股權結構與環境支出之關聯性:並論核心代理問題及環境敏感產業之調節效果

The Relationship between Ownership Structure and Environmental Expenditure:The Moderating Effect of Core Agency Problem and Environmentally Sensitive Industries

周妍君(Yen-Chun Chou)

指導教授 ： 黃振豊

共同指導教授 ： 孔繁華(Fan-Hua Kung)

淡江大學/商管學院/會計學系碩士班/碩士(2020年)

https://doi.org/10.6846/TKU.2020.00456

摘要

本研究旨在探討當前企業股權結構與環境支出之關聯性，並進一步探討核心代理問題與環境敏感產業之調節效果。利用一般迴歸分析來評估並以2015年到2018年上市上櫃有出具企業社會責任報告書之製造業為研究對象。本研究之結果指出政府股權與環境支出呈現正向關聯性；經理人股權與機構股權對於環境支出有負向關聯性。就調節效果的部分，本研究發現核心代理問題與環境敏感產業對於部分股權結構具有調節效果，本研究除了補充相關文獻外，也對未來企業在制定決策時提供參考

關鍵字

股權結構 ； 環境支出 ； 核心代理問題 ； 環境敏感產業

並列摘要

The purpose of this study is to explore the relationship correlation between the current corporate ownership structure and environmental expenditure, and the moderating effect of that core agency problem and environmentally sensitive industries has on such relationship This research uses general regression analysis to examine a sample of manufacturing firms that issued a corporate social responsibility report from 2015 to 2018 as the research object. The results show that there is a positive association between government ownership and environmental expenditure, and a negative association between manager ownership or Institutional ownership and environmental expenditure. In the part of moderating effect, this study finds that the core agency problem and environmentally sensitive industries have moderating effect on certain types of the ownership structure. In addition to the extends the relevant literature, this study also provides a reference for future enterprises in decision-making.

並列關鍵字

Ownership Structure ； Environmental expenditure ； Core Agency Problem ； Environmentally Sensitive Industries

參考文獻

徐志順與華浤安，2014，台灣上市櫃公司股權結構與企業永續性之關聯性：並論產業與國際化之調節效果，當代會計，第15卷第2期：193-223。

參考文獻

中文文獻

史雅男，2004，環境資訊揭露與環境聲譽關聯性之研究，淡江大學會計學研究所未出版碩士論文。

行政院主計總處，2018，綠色國民所帳的編制報告，地方統計推展中心。