| Summary: | 碩士 === 國立中央大學 === 企業管理學系 === 107 === In recent years, with the continuous advancement of science and technology, the rate of environmental destruction has also accelerated, global warming has become increasingly serious, and extreme weather and shortage of natural resources have caused uneven distribution of food. Environmental problems have impacted the entire ecosystem, making the global government and enterprises pay more attention to the issue of environmental protection. In addition to paying attention to financial information, corporate stakeholders are more concerned about whether the company implements corporate social responsibility. Therefore, it is important to disclose the corporate social responsibility report to disclose the economic, social and environmental impacts of business operations. Moreover, the higher the company's disclosure, the less information asymmetry can be, which helps investors measure when making decisions. The purpose of this study is to explore whether the companies disclose the social responsibility report, and then analyzes the environmental disclosure ratio in the CSR report to research the relationship between the environmental level and the company's performance.
The results show that the company's disclosure of social reports is positively related to the company's performance in the current year and the following year, but it has not achieved significant results. Although it can have a positive impact on company performance, it cannot significantly improve corporate performance. It is also found that the higher the degree of environmental disclosure in the corporate social report, the negative relationship with the financial performance and market value of the current year and the next year. It is estimated that the Taiwanese enterprises as small and medium-sized enterprises, in the case of insufficient profitability. Disclosing more environmental information will increase costs and have a negative impact on corporate financial performance and market value. It is also possible that companies disclose more negative environmental information, which will cause investors to think that the company has more impact on environmental pollution. They will reduce investment in the company, and reduction of company performance. In addition, if the business operations have a negative impact on the environment, they will choose to deliberately conceal negative environmental information to obtain more investment opportunities in the future.
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