企业碳绩效与财务绩效相关性研究——来自英国富时350指数的证据

发布时间：2018-01-06 02:04

本文关键词：企业碳绩效与财务绩效相关性研究——来自英国富时350指数的证据　出处：《中国地质大学学报(社会科学版)》2017年05期 　论文类型：期刊论文

【摘要】：在全球气候变化的严峻形势下,低碳发展已成为世界各国政治经济发展的关键词之一。在此背景下,企业的低碳发展战略能否、何时能够帮助其提升财务绩效已然成为企业关注的焦点。为了考察企业碳绩效与财务绩效的相关性,本文以CDP报告中英国富时350企业的相关数据为样本进行实证检验。结果表明:短期内企业碳绩效与财务绩效呈负相关关系,即企业提升碳绩效的努力在短期内还无法被市场认可,但这种关系仅在使用Tobin's Q比率作为财务绩效指标时成立;尽管呈负相关关系,而前期碳绩效对后期财务绩效的影响却是显著的,反之亦然。
[Abstract]:In the severe situation of global climate change, low carbon development has become one of the key political and economic development of countries in the world. Under this background, whether the low carbon enterprise development strategy, when can help improve financial performance has become the focus of enterprises. In order to study the relationship between carbon business performance and financial performance, based on the CDP in the report of the FTSE 350 company related data for empirical tests. The results showed that: in the short term corporate carbon performance has a negative correlation with financial performance, namely the enterprise to enhance the performance of carbon efforts in the short term is not recognized by the market, but the relationship is only in the use of Tobin's Q as the ratio of establishment of financial performance indicators; although there is negative correlation between the early and significant influences on the performance of carbon financial performance is, and vice versa.

【作者单位】：中南大学商学院;
【基金】：国家自然科学基金青年项目“基于工业生产领域的企业循环经济价值流分析方法及应用”(2017JJ3399) 湖南省研究生科研创新项目“环境管理会计‘物质流-价值流-组织’三维模型研究”(CX2016B036) 中南大学研究生自主探索创新项目“企业碳业绩与财务绩效的相关性研究”(2016zzts202)
【分类号】：F275;F831.51;X322
【正文快照】： 一、引言1990年代,美国战略管理学家迈克尔·波特在“波特假说”中就指出,环保规制的约束会激发企业的创新能力并提升环境绩效,进而获取财务竞争力。近年来,在利益相关者理论的支持下,学者们也倾向于认为企业提高碳效率与碳绩效将有助于提升企业社会责任形象、规避潜在的政策

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