dc.description.abstract | Trade globalization has brought about economic growth, and the scale of enterprises has been increasing day by day. Many internal problems of enterprises have been out of control after the outbreak. These negative events also reflect the problems of corporate governance, and the issue of corporate social responsibility has been discussed.In addition, the industrial revolution brought a sharp growth of the economy, but also a lot of damage to the environment, today′s enterprises to sustainable development, the pursuit of the goal not only pursue benefit maximization, more to consider the impact on the stakeholders as well as reduce the damage for the environment, and to how to take care of environmental protection under the condition of continuous improve enterprise′s profit ability becomes issue worthy to be discussed.
This research mainly aims to explore the relationship between carbon emission factors and corporate financial performance , using the carbon emissions and the carbon emissions per production cost as the proxy variable of environmental performance, with return on assets , return on operating assets, return on equity, earning per share and Tobin′s Q as the proxy variable of financial performance, in addition, we also discusses how carbon emissions and corporate governance performance’s interaction affects corporate financial performance.
By empirical results found that the institute with the carbon emission factors has a negative relationship with financial performance and thus able to support the research hypothesis 1, and the interaction of the carbon emissions and corporate governance is only relationship with EPS has a negative and significant, therefore can only partial support research hypothesis 2, in short , this study based on the empirical results show that : lower carbon emissions, and lower the carbon emissions per production cost will help companies improve financial performance, and the pursuit of low carbon emissions under the good corporate governance, and low cost per unit of carbon emissions is also to help enterprises improve financial performance.
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