基于EIO-LCA模型的中国可持续投资基金环境绩效评价研究

发布时间：2018-02-16 08:06

本文关键词： 可持续投资基金环境绩效 EIO-LCA模型环境金融百万净值环境影响量　出处：《生态经济》2017年11期 　论文类型：期刊论文

【摘要】：在追求财务目标的同时确保可持续发展目标,是可持续投资基金(SIF)区别于传统基金最大的特点。与传统基金相比,SIF的环境绩效的实际表现如何?论文分别选取十四支可持续投资基金(K组)和传统基金(C组)为样本,构建经济投入产出生命周期模型(EIO-LCA),从国民经济部门投资比例、重污染行业投资趋势、百万净值环境影响量三方面对比两组基金的环境绩效。研究发现:(1)K组与C组基金在国民经济各部门中的分配差异并不明显;(2)无论是K组还是C组基金,近年在重污染行业的投资比重均呈下降态势,环境绩效均有所提升;(3)以百万净值环境影响量度量基金投资的环境绩效,无论是均值还是标准差,K组基金均差于C组基金。在实际投资过程中,SIF并未实现其投资目标,甚至SIF的环境绩效表现略差于传统基金。
[Abstract]:In pursuit of financial objectives while ensuring sustainable development goals, sustainable investment fund sif is the biggest difference from traditional funds. Compared with traditional funds, what is the actual performance of SIF environmental performance? In this paper, 14 sustainable investment funds (group K) and traditional funds (group C) are selected as samples to construct the economic input-output life cycle model (EIO-LCAA), which is based on the proportion of investment in national economic sectors and the investment trend of heavily polluted industries. The environmental performance of the two groups of funds was compared in three aspects. The study found that there was no significant difference in the distribution of funds between group K and group C in various sectors of the national economy.) whether it was group K or group C, In recent years, the proportion of investment in heavy pollution industries has decreased, and the environmental performance has improved. The average value and standard deviation of fund in group K are different from those in group C. in the process of investment, SIF has not achieved its investment goal, and even the performance of environmental performance of SIF is slightly worse than that of traditional fund.
【作者单位】：石家庄铁道大学经济管理学院;中铁第五勘察设计院集团有限公司;
【基金】：河北省社会科学基金项目“可持续投资基金真的可持续吗?——基于EIO-LCA法的实证研究”(HB15YJ016) 河北省高校人文社会科学重点研究基地
【分类号】：F832.51;X820

【相似文献】