臺灣博碩士論文加值系統

隨著人類日漸對環保議題的重視，而目前此議題發展已有一段期間，本研究欲探討獲得工業永續精銳獎之企業的盈餘（權益帳面價值）價值攸關性平均相對高於（低於）其他企業，並利用Ohlson（1995）評價模式結合價值攸關性研究。本研究以工業永續精銳獎的得獎企業為代表，得獎企業得獎效果期間本研究以得獎年度及其後2年（共3年）為得獎樣本，且研究期間為民國89年至96年共8年，在我國上市（櫃）公司的觀察值共7115筆。結果發現得獎之企業盈餘（權益帳面價值）顯著高於（低於）沒得獎之企業，亦即得獎企業的盈餘係數具有價值攸關性，且得獎企業盈餘顯著較其他企業高，意味獲利能力較佳。希冀本研究結果可供投資人、企業、政府機關對企業的綠色資訊更進一步的了解。

Prior research suggests that nonfinancial information also can increase market value of firms. The purpose of this study is examined the relation between Industrial Sustainable Excellence Award and market value of firms. This study applies Ohlson（1995）model based on the sample listed on Taiwan Stock Exchange and OTC including 7115 firm-year observations from periods 1990 to 2007. Our findings indicate that the firm with Industrial Sustainable Excellence Award is value relevance.

目 錄 頁次
中文摘要 I
英文摘要 II
誌 謝 III
表 目 錄 V
圖目錄 VI
一、 緒 論 1
1.1. 研究背景與動機 1
1.2. 研究目的 4
1.3. 研究預期貢獻 5
1.4. 研究架構 8
二、 文獻探討 10
2.1. 非財務指標之價值攸關性相關文獻 10
2.2. 環境會計相關研究 12
三、 研究方法 17
3.1. 觀念性架構 17
3.2. 建立假說 18
3.1. 實證模型與變數衡量 21
3.2. 樣本選取、研究期間及資料蒐集 28
四、 實證結果與分析 30
4.1. 敘述統計與相關分析 30
4.2. 實證結果分析 36
4.3. 敏感性分析 39
五、 結論與建議 43
5.1. 研究結論 43
5.2. 研究限制、建議與未來研究方向 43
參考文獻 45

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