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|Other Titles: ||Correlation of board diversity, environmental performance and financial performance|
|Authors: ||張雲龍;Chang, Yun-Lung|
|Keywords: ||董事會多元化;環境績效;綠色競爭力;財務績效;Board diversity;environmental performance;Greenhouse gas;financial performance|
|Issue Date: ||2014-01-23 14:05:55 (UTC+8)|
This article for the Japanese market enterprises to adopt the economic consequences of different environmental strategy, as well as members of the board trait diversification will strengthen the results. In this paper, the Nikkei 500 constituent stocks as the research object, the research period during the 2006-2010 years, using Panel Data analysis to test the hypothesis. Empirical results of this article found that that the low-carbon revenue strategy will obtain the positive economic consequences, On the contrary, paying attention to disclose the environmental management is waste enterprise resource. However, according to the theory of groups diversity, such as the board of directors has diversified traits. Will be show more widely vision and pluralistic the pipeline in order to solve the problem, leads supervision ability rise, decline in agency costs. We have found when the implementation of low-carbon revenue strategy, the board diversity will strengthen the economic consequences. Further testing found that the higher proportion of outside directors and director’s age distribution more widely, the effect is more enhanced; On the contrary, when the disclosure by the implementation of environmental management, wasting resources is not compensation because of board diversity. Of the contribution of this paper, look forward to make up the lacking for information about Japanese companies environmental management strategies, financial performance and the board diversity, and provide the useful information about green competitive.
|Appears in Collections:||[會計學系暨研究所] 學位論文|
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