采矿业上市公司环保投入对财务绩效的影响研究

发布时间：2018-02-28 02:23

本文关键词： 采矿业上市公司环保投入环境预防性投入环境治理恢复投入财务绩效　出处：《江西理工大学》2017年硕士论文　论文类型：学位论文

【摘要】：随着新《环保法》的正式实施以及“十三五”规划对环境治理机制的重大改革,国家对重污染行业环境管理问题提出高度重视,对企业环境污染物披露提出更严格要求,加大对重污染行业的环境惩治力度,同时呼吁企业应加强环保投入,并重视源头控制与末端治理的双向把控,将环境保护落实到企业各项实际工作中,推进国家生态文明制度建设。采矿行业作为国民经济的重要组成部分,同时也是污染性较大的行业,应主动承担起“环境保护、节约资源、共同可持续发展”的社会责任,将环境管理纳入企业发展战略规划中,积极转变经营理念,重视环境预防和环境治理的相协调,而环保投入的增加势必会影响企业财务绩效,且不同性质的环保投入可能产生不一样的影响。基于此,本文将环境预防性投入和环境治理恢复投入作为切入点,深入研究环保投入对财务绩效的影响关系。本文首先回顾环保投入、财务绩效、环保投入与财务绩效的关系三方面的相关文献,在前人学者研究的基础上给出本文对环保投入的界定与划分。根据社会责任理论、可持续发展理论和利益相关者理论提出本文的研究假设,依据研究假设进行变量设计、构建回归模型。本文对75家采矿业上市公司进行样本数据收集,由于当前企业环境数据披露的自愿性,通过手工数据整理,最终只选取23家企业2010-2015年的完整有效样本数据,采用描述性统计、相关性分析,建立多元回归模型等展开实证研究,最后得出以下结论:企业环保投入对财务绩效产生正向影响,且这种积极效应表现为持续性。具体而言,环境预防性投入和环境治理恢复投入对提高财务绩效都具有促进作用,而且这种促进作用也都存在持续性,但相比较而言,环境预防性投入对财务绩效的积极影响更大。因此,本文提出采矿业企业应重视环保投入,将其转化为经济效益,能够给企业财务绩效带来积极的作用,同时应将环境管理重心转移到环境预防工作上,将对企业可持续发展有更深远的影响。最后,根据研究结论,本文分别从企业、政府和社会方面给出相关政策建议,企业自身应将环境因素纳入企业战略规划,优化环保投入结构,加强环保投入披露;政府应完善环境信息披露制度,为企业提供明确的披露标准,加强对重污染行业的环境监管,出台相应税收政策、政府补贴,形成有效的环境保护激励制度;社会公众、新闻媒体应发挥环保监督作用,积极参与到环境保护当中,构建良好的社会监督体系。
[Abstract]:With the formal implementation of the new Environmental Protection Law and the major reform of the environmental governance mechanism in the 13th Five-Year Plan, the state has put forward a high degree of attention to environmental management problems in heavy polluting industries and stricter requirements for the disclosure of environmental pollutants in enterprises. At the same time, it calls on enterprises to strengthen their investment in environmental protection, pay attention to the two-way control of source control and end control, and implement environmental protection into the actual work of enterprises. The mining industry, as an important part of the national economy and also a polluting industry, should take the initiative to assume the social responsibility of "environmental protection, conservation of resources, common sustainable development". Integrating environmental management into the strategic planning of enterprise development, actively changing the concept of operation, paying attention to the coordination of environmental prevention and environmental management, and increasing the investment in environmental protection will inevitably affect the financial performance of the enterprise. And different nature of environmental protection investment may have different effects. Based on this, this paper takes environmental preventive investment and environmental governance recovery investment as the starting point. Firstly, this paper reviews the related literature on the relationship between environmental protection input, financial performance, environmental protection investment and financial performance. According to the theory of social responsibility, the theory of sustainable development and stakeholder theory, the research hypothesis is put forward, and the variable design is carried out according to the research hypothesis. In this paper, 75 listed mining companies were collected by sample data collection. Due to the voluntary disclosure of environmental data, only 23 enterprises were selected from 2010 to 2015 by manual data collation. By using descriptive statistics, correlation analysis and multiple regression models, the author draws the following conclusions: the positive effect of environmental protection investment on financial performance is sustainable. Both environmental preventive inputs and environmental governance restoration inputs contribute to improving financial performance, and both have a continuing impact. However, environmental precautionary inputs have a greater positive impact on financial performance. This paper puts forward that mining enterprises should attach importance to environmental protection investment and transform it into economic benefits, which can bring positive effect to the financial performance of enterprises, and at the same time, the focus of environmental management should be shifted to environmental prevention work. Finally, according to the conclusion of the research, this paper gives the relevant policy suggestions from the enterprise, government and society, and the enterprise should incorporate the environmental factors into the enterprise strategic planning. The government should perfect the environmental information disclosure system, provide clear disclosure standards for enterprises, strengthen the environmental supervision of heavy pollution industries, issue corresponding tax policies and government subsidies. To form an effective incentive system for environmental protection, the public and the news media should play a role in environmental protection supervision, participate in environmental protection actively, and build a good social supervision system.
【学位授予单位】：江西理工大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F406.7;F426.1

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