The Impact of Carbon Reduction Performance and Corporate Governance on Firm Performance

• Main Authors: Chien-Wen Chan, 詹茜雯
• Other Authors: Shu-Chin Chang
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/uk523t

碩士 === 中原大學 === 會計研究所 === 106 === In recent years, the environment has undergone drastic changes, and people are paying more and more attention to environmental protection. Governments in various countries have enacted legislation requiring enterprises to protect the environment and pursue sustainable development while pursuing profit. At present, preventing climate change and reducing greenhouse gas emissions, mitigating carbon dioxide emissions, preventing sea level rise and severe climatic conditions have become important global trends at this stage. When companies implement carbon reduction activities, they will generate expenditures. Therefore, this study explores the correlation between carbon reduction performance and firm performance. The research results show that carbon reduction performance has a negative impact on firm performance, and implementing carbon reduction activities will reduce firm performance. The reason may be that the implementation of carbon reduction activities requires a lot of cost, but in the short term, there is no obvious benefit to the company. In addition, many previous studies have found that corporate governance has a significant impact on the company''s implementation of corporate social responsibility, and carbon reduction performance is one of corporate social responsibility. The decision of the board of directors affects the company''s future development. The company''s carbon reduction policy depends on the decision-making of the board of directors. The board of directors considers the company''s carbon reduction performance when planning the company''s future development. Therefore, this study explores the correlation between carbon reduction performance and corporate governance on firm performance. The results show that carbon reduction performance and board size have a positive impact on firm performance. As the board size grows, it is more effective to implement carbon reduction behavior and improve firm performance. The carbon reduction performance and the proportion of independent directors have a negative relationship with the firm performance. It may be because the independent directors supervise the company''s input costs in the carbon reduction activities, but because the carbon reduction activities require huge funds, and the carbon reduction performance cannot be obvious in the short term. The impact of the carbon reduction performance and the proportion of independent directors is negatively correlated with firm performance.