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    题名: 碳投資與環境治理對股票投資報酬之影響 -以歐洲產業為例
    The Association between Carbon Reduction Investment, Environmental Governance and Stock Return: The Case of the European Industry
    作者: 陳正瑄
    贡献者: 林良楓
    陳正瑄
    关键词: 減碳投資
    環境治理政策
    減碳排放行動
    股票投資報酬率
    Carbon Reduction Investment
    Environmental Governance
    Carbon Reduction Actions
    Stock Return
    日期: 2012
    上传时间: 2013-07-22 10:20:02 (UTC+8)
    摘要: 本研究以英德法三國作為歐洲企業之代表，針對2009年與2010年參與碳揭露計畫之企業所投入減碳投資、環境治理政策、減碳排放行動與其股票投資報酬率之關聯性，做一實證研究分析。研究結果發現歐洲企業樣本整體上只有環境敏感性企業股票投資報酬呈正相關，其餘減排投資與環境治理與股票報酬間無顯著關聯，但是各國分群樣本就呈現非常不一樣的結果。英國企業除其本身財務績效外，環境敏感性企業，有實際從事減排行動之企業的公司不論短中期都顯示有較高的股票報酬率，。就德國企業整體而言，股票投資報酬與公司基本財務績效為顯著正相關，而與環境相關之減碳投資、環境治理與環境敏感性產業與股票投資報酬間無直接關聯。法國企業規模較小及BETA值較大之企業有較高股票投資報酬，而與公司財務績效和環境因素無顯著關聯關，顯示法國企業企業股票投資報酬投機因素影響較大。實證結果說明英德法三國環境政策上差異對其股票投資報酬率特性有顯著差異。
    參考文獻: 一、 中文文獻
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    描述: 碩士
    國立政治大學
    會計研究所
    100353007
    101
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G1003530071
    数据类型: thesis
    显示于类别:[會計學系] 學位論文

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