwan Accounting Association for this work "The Optimal Cash Holdings to Determine Excess Cash: A Theoretical and Empirical Analysis" |
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Prof. She-Chih Chiu from the Department of Accountancy was awarded the Distinguished Paper Award at the International Conference on Innovation and Management for his work ”Employee Participation in Choosing Performance Measures Improve Incentive Plan Effectiveness?” |
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Prof. Hsuan-Lien Chu from the Department of Accountancy was awarded the Distinguished Paper Award at the 2017 APMAA Annual Conference for her work “Can Employee Participation in Choosing Performance Measures Improve Incentive Plan Effectiveness” |
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Prof. She-Chih Chiu from the Department of Accountancy was awarded the Distinguished Paper Award at the APMAA 2017 Shanghai Conference for his work ”Can Employee Participation in Choosing Performance Measures Improve Incentive Plan Effectiveness?” |
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2016 |
Prof. Jenn-Shyong Kuo from the Department of Accountancy was awarded the 2016 Taiwan Accounting Review Distinguished Paper Award for his work “Corporate Sustainable Development and Social Responsibility Reports” |
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2015 |
Prof. Yuan-Tang Tsai from the Department of Accountancy was awarded the Distinguished Paper Award at the 2015 Accounting Theory and Practice Conference for his work “The Relationship between Auditor Industry Expertise and Related-party Sales” |
Distinguished Professors
| Department | Name | |
| Department of Business Administration | Yu-Shan Chen |  |
| Department of Business Administration | Shiu-Li Huang |  |
| Department of Business Administration | Kuen-Hung Tsai |  |
| Department of Business Administration | Colin C.J. Cheng |  |
| Department of Business Administration | Tai-Hsi Wu |  |
| Department of Business Administration | Wen-Chang Fang |  |
| Department of Business Administration | Mei-Chen Lin |  |
| Department of Statistics | Yi-Ting Hwang |  |
| Graduate Institute of Information Management |
Chih-Chien Wang |
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Industry-academia collaboration
The College of Business is dedicated toward making connections with industry players as well as implementing industry-academic collaborations, which are achieved by establishing professional practice-oriented courses and developing projects with industry collaborators, thus combining theory and practice. In addition, from time to time, each department would invite collaborating companies that offer internships to talk about their industry and discuss relevant industry trends. By inviting industry professionals to serve as guest lecturers, students can understand more about their internship programs. By scheduling visits to these collaborating companies, students can experience and understand operations management practices and the competence they need for their careers. We encourage our students to participate in internship programs to experience the industry before they graduate.
Industry-academia collaborations in recent years
2020
- Conducted an industry-academia research project on responsible investment in Taiwan
- Conducted an industry-academia research project on ESG Research Reports
2019
- Highlighted enterprises’ voluntary carbon disclosure and emissions, corporate value, and strategies to achieve corporate sustainability
- Served as a vendor for the 2019 Project on the Expansion of the Socio-Economic Database and the Promotion of the Data Services Platform of the National Geographic Information System
- Conducted an industry-academia research project on ESG Research Reports
2018
- Devised a model and computer program for quantifying blockchain medical data and values
Joint courses
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As a consolidation of theory and practice, the College of Business has planned for the establishment of a financial technology (Fintech) course with Hua Nan Financial Holdings. The company will arrange for industry professionals to serve as lecturers in this practice-oriented course and provide internship opportunities for students to enhance their practical experience. |
Industry-academia collaboration experiential camps
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The objective of organizing industry-academic collaboration experiential camps is to allow student interns, enterprises, and teachers to share their experiences with each other. These experiences could contribute toward efforts to improve teaching practices, internships, and industry-academic collaborations in the future, as well as correcting the students’ mindset that an internship is a part-time job. By combining internship programs with teaching and having them play an assistive role, we can create an environment in which students are clear about the things that they should be learning and willing to engage in classroom learning. This is also an opportunity for future student interns to understand the recruitment trends and considerations of enterprises, and thereby acquire accurate insights into the internship programs. |
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Conference Hold by the CoB/Departments
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2020, 2019, 2018 |
Global Corporate Sustainability Forum(GCSF) |
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2020/06/19 |
Cooperation business development seminar |
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2020/05/08 |
2020 International Conference on Business Administration(ICBA 2020) at NTPU |
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2020/04/24 |
2020 NTPU DBA(Department of Business Administration) Conference - Spring Session (ICBA 2020 Spring) at NTPU |
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2019/11/22 |
2019 NTPU DBA(Department of Business Administration) Conference |
| 2019/10/4 |
The 5th ESG Investment Forum |
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2019/09/24 |
The Joint Workshop on CSR/Sustainability in Management Education |
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2018/11/16 |
2018 NTPU DBA(Department of Business Administration) Conference |
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2018/09/27-10/2 |
International Conference of Corporate Social Responsibility, Ethics and Governance, and an Experts Forum |
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2018/05/31-06/05 |
The 11th Cross-Strait Probabilityand Statistics Conference |
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2017/06/23-24 |
The 26th South Taiwan Statistics Conference |
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2017/06/19 |
IFRS9 and IFRS15 Accounting Standards Conference |
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2016/11/25 |
2016 NTPU DBA(Department of Business Administration) Conference |
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2016/10/4-7 |
Asia-Pacific Management Accounting Association (APMAA)2016 (12th) Annual Conference |
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2016/08/18 |
Contemporay Cultural and Creative Industry Forum |
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2016/7/4-8 |
CoB Graduate Institute of International Business and Shanghai Entrepreneurs Forum |
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2016/05/27-28 |
2016 International Conference of Taiwan Finance Association (TFA) |
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2015/12/04 |
2015 Annual Member Meeting and Academic Conference of CSAT(Chinese Statistical Association(Taiwan)) |
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2015/11/20 |
2015 NTPU DBA(Department of Business Administration) Conference |
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2015/05/15 |
2015 NTPU International Conference on Accounting |
The program on Bilingual Education for Students in College, BEST
Link to EMI page (Comming Soon)
