企業環境資訊的公開可使社會大眾更了解使用產品對環境的影響,並進而提升對企業社會責任監督之功效。在此思維浪潮下,企業經營決策的制定需要有足夠的環境會計資訊作為基礎,明確清楚的環保策略能提升企業正面形象,並增加附加價值。基於以上考量,且鑒於國內外對影響資訊揭露的最基本因素「公司治理」之研究相對稀少情況下,本研究以公司治理中董事會特性及股權結構之角度切入,藉以剖析此兩構面對環境資訊揭露之影響程度。本研究以內容分析法針對年報中的環境資訊揭露,參照我國相關法規所訂定的環境揭露資訊進行評比,以縱橫資料(panel data)複迴歸模式進行公司治理構面對環境資訊揭露之影響,結果顯示上市櫃公司股權越分散,企業會傾向揭露較完整之環境資訊,尤其敏感性產業最為明顯。
Disclosing environmental information makes people understand the impact of the company product on the environment and further supervise on corporate social responsibility. Based on the above viewpoint, enterprises need enough environmental information to make decision. Clear and definite disclosing environmental information can promote positive image. However, there are few studies investigating the basic factors that affect environmental information disclosure. The purpose of this work tries to examine the impact of corporate governance on environmental information disclosure. Content analysis is used to measure the extent of environmental disclosure in company annual report. This study bases on a sample of listed company data in Taiwan Economic Journal over the period of 2006 to 2009 and adopts the panel data models to explore the impact of corporate governance on environmental information disclosure. This study measures the characters of corporate governance from two dimensions: board of director composition and ownership structure. The empirical results indicate that the firms with more dispersed stock structure tend to disclose more environmental information, especially in environmental sensitive industry.