环境成本对财务绩效的影响研究

发布时间：2018-01-11 00:19

本文关键词：环境成本对财务绩效的影响研究　出处：《贵州财经大学》2017年硕士论文　论文类型：学位论文

【摘要】：随着我国经济发展的步伐不断加快,市场竞争愈演愈烈,企业要想在激烈的市场竞争中谋求一席之地,必然要不断追赶经济发展的步伐。在追逐的过程中,一些企业不惜以牺牲环境为代价,造成了严重的环境问题。那么,作为环境问题的主要制造者但又以盈利为目的的企业,在进行环境保护时所花费的成本会对企业的财务绩效产生怎样的影响。针对这一问题,学术界对此持有不同的观点,但主流观点有以下两种:一部分学者认为环境成本会对企业的财务绩效产生正面影响,但也有学者认为环境成本会使企业的财务绩效降低,从而不利于企业经济目标的实现。因此,对二者关系的研究,将会直接决定企业对于环境保护的态度以及是否会积极主动履行环境保护的责任。本文以我国沪深两市A股上市公司为研究对象,通过对2010年-2015年间上市公司披露的社会责任报告,可持续发展报告以及环境报告书进行整理归纳,共筛选出156家样本公司,通过构建实证模型,对样本公司的环境成本与财务绩效的关系进行实证分析。并得出如下重要结论:第一,企业的环境成本与财务绩效二者之间有着显著的相关关系;第二,当期的环境成本会对企业当期的财务绩效产生负面影响;第三,当期的环境成本对以后各期的财务绩效均有正向的影响,说明该种促进作用具有滞后性。应对实证结果的对策建议:首先,提高企业环保意识,加大环境成本投入;其次,拓宽环保融资渠道,加大环保融资额度;再次,完善环境法律法规,加强政府环境规制力度;最后,采用“环境责任营销”手段,提高企业财务绩效。希望通过上述建议,能够帮助企业在保证其经济利益的前提下,实现财务绩效与环境保护的双赢局面,从而实现企业的可持续发展。
[Abstract]:As the pace of our country's economic development continues to accelerate, the market competition is becoming more and more fierce, enterprises want to seek a place in the fierce market competition, must constantly catch up with the pace of economic development. Some enterprises have caused serious environmental problems at the expense of the environment. How does the cost of environmental protection affect the financial performance of enterprises? in view of this problem, the academic community has different views on it. However, there are two main views: some scholars think that environmental costs will have a positive impact on the financial performance of enterprises, but some scholars think that environmental costs will reduce the financial performance of enterprises. This is not conducive to the realization of enterprise economic objectives. Therefