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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/152717


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    題名: 綠色融資、氣候風險與創新
    Green Finance, Climate Risk, and Innovation
    作者: 張涵雅
    Chang, Han-Ya
    貢獻者: 陳嬿如
    Chen, Yenn-Ru
    張涵雅
    Chang, Han-Ya
    關鍵詞: 氣候風險
    創新
    揭露
    綠色融資
    TCFD
    供應商
    Climate risk
    Innovation
    Disclosure
    Green finance
    TCFD
    Suppliers
    日期: 2024
    上傳時間: 2024-08-05 13:41:34 (UTC+8)
    摘要: 在《巴黎協定》推出後，越來越多國際組織與政府相繼推行相關之政策與規範，使得企業及其利害關係人對於氣候相關風險的關注程度均有顯著的提升。《氣候相關財務揭露建議》（Recommendations of the Task Force on Climate-related Financial Disclosures, TCFD Recommendation）的發佈更是讓大型企業因受到較大的外部壓力而會轉而要求其供應商需進行相關之改善措施，而供應商則是因擔心會失去其重要客戶，因此除了會實際進行轉型與創新外，也會更加積極地做相關之揭露。
    過去較無文獻探討TCFD的發佈對企業進行相關創新的揭露的影響，本研究採用2014年至2016年與2018年至2020年共2,238份供應商年報資料進行研究，並以TCFD發佈之年份，2017年作為重要外部事件之分水嶺，利用雙重差分法進行分析。研究結果發現，在TCFD發佈後，高碳排產業供應商會較有急迫性需進行較多面臨氣候風險下之相關創新的揭露，再者，高碳排產業供應商在有取得綠色融資的情況下，也會進行較多面臨氣候風險下之相關創新的揭露。最後，當供應商在TCFD發佈前具有綠色融資經驗時，則在TCFD發佈後，其中之高碳排產業供應商不會顯著地進行較多面臨氣候風險下之相關創新的揭露。
    After the Paris Agreement, international organizations and governments have implemented relevant policies and regulations, which have significantly raised awareness of climate-related risks. The publication of TCFD Recommendation has increased external pressure on large companies, prompting them to require their suppliers to implement related measures. Suppliers, fearing the loss of those important customers, have not only made actual innovations, but have also become more proactive in related disclosures.
    There has been limited literature exploring the impact of TCFD on the disclosure of related innovations by companies. This study examines 2,238 suppliers’ annual reports from 2014 to 2016 and 2018 to 2020, using 2017, as the key event year. The study employs the difference-in-differences approach and finds that, after the publication of TCFD, suppliers in high carbon-emission industries have a more urgent need to disclose more innovations related to climate risks. Furthermore, when those suppliers have obtained green financing, they will also disclose more related innovations. Lastly, if suppliers had experiences with green financing before TCFD, those in high carbon-emission industries will not significantly increase their disclosure of related innovations after TCFD was published.
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    描述: 碩士
    國立政治大學
    財務管理學系
    111357004
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0111357004
    資料類型: thesis
    顯示於類別:[財務管理學系] 學位論文

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