题名

環境揭露與財務績效關聯性－盈餘管理之調節效果

并列篇名

The Relationship between Environmental Disclosure and Financial Performance-The Moderating Effect of Earnings Management

DOI

10.29698/FJMR.201211.0002

作者

林金賢(Chin-Shien Lin)；黃瓊瑤(Chiung-Yao Huang)；張瑞元(Ruei-Yuan Chang)

关键词

環境揭露 ； 財務績效 ； 盈餘管理 ； Environmental Disclosure ； Financial Performance ； Earnings Management

期刊名称

輔仁管理評論

卷期/出版年月

19卷3期（2012 / 11 / 01）

页次

27 - 54

内容语文

繁體中文
中文摘要

氣候變遷問題對全球經濟發展與人類生存均造成極大威脅，促使人們高度關注環境保護議題，並期望消耗地球資源最多的企業充分揭露環境資訊。面對這股無法抵擋的環境保護需求與壓力下，現階段國內企業的環境資訊揭露是公司治理機制的具體實踐？抑或可能僅是經理人用以管理組織生存合法性地位的一種手段？此為本文所關切的課題。本研究以2008年台灣1000大製造業為研究樣本，探討環境揭露與財務績效間之關聯性，並檢測盈餘管理對兩者間關係之調節效果。利用層級式廻歸進行假說驗證，實證結果發現環境揭露與財務績效間存在顯著負向關係；此外，經理人可以同時動用盈餘管理手段以美化財務績效表現，因此盈餘管理對兩者間之關係具有正向調節效果。此一研究發現，本文推論現階段國內環境資訊揭露實務傾向支持合法性理論之論點。
英文摘要

Dramatic changes in global climate bring great disasters for the people and facilitate the increasing attention to the requirement for environmental protection consequently. Companies with the most consumption of the natural resources are expected to disclose their environmental performance. An interesting issue is whether the environmental performance disclosure is a reflection of a company's governance mechanism or a means to obtain its legitimacy. This study is trying to investigate a linkage between environmental disclosure and corporate financial performance in Taiwanese manufacturing industry. All manufacturing firms examined in this study are listed in Taiwan stock exchange market in 2008. We use hierarchical regression model to test the proposed hypotheses. The empirical results show a significantly negative relationship between environmental disclosure and corporate financial performance. Furthermore, firms with more earnings management could positively moderate the negative relationship between environmental disclosure and corporate financial performance. These findings imply that managers can do the financial statement window dressing through earnings management. This study provides several implications and suggestions for future research.
主题分类 社會科學 > 管理學
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被引用次数
  1. 蔡宜均,許景嵎(2021)。The Impact of Corporate Social Responsibility Awards on Corporate Misbehavior。管理學報，38(2)，287-312。
  2. 游志青、陳俊碩、胡哲生(2013)。臺灣企業環境責任觀念架構之建構—以資訊科技產業領導廠商為例。企業管理學報，99，1-28。
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