金融保險業環境績效與公司財務績效之探討

An investigation on the environmental performance and financial performance of the financial and insurance industry- the moderating effect of firm sizes

本研究以2015至2022年金融保險業共計52家公司資料為對象，探討金融保險業環境績效與公司財務績效的關係，並進一步探討公司規模對環境績效與財務績效之間的調節效果。研究結果發現環境績效對於財務績效（ROA及ROE）呈現顯著正向影響，環境績效指標中溫室氣體排放和用水及廢水處理績效與財務績效（ROA及ROE）也呈現顯著正相關，顯示企業可以透過卓越的環境績效來提高資源效率改善公司財務績效，另一方面，公司規模對環境效與財務績效在ROA模式中間具有顯著負向調節效果。研究結果可提供管理者對環境績效的決策及提供主管機關推動綠色金融活動的重要參考。

This study aims to investigate the relationship between environment performance and firm financial performance in the financial and insurance industry in Taiwan, and further to examine the moderating effect of firm sizes on environment performance and firm performance. The study collected data from 52 companies in financial and insurance industry from 2015 to 2022 and tested research hypothesis through multiple regression analysis. The results show that environmental performance has a significant positive impact on financial performance (ROA and ROE). Among the environmental performance indications, greenhouse gas emissions, water use and wastewater treatments performance also have significant positive correlations with financial performance (ROA and ROE), showing that the companies can improving resource efficiency and enhance firm’s financial performance through excellent environmental performance. On the other hand, firm size has significant negative moderating effects on environment performance and financial performance in the ROA model. The results have important management implications, which can provide managers with important decision-making references on environmental performance, and are beneficial to the authorities to promote green financial activities.