| Summary: | 碩士 === 國立交通大學 === 管理科學系所 === 103 === In recent years, global warming and resources scarcity have provoked the rise of environmental awareness issues in the society. The environmental regulations in each country are also becoming more stringent, forcing the enterprises to manage their impact on the environment in their daily operation activities. Larger companies often work with their partners in the supply chain to achieve the requirements in environmental protection to meet their customer’s demand. Also, a globalized enterprise will need to comply with different regulations in various countries. Therefore, environmental issues have always been recognized as a corporate social responsibility issue which only increase costs without any benefits in the financial numbers status. However, does green really pay nothing in return?
Porter and Van der Linde (1995) had proposed a "Green Competitiveness" concept, which pointed out that the traditional view of “green doesn’t pay” was a misconception. On the opposite, by simultaneously stimulating more green innovation during the pursuit of environmental sustainability, enterprises gain more competitiveness and business opportunities.
The purpose of this thesis is to investigate the relationship between an enterprise’s environmental performance and its short/long-term financial performance. Will enterprise be paid off after the investment on green issues? Can enterprise’s better green performance bring a justified financial return in the long run? In this thesis, we use the database from Newsweek Green Ranking U.S. Companies 500 to conduct the empirical study to confirm these viewpoints.
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