Loading...
|
Please use this identifier to cite or link to this item:
https://nccur.lib.nccu.edu.tw/handle/140.119/146827
|
| Title: | 企業環境支出與環境績效之關聯性探討
The Association between Environmental Expenditure and Environmental Performance |
| Authors: | 江佳怡
Chiang, Chia-Yi |
| Contributors: | 林宛瑩
Lin, Wan-Ying
江佳怡
Chiang, Chia-Yi |
| Keywords: | 環境支出
環境揭露
環境績效
Environmental expenditure
Environmental disclosure
Environmental performance |
| Date: | 2023 |
| Issue Date: | 2023-09-01 14:40:41 (UTC+8) |
| Abstract: | 本研究以2021年有出具永續報告書之上市櫃公司為樣本，以人工蒐集樣本公司2018年至2021年間在永續報告書及股東會年報中揭露之環境支出，從公司治理、環境及財務三方面探討影響環境支出之主要因素，及環境支出與環境績效間之關聯性，並以有無揭露及支出金額分別衡量企業環境支出。
環境支出影響因素之實證結果顯示，公司治理績效、環境審計、環境績效及環境罰款對環境支出揭露有正向影響，負債比率則對環境支出揭露有負面影響，而資產報酬率、環境審計及環境罰款對支出金額有正面影響，負債比率及環境績效則對支出金額有負面影響。環境支出與環境績效之實證結果顯示，環境支出揭露對環境績效有正向影響，環境支出金額則對環境績效有負向影響。
This study focuses on listed companies that issued sustainability reports in 2021 as the sample. Based on manually collected data on environmental expenditure disclosed in the sustainability reports and annual reports of these sample companies over the period of 2018 to 2021. The study explores factors influencing environmental expenditures from three aspects—corporate governance, environmental performance and financial. The study also investigates the relationship between environmental expenditures and environmental performance. Additionally, the study evaluates the extent of environmental expenses from the perspectives of disclosure and expenditure amount.
The empirical results on factors influencing environmental expenses indicate that corporate governance performance, environmental auditing, environmental performance, and environmental fines have a positive impact on the disclosure of environmental expenses. However, the debt ratio has a negative impact on the disclosure of environmental expenses. Furthermore, the asset return ratio, environmental auditing, and environmental fines have a positive impact on the amount of environmental expenses, while the debt ratio and environmental performance have a negative impact on the expenditure amount.
As for the relationship between environmental expenditure and environmental performance, the empirical findings show that the disclosure of environmental expenses has a positive effect on environmental performance. However, the amount of environmental expenditure has a negative impact on environmental performance. |
| Reference: | Abeysekera, A. P. and C. S. Fernando. 2020. Corporate social responsibility versus corporate shareholder responsibility: A family firm perspective. Journal of Corporate Finance 61(April): 101370.
Alsayegh, M. F., R. Abdul Rahman and S. Homayoun. 2020. Corporate economic, environmental, and social sustainability performance transformation through ESG disclosure. Sustainability 12(9): 3910.
Amore, M. D. and M. Bennedsen. 2016. Corporate governance and green innovation. Journal of Environmental Economics and Management 75(January): 54-72.
Balogh, I., M. Srivastava and L. Tyll. 2022. Towards comprehensive corporate sustainability reporting: an empirical study of factors influencing ESG disclosures of large Czech companies. Society and Business Review 17(4): 541-573.
Baalouch, F., S. D. Ayadi and K. Hussainey. 2019. A study of the determinants of environmental disclosure quality: evidence from French listed companies. Journal of Management and Governance 23: 939-971.
Borghesi, R., J. F. Houston and A. Naranjo. 2014. Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests. Journal of Corporate Finance 26(June): 164-181.
Bowen, H.R. 1953. Social responsibilities of the businessman, New York: Harper and Row.
Cai, Y., C. H. Pan and M. Statman. 2016. Why do countries matter so much in corporate social performance? Journal of Corporate Finance 41(December): 591-609.
Carroll, A. B. 1991. The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business Horizons 34(4): 39-48.
Chauvey, J. N., S. Giordano-Spring, C. H. Cho and D. M. Patten. 2014. The normativety and legitimacy of the CSR disclosure: Evidence from France. Journal of Business Ethics 130: 789–803.
Cho, C. H., M. Freedman and D. M. Patten. 2012. Corporate disclosure of environmental capital expenditures: A test of alternative theories. Accounting, auditing & accountability Journal 25(3): 486-507.
Choi, B. B., D. Lee and J. Psaros. 2013. An analysis of Australian company carbon emission disclosures Pacific Accounting Review 25(1): 58–79.
Clarkson, P. M., Y. Li, G. D. Richardson and F. P. Vasvari. 2008. Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, organizations and society 33(4-5): 303-327.
