2010 International Conference
on Knowledge-Based Economy & Global Management
The Impacts of Saving-Energy Subsidy Policy
on The Financial Performance
for Energy Labeled Product Manufacturers
Mei-chin Chu, Jyh-Ming Chan, and Yu-Te Huang
Department of International Business
Southern Taiwan University, Tainan, Taiwan
Presenter: Mei-chin Chu
The Impacts of Saving-Energy Subsidy Policy
on The Financial Performance
for Energy Labeled Product Manufactures
•
2. Literature Review
Energy label in Taiwan: a government-backed
voluntary label program by Bureau of Energy ,
Ministry of Economic Affairs (BOE) .
• To promote deployment of energy
efficiency technologies, as well as to
encourage green consumption.
• Applicants have to meet the
requirements of energy
efficiency criteria –at least 10%
higher than the national standard.
2010 International Conference on Knowledge-Based Economy & Global Management
2
The Impacts of Saving-Energy Subsidy Policy
on The Financial Performance
for Energy Labeled Product Manufactures
From http://www.energylabel.org.tw/
2. Literature Review
3
The Impacts of Saving-Energy Subsidy Policy
on The Financial Performance
for Energy Labeled Product Manufactures
2. Literature Review
• The Economic Stimulus Act of 2008 in Response
to the Recession approved on 2008/09/11.
• To encourage green consumption as well as to
help development of the industry.
• Subsidized items: including air-conditioners,
washing machine, and refrigerators.
• Subsidized period: from 2008/10/01-2009/03/31.
• Subsidized amount: NT$2000/quantity.
2010 International Conference on Knowledge-Based Economy & Global Management
4
The Impacts of Saving-Energy Subsidy Policy
on The Financial Performance
for Energy Labeled Product Manufactures
2. Literature Review
 Correlation between environmental events
and stock prices
 Environmental Protection Acts
 Environmental events
 Other government policies
 Correlation between environmental performance
and business mangerial performance
 Tobin’s q
 ROA
2010 International Conference on Knowledge-Based Economy & Global Management
5