| Summary: | 碩士 === 南台科技大學 === 會計資訊系 === 102 === The corporation social responsibility (CSR) reports can raise the transparency of corporate governance and let stakeholders know what corporations do for society, economy and environment. Global reporting initiative (GRI) is standard for corporate social responsibility report. GRI includes several environmental indexes. In recent decades, studies on the performance of CSR have received more attention. However, the related literatures indicate that the CSR does not improve significantly the corporate financial performance. This project attempts to examine the relation between environmental information disclosure in CSR report and the corporate operating performance by introducing the business life cycle concept.
The study mainly explores the correlation between environmental disclosure and operating performance. In environmental disclosure, content analysis method is applied to measure the extent of environmental disclosure, while ratio of return on asset and return on sales are measuring index of operating performance. Sample consists of Taiwan’s electronics listed firms from 2003to 2012. Relative data of operating performance, etc. are obtained from Taiwan Economic Journal Database. We use the sales growth rate (SG), the capital expenditures rate (CEV), the R&D expenses (RDV) and the establishment years (AGE) to determinate the life cycle stage in business. The resultsshow that overall environmental information disclosure is significantlypositive to financial performance, especially in the growth stage is higher than in other stage.
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