Relationship between Firm-value and Carbon Emissions: Evidence from Taiwanese Firms

• Main Authors: Yan-GuangHan, 韓硯光
• Other Authors: Hwa-Wei Huang
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/sm5sfj

碩士 === 國立成功大學 === 會計學系 === 106 === Matsumura et al. (2014) find a negative relationship between carbon emissions and firm’s value in American and Europe, indicating that market investors poses a negative view toward the amount of carbon emissions disclosed in the corporate social responsibility (CSR) reports. This paper examines whether this negative relationship holds in Asia. By using the carbon emission data in Taiwan, this paper finds that the amount of carbon emissions is positively associated with the firm’s values, which is on the contrary to the previous findings. The results suggest that the Eastern investors holds a different attitude toward the carbon emissions than investors in Western countries.