內部控制缺失、碳風險與財務成本：氣候變遷因應法修法之影響

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許鈞凱(CHIUN-KAI HSU) 查詢紙本館藏

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會計研究所

論文名稱

內部控制缺失、碳風險與財務成本：氣候變遷因應法修法之影響
(Internal Control Weakness, Carbon Risk, and Financial Costs: The Impact of the Climate Change Adaptation Act Amendments)

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摘要(中)

本研究以台灣2015年至2023年間有在公開資訊觀測站揭露碳排放量資訊之上市櫃公司作為研究對象，探討了內部控制缺失是否會增加碳風險對債務資金成本的影響，並且進一步探討在2023年1月10日修法「氣候變遷因應法」後，這一關聯性是否會進一步強化。實證結果顯示，相對於沒有內部控制缺失的高碳排公司，有內部控制缺失的高碳排公司，因為有較高的碳風險，而產生較高的財務成本。然而，在2023年1月10日修法「氣候變遷因應法」後，此關聯性並未進一步強化。

摘要(英)

This study examines public-listed companies in Taiwan that disclosed carbon emission information on the Market Observation Post System from 2015 to 2023. It investigates whether internal control weaknesses increase the impact of carbon risk on the cost of debt and further explores whether this relationship is strengthened after the amendment of the "Climate Change Adaptation Act" on January 10, 2023. The empirical results show that high-carbon-emission companies with internal control weaknesses incur higher financial costs due to higher carbon risk compared to high-carbon-emission companies without internal control weaknesses. However, this relationship did not further strengthen after the amendment of the "Climate Change Adaptation Act" on January 10, 2023.

關鍵字(中)

★ 內部控制缺失
★ 碳風險
★ 財務成本
★ 氣候變遷因應法

關鍵字(英)

論文目次

摘要 i
ABSTRACT ii
第一章緒論 1
第二章文獻探討與假說發展 6
2.1 淨零排放法案 6
2.2 轉型風險對企業之影響 8
2.3 內部控制缺失、碳風險與財務成本 9
2.3.1 內部控制之定義 9
2.3.2 內部控制缺失與債務資金成本 10
2.3.3 碳風險與債務資金成本 11
2.3.4 碳風險、內部控制缺失與債務資金成本之關聯性 12
2.4 法案對碳風險、內部控制缺失與財務成本的影響 14
第三章研究設計 16
3.1 資料來源及選取樣本 16
3.2 研究模型 17
3.3 變數衡量 18
第四章實證結果 23
4.1 敘述性統計 23
4.2 相關係數分析 25
4.3 迴歸分析結果 28
第五章敏感性測試 32
5.1 增加產業別控制 32
5.2 以法案送審年度作為衡量標準 35
第六章結論與建議 37
6.1 結論 37
6.2 研究限制與建議 38
參考文獻 39

參考文獻

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指導教授

劉乃熒

審核日期

2024-7-6

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