企業環境資訊揭露與經營績效之關聯性探索

The Exploration on The Relationship between Corporate Environmental Information Disclosure and Operating Performance

李家瑋(Jia-Wei Li)

指導教授 ： 張淳堅

朝陽科技大學/管理學院/會計系/碩士(2015年)

摘要

隨著全球環保意識的抬頭，環境污染的問題愈來愈受到重視，國際之間所訂定的法規及公約都須嚴格的執行，要求各企業必須遵守環境保護的規定，因此企業為了因應環保法規，必須將環保概念融入企業經營的主軸，其環保相關的支出勢必會增加，而這些增加的支出，無論是資本或費用，都可能會影響企業對其他投資的資金投入，因此對於其經營績效將會有影響，但由於企業對環保的投資是有益於環境，在社會大眾眼裡不僅可以提升企業形象，又可以遵守環保公約，達到企業永續經營的目標，對企業本身無不是一個利多的指標。因此本文主要探討環境揭露的程度對於其經營績效之相關性，並以內容分析法來分析企業於股東年報上之環境資訊揭露的程度，並選取資產報酬率作為經營績效的衡量指標，以探討其關聯性。
實證結果發現，企業揭露之環保資訊愈多，對短期而言增加營運成本，勢必會壓縮到其他有利於企業發展的投資活動，進而影響到企業整體之發展，而揭露於股東年報之資訊，均為企業遵循法規之強制性揭露，而這些所需支付之成本及費用，立即反映於企業之當期淨利，對企業經營績效有負向之影響。

關鍵字

環境資訊揭露 ； 經營績效

並列摘要

With the globally rising concern on environmental protection, environmental pollution problems have gained more and more attention as days go by. Rules, regulations and treaties established among nations must be strictly enforced, requiring businesses to comply with the regulation of environmental protection. Thus, in order to comply with environmental protection rules and regulations, businesses must integrate environmental protection concepts into core of business operation, certainly resulting in increase of environmental protection related costs. Such increase in cost, regardless of capital or expense, may affect businesses in their capital input to other investment, which will have impact on their operating performance. However, because investment of businesses in environmental protection is beneficial to the environment, such action will not only promote corporate image in public eyes, but can also comply with environmental protection treaties, achieving sustainable operating objectives of businesses, it is a beneficial indicators. Therefore, the study aims to explore the correlation between the extents of environmental disclosure and operating performance by applying content analysis to analyze the extent that businesses disclose environmental information on annual financial statements and selecting total assets as measuring indicators of operating performance to explore their correlation.
Results of the test find that as businesses disclose more environmental protection information, operation costs would be increased in the short term, thus compressing other investment activities that are beneficial to business development, further affecting businesses in overall development. Besides, disclosures on annual financial statements are all mandatory disclosures that businesses comply with rules and regulations. Such cost and expenses would immediately reflect in businesses’ current net income, thus resulting in negative effect on businesses’ operating performance.

並列關鍵字

Environmental Information Disclosure ； Operating Performance

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