| Summary: | 碩士 === 逢甲大學 === 會計學系 === 104 === The enterprise taken from society giving back to society. In the past, the main purpose of a corporation was maximize profits, but todays enterprises pay more attention to environmental protection issues. This study investigated whether the improved environmental performance of a company affects its future development and whether the company benefits from its management making business decisions that are more appropriate for enhancing the future financial performance of the company. In this study, lists of candidates from the 2012-2013 Corporate Environmental Award and Labor Safety and Health Unit of Excellence Award were used to derive samples of companies according to a method used by Palepu (1986): Experimental and control samples were matched at a 1:2 ratio. Finally, the effects on the environmental and future financial performance of the companies were examined through multiple regression analysis. The results show that regardless of election outcomes, the winning score, environmental performance, and environmental performance indicators constitute the rate of return on assets (ROA), Tobins Q revealed a significantly positive correlation, indicating that representative election awards require candidate companies to incorporate environmental issues into their internal decision making. Furthermore, companies obtaining the Corporate Environmental Award or Labor Safety and Health Unit of Excellence Award have demonstrated enhanced financial performance, and affecting their short-term market performance (Tobins Q), but their long-term accounting performance (ROA). This study suggests that company managers concerned with high profits incorporate environmental issues into major decisions, because doing so enhances the environmental performance of all aspects of the company to gain advantages in the future. The findings of this study can be used as a reference to promote a companys environmental performance and to develop a system for measuring corporate social responsibility.
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