隨著全球環保意識抬頭，廢棄物相關議題備受重視。永續發展潮流興起，利害關係人對永續資訊的重視不斷增加，避免漂綠風險成為焦點。國際及國內對永續資訊的規範逐步加嚴，各國監管機構加強監管力度。利害關係人及投資者對企業廢棄物資訊揭露與風險控管亦日益看重。有鑑於此，本研究把焦點聚焦於臺灣，探討自主揭露廢棄物產生量資訊之企業與其公司價值、公司特性及財務績效表現之關係。本研究以2021年與2022年我國上市櫃公司（排除金融業）為對象，分析共計3,404筆樣本觀測值，採多元迴歸模式及羅吉斯迴歸模式來逐一探討。實證結果發現，企業自主揭露廢棄物資訊有助於提升企業價值。已編制永續報告書的企業對廢棄物管理資訊掌握較佳，且第三方驗證可提升資訊信任度。然而，投資者對廢棄物資訊揭露與投資決策的關聯性尚未明顯。本研究亦發現廢棄物資訊揭露與獲利能力之股本報酬率及每股盈餘呈正相關，而股東權益報酬率相關性為不顯著，其須在進一步判別交互之關係。在財務流動性指標及償債能力指標均為顯著負相關，顯示企業可能因管理不善或財務壓力而忽略廢棄物資訊管理。

With rising global environmental awareness, waste-related issues and sustainable development are increasingly prioritized. Enhanced regulations and oversight have led stakeholders and investors to focus more on corporate waste disclosure and risk management. This study examines TWSE listed and OTC companies （excluding the financial sector） from 2021 to 2022, analyzing 3,404 observations using multiple and logistic regression models. The findings indicate that voluntary waste disclosure boosts corporate value, especially for companies with sustainability reports and third-party verifications. Additionally, the correlation between waste information disclosure and investment decisions remains unclear to investors. This study also found that waste information disclosure is positively correlated with profitability indicators such as return on equity （ROE） and earnings per share （EPS）, while the correlation with return on assets （ROA） is not significant, requiring further investigation. Both financial liquidity indicators and solvency indicators show significant negative correlations, indicating that companies may neglect waste information management due to poor management or financial pressure.

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