Cormier, D. and M. Magnan. 1999. Corporate environmental disclosure strategies: determinants, costs and benefits. Journal of Accounting, Auditing & Finance 14(4): 429-451.
Davis, K. 1960. Can business afford to ignore social responsibilities? California Management Review 2(3): 70-76.
Davis, K. 1973. The case for and against business assumption of social responsibilities. Academy of Management Journal 16(2): 312-322.
Dumitru, M., J. Dyduch, R.G. Gușe and J. Krasodomska. 2017. Corporate reporting practices in Poland and Romania - an ex-ante study to the new non-financial reporting European directive. Accounting in Europe 14(3): 279-304.
Dyduch, J. and J. Krasodomska. 2017. Determinants of corporate social responsibility disclosure: an empirical study of polish listed companies. Sustainability 9(11):1934.
Friedman, M. 1962. The social responsibility of business is to increase its profits. The New York Times(September): 126.
Giannarakis, G., A. Andronikidis and N. Sariannidis. 2020. Determinants of environmental disclosure: investigating new and conventional corporate governance characteristics. Annals of Operations Research 294: 87-105.
Gillan, S., N. Sekerci and L. Starks. 2020. Do firms cater to demand for environmental and social performance. Unpublished working paper.
Hackston, D. and M. J. Milne. 1996. Some determinants of social and environmental disclosures in New Zealand companies. Accounting, auditing and accountability Journal 9(1): 77-108.
Haller, S. A. and L. Murphy. 2012. Corporate expenditure on environmental protection. Environmental and Resource Economics 51: 277-296.
Hosain, M. S. 2020. The relationship between corporate governance and corporate social responsibility expenditure in Bangladesh: Moderating role of firm value. Indian Journal of Corporate Governance 13(2) :190-209.
Iatridis, G. E. 2013. Environmental disclosure quality: Evidence on environmental performance, corporate governance and value relevance. Emerging Markets Review 14(March): 55-75.
Ifada, L. M. and R. Jaffar. 2023. Does Environmental Cost Expenditure Matter? Evidence from Selected Countries in the Asia-Pacific Region. Sustainability 15(5): 4322.
Ika, S. R., A. Okfitasari and A. Widagdo. 2022. Factors influencing carbon emissions disclosures in high profile companies: some Indonesian evidence. IOP Conference Series: Earth and Environmental Science 1016:1-7.
Jaraite, J., A. Kažukauskas and T. Lundgren. 2012. Determinants of environmental expenditure and investment: Evidence from Sweden. CERE Working Paper 2012(7): 1-16..
Li, R. and R. Ramanathan. 2020. Can environmental investments benefit environmental performance? The moderating roles of institutional environment and foreign direct investment. Business Strategy and the Environment 29(8): 3385-3398.
Liang, H. and L. Renneboog. 2017. On the foundations of corporate social responsibility. The Journal of Finance 72(2): 853-910.
Long, X., Y. Chen, J. Du, K. Oh and I. Han. 2017. Environmental innovation and its impact on economic and environmental performance: evidence from Korean-owned firms in China. Energy Policy 107(August): 131-137.
McGuinness, P. B., J. P. Vieito and M. Wang. 2017. The role of board gender and foreign ownership in the CSR performance of Chinese listed firms. Journal of Corporate Finance 42(February): 75-99.
McGuire, J. 1963. Business and Society. New York: McGraw-Hill.
Nawrocka, D. and T. Parker. 2009. Finding the connection: environmental management systems and environmental performance. Journal of cleaner production 17(6): 601-607.
Patten, D. M. 2002. The relation between environmental performance and environmental disclosure: a research note. Accounting, organizations and society 27(8): 763-773.
Sarumpaet, S. 2005. The relationship between environmental performance and financial performance of Indonesian companies. Jurnal Akuntansi dan Keuangan 7(2): 89-98.
Statman, M. and D. Glushkov. 2009. The wages of social responsibility. Financial Analysts Journal 65(4): 33-46.
Testa, F., N. M. Gusmerottia, F. Corsini, E. Passetti and F. Iraldo. 2016. Factors affecting environmental management by small and micro firms: The importance of entrepreneurs’ attitudes and environmental investment. Corporate Social Responsibility and Environmental Management 23(6): 373-385.
Walls, J. L., P. Berrone and P. H. Phan. 2012. Corporate governance and environmental performance: Is there really a link? Strategic management journal 33(8): 885-913. |
| Description: | 碩士
國立政治大學
會計學系
110353043 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0110353043 |
| Data Type: | thesis |
| Appears in Collections: | [會計學系] 學位論文
|
Files in This Item:
| File |
Description |
Size | Format | |
|---|
| 304301.pdf | | 2951Kb | Adobe PDF2 | 0 | View/Open |
|
All items in 政大典藏 are protected by copyright, with all rights reserved.
|
