綠色會計對臺灣上市公司碳排放與財務績效影響之研究

The Impact of Green Accounting on Carbon Emissions and Financial Performance of Listed Companies in Taiwan

This study explores the relationship between green accounting, carbon emissions, and corporate profitability, conducting a multiple regression analysis of listed companies on the Taiwan Stock Exchange from 2014 to 2023. The results show that carbon emissions have a negative impact on Tobin's Q, while good environmental performance is positively correlated with market value. Corporate governance indicators, such as the proportion of shares held by directors and the number of independent directors, are positively correlated with Tobin's Q and ROA. The R&D expenditure rate has a positive effect on Tobin's Q and the company's market capitalization, but a negative effect on ROA. The study suggests that third-party verified sustainability reports can reduce the negative impact of carbon emissions on corporate value and highlight the positive effects of emission reduction performance. The research emphasizes that companies need to balance the pursuit of economic benefits with carbon reduction and improved environmental performance, providing empirical support for the necessity of companies enhancing their competitiveness through continuous improvement in environmental management and corporate governance in the green economy trend. Future research should expand the scope and sample size, and use more robust statistical methods to improve the reliability and persuasiveness of the study.