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研究生:劉育盈
研究生(外文):Yu-Ying Liu
論文名稱:水資源管理與財務表現的關聯性
論文名稱(外文):Water Resource Management and Financial Performance
指導教授:余曉靜
指導教授(外文):Jean Yu
口試委員:溫秀英林文昌
口試委員(外文):S. Y. WenLIN, WEN-CHANG
口試日期:2023-06-30
學位類別:碩士
校院名稱:國立中正大學
系所名稱:財務金融系研究所
學門:商業及管理學門
學類:財務金融學類
論文種類:學術論文
論文出版年:2023
畢業學年度:111
語文別:中文
論文頁數:44
中文關鍵詞:用水量回收利用水量營運效率水風險財務表現
外文關鍵詞:water withdrawalsrecycled wateroperational efficiencywater riskfinancial performance
相關次數:
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  • 點閱點閱:190
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  • 下載下載:1
  • 收藏至我的研究室書目清單書目收藏:1
氣候變遷不僅影響全球企業關注綠色生產及供應,對於各地的暴雨、洪水、乾旱等極端氣候事件所造成的經濟損失,許多企業亦提出相對應的水資源管理措施。本文將水資源管理能力視為企業永續發展的所需能力之一,研究目的為探討台灣上市櫃公司用水量、用水密集度、用水效率、水風險對財務績效和財務風險的影響,也將運營效率對用水效率與財務表現的間接影響納入考量。本文使用了95家公司的樣本,這些公司同時包含2016-2021年水資源管理與財務表現的數據,並採用最小平方法迴歸模型來獲得研究結果。研究結果發現整體來看水資源管理對財務風險的影響比對財務績效的影響來得大。用水密集度提高會增加財務風險。用水效率提高會減少財務績效並增加財務風險,但提高營運效率能調節用水效率對財務表現的影響。水風險對財務績效有顯著負向影響且對財務風險有顯著正向影響。受到氣候變遷影響,台灣企業應需關注如何穩定掌握營運所需水資源,並且在提升用水效率之前先提高營運效率。政府在水價制定上需考量將用水價格反映水資源價值。投資者或債權人可以依照不同產業的生產特性將水風險納入投資評估指標當中。
Climate change not only impacts global companies' concerns regarding green production and supply but also prompts them to propose water resource management measures to mitigate the economic losses. The research aims to examine the financial influence of total water use, water intensity, water efficiency, and water risk for listed companies in Taiwan. Additionally, it considers how operational efficiency indirectly affects water efficiency and financial performance. The results show that water resource management has a greater impact on financial risk than financial profit. Given the influence of climate change, Taiwanese companies should prioritize stable control of the water resources required for operations and enhance operational efficiency. Effective government policy-driven water pricing and investor risk-aware investment returns across industries are suggested for facing water sustainability.
第一章 緒論 1
1.1 研究動機 1
1.2 研究目的 3
1.3 研究架構 4
第二章 文獻探討 5
2.1 水資源議題與企業用水現狀 5
2.2 企業水揭露與財務表現 7
2.3 水資源管理與財務表現 9
第三章 研究方法 12
3.1 資料來源與樣本選取 12
3.2 變數定義 12
3.3 研究假說與實證模型 15
第四章 實證結果與分析 19
4.1 敘述性統計 19
4.2 相關係數分析 22
4.3 迴歸分析 25
第五章 結論 37
參考文獻 39
附錄 42

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