GRI環境揭露程度與 企業績效之關聯性

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劉家伶(Chia-Ling Liu) 查詢紙本館藏

畢業系所

企業管理學系

論文名稱

GRI環境揭露程度與企業績效之關聯性

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摘要(中)

近年來，隨著科技不斷進步對於環境破壞速度也更加快，全球暖化日益嚴重，出現極端氣候且自然資源短缺造成糧食分配不均，環境問題已衝擊至整個生態圈，使得全球政府與企業越來越重視環境保護的議題。企業的利害關係人除了關注財務資訊外，也越關心企業是否落實企業的社會責任，因此揭露企業社會責任報告書相當重要，為揭露企業營運活動對經濟、社會、環境所帶來的影響。而且，企業揭露訊息越高，能夠減少資訊不對稱的情況，有助於投資人做決策時的衡量。本研究目的先探討企業是否揭露社會責任報告書，再來深入分析企業社會責任報告書中環境面揭露比率為揭露環境面程度與公司績效之關聯性。
經實證結果發現企業揭露社會報告書對企業當年度和次年度的企業績效皆為正向關係但未達顯著，雖能為公司績效帶來正向影響，但無法明顯提升企業績效。亦發現揭露企業社會報告書中環境揭露程度越高，與當年度和次年度的企業財務績效、市場價值呈現負向關係。推估因台灣企業多為中小型企業，在獲利能力不足情況下，揭露越多環境資訊，將會增加成本支出，對企業財務績效、市場價值造成負面影響。也可能企業揭露越多負面環境資訊，會使投資人認為公司對環境污染造成影響越大，減少對公司的投資，造成公司績效降低。此外，若企業營運對環境造成負面影響，其會選擇刻意隱瞞負面環境資訊，來獲取未來更多投資機會。

摘要(英)

In recent years, with the continuous advancement of science and technology, the rate of environmental destruction has also accelerated, global warming has become increasingly serious, and extreme weather and shortage of natural resources have caused uneven distribution of food. Environmental problems have impacted the entire ecosystem, making the global government and enterprises pay more attention to the issue of environmental protection. In addition to paying attention to financial information, corporate stakeholders are more concerned about whether the company implements corporate social responsibility. Therefore, it is important to disclose the corporate social responsibility report to disclose the economic, social and environmental impacts of business operations. Moreover, the higher the company′s disclosure, the less information asymmetry can be, which helps investors measure when making decisions. The purpose of this study is to explore whether the companies disclose the social responsibility report, and then analyzes the environmental disclosure ratio in the CSR report to research the relationship between the environmental level and the company′s performance.
The results show that the company′s disclosure of social reports is positively related to the company′s performance in the current year and the following year, but it has not achieved significant results. Although it can have a positive impact on company performance, it cannot significantly improve corporate performance. It is also found that the higher the degree of environmental disclosure in the corporate social report, the negative relationship with the financial performance and market value of the current year and the next year. It is estimated that the Taiwanese enterprises as small and medium-sized enterprises, in the case of insufficient profitability. Disclosing more environmental information will increase costs and have a negative impact on corporate financial performance and market value. It is also possible that companies disclose more negative environmental information, which will cause investors to think that the company has more impact on environmental pollution. They will reduce investment in the company, and reduction of company performance. In addition, if the business operations have a negative impact on the environment, they will choose to deliberately conceal negative environmental information to obtain more investment opportunities in the future.

關鍵字(中)

★ 企業社會報告書
★ 環境資訊揭露
★ 企業財務績效
★ 市場價值

關鍵字(英)

★ Corporate social report
★ Environmental information disclosure
★ Corporate financial performance
★ Corporate market value

論文目次

目錄
摘要 i
Abstract ii
誌謝 iii
表目錄 v
圖目錄 vi
一、緒論 1
1-1 研究背景與動機 1
1-2 研究目的 2
1-3 研究架構 3
二、文獻探討 5
2-1 企業社會責任 5
2-2 企業社會責任與公司績效 7
2-3 環境訊息揭露與公司績效 10
2-4 環境訊息揭露與環境績效 12
三、研究方法 15
3-1 樣本選取與資料來源 15
3-2 變數定義與衡量 16
3-3 實證模型 20
四、研究結果分析 23
4-1 敘述性統計 23
4-2 相關係數分析 26
4-3 實證結果 30
五、結論與建議 38
5-1 研究結論 38
5-2 研究限制與建議 39
參考文獻 40

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指導教授

蔡文賢(Wen-Hsien Tsai)

審核日期

2019-7-3

推文