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Please use this identifier to cite or link to this item: http://hdl.handle.net/11455/18811
標題: 人力支出、環境支出與企業價值關聯性研究
The Value Relevance of Human Expenditure and Enviromental Expenditure
作者: 劉家溢
Liu, Chia-Yi
關鍵字: Human expenditure;人力支出;Environmental expenditure;Value relevance;環境支出;價值關聯性
出版社: 會計學研究所
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摘要: 
本研究旨在探討人力支出、環境支出與企業價值之關連性，試圖證實企業是否因投入人力支出與環境支出而使得企業成為高附加價值之知識密集產業與綠色環保產業的一員，而對其企業價值之提升有所幫助。本文發現，員工紅利支出、員工薪資支出、投資污染防治設備支出對於企業價值均有正面顯著的影響效果。另外更發現，員工紅利支出對企業價值的攸關性大於員工薪資支出對企業價值的攸關性；環保罰款損失對於企業價值具有負面顯著影響效果。上述結果顯示出，企業在投入人力支出與環境支出來提升企業價值的同時，應選擇激勵效果較好的員工紅利支出做較多投入，再配合員工薪資支出的投入，使人力支出的投入能達成效益最大化，而且應避免會直接負面影響企業價值的環保罰款損失，尤其以高污染公司更須特別謹慎注意。

This paper investigates the value relevance of human expenditures and environmental expenditures. Tries to examine whether enterprises investing in human expenditures and environmental expenditures will enhance their market value or not. The results indicate that employee profit-sharing expenditures, employee salary expenditures and anti-pollution equipment expenditures have significantly positive influence on market value. Besides, the study found that the value relevance of employee profit-sharing expenditures are bigger than that of employee salary expenditures. Environmental penalty losses have significantly negative influence on market value. Bring altogether the above empirical results show that, when enterprises invest in human expenditures and environmental expenditures to enhance their market value, enterprises should invest more in employee-profit sharing expenditures and avoid environmental penalty losses which usually cause significantly negative influence on market value, especially in high- polluted firms.
URI: http://hdl.handle.net/11455/18811
其他識別: U0005-2806200617462700
Appears in Collections:會計學系所

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