矿业上市公司环境实践对财务绩效影响研究
发布时间：2018-08-27 19:09
【摘要】：矿业上市公司因矿业在国民经济中的重要地位而受到投资者与研究者的关注,企业的财务绩效是衡量企业经营状况的重要依据。随着环境问题的日趋严重,人与自然和谐相处的理念深入人心,矿业上市公司的负外部特征愈加明显。矿业企业的利益与环境实践、资源保护之间的矛盾也在升级。基于这样的背景,厘清企业环境实践与财务绩效之间的关系对企业未来战略决策和可持续发展具有重要意义。本文通过文献研究法、归纳分析法,梳理了国内外环境实践与企业绩效的关系并进行归纳总结,发现目前国内有关环境实践与财务绩效的可讨论空间很大,并且由于指标选择和数据搜集的难度,实证研究较少。论文选取矿业上市公司作为研究主体,首先明确本文选择的是广义矿业上市公司,分析矿业上市公司环境实践的现状,基于不同的实践目的与方式将矿业上市公司的环境实践分为实质性环境实践和象征性环境实践。根据相关理论分析提出假设,构建模型。选用2012-2016年矿业上市公司的节能环保投入和是否通过ISO环境质量认证作为解释变量,财务绩效数据作为被解释变量。通过实证发现,短期内矿业上市公司的实质性环境实践对财务绩效具有消极影响,象征性环境实践对企业财务绩效具有积极影响。从企业的长远利益出发,进行环境实践是利大于弊的。最后,从企业外部环境与内部治理两方面提出相应的对策建议,促使矿业上市公司能够最终实现环境实践与经济效益的双赢。
[Abstract]:The listed mining companies are concerned by investors and researchers because of the important position of mining in the national economy. The financial performance of enterprises is an important basis to measure the operating conditions of enterprises. With the increasingly serious environmental problems, the concept of harmony between man and nature is deeply rooted in people, and the negative external characteristics of mining listed companies become more and more obvious. The contradiction between the interests of mining enterprises and environmental practice and resource protection is also escalating. Based on this background, it is of great significance to clarify the relationship between enterprise environmental practice and financial performance for the future strategic decision and sustainable development of enterprises. Through literature research and inductive analysis, this paper summarizes the relationship between environmental practice and enterprise performance at home and abroad, and finds that there is a lot of room for discussion on environmental practice and financial performance in China at present. And because of the difficulty of index selection and data collection, there are few empirical studies. In this paper, mining listed companies are selected as the main body of the study. Firstly, it is clear that the general mining listed companies are selected in this paper, and the current situation of environmental practice of mining listed companies is analyzed. The environmental practice of mining listed companies is divided into substantive environmental practice and symbolic environmental practice based on different practical purposes and methods. According to the related theory analysis, the hypothesis is put forward and the model is constructed. The energy saving and environmental protection investment of mining listed companies in 2012-2016 and whether they have passed ISO environmental quality certification are selected as explanatory variables and financial performance data as explained variables. It is found that the substantial environmental practice of mining listed companies has a negative impact on financial performance in a short period of time, while symbolic environmental practice has a positive impact on financial performance. From the long-term interests of enterprises, environmental practice is more beneficial than harmful. Finally, the corresponding countermeasures and suggestions are put forward from two aspects of the external environment and internal governance of the enterprise, so that the listed mining companies can finally realize the win-win situation between environmental practice and economic benefits.
【学位授予单位】：辽宁工程技术大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：X322;F426.1;F406.7
本文编号：2208172
[Abstract]:The listed mining companies are concerned by investors and researchers because of the important position of mining in the national economy. The financial performance of enterprises is an important basis to measure the operating conditions of enterprises. With the increasingly serious environmental problems, the concept of harmony between man and nature is deeply rooted in people, and the negative external characteristics of mining listed companies become more and more obvious. The contradiction between the interests of mining enterprises and environmental practice and resource protection is also escalating. Based on this background, it is of great significance to clarify the relationship between enterprise environmental practice and financial performance for the future strategic decision and sustainable development of enterprises. Through literature research and inductive analysis, this paper summarizes the relationship between environmental practice and enterprise performance at home and abroad, and finds that there is a lot of room for discussion on environmental practice and financial performance in China at present. And because of the difficulty of index selection and data collection, there are few empirical studies. In this paper, mining listed companies are selected as the main body of the study. Firstly, it is clear that the general mining listed companies are selected in this paper, and the current situation of environmental practice of mining listed companies is analyzed. The environmental practice of mining listed companies is divided into substantive environmental practice and symbolic environmental practice based on different practical purposes and methods. According to the related theory analysis, the hypothesis is put forward and the model is constructed. The energy saving and environmental protection investment of mining listed companies in 2012-2016 and whether they have passed ISO environmental quality certification are selected as explanatory variables and financial performance data as explained variables. It is found that the substantial environmental practice of mining listed companies has a negative impact on financial performance in a short period of time, while symbolic environmental practice has a positive impact on financial performance. From the long-term interests of enterprises, environmental practice is more beneficial than harmful. Finally, the corresponding countermeasures and suggestions are put forward from two aspects of the external environment and internal governance of the enterprise, so that the listed mining companies can finally realize the win-win situation between environmental practice and economic benefits.
【学位授予单位】：辽宁工程技术大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：X322;F426.1;F406.7
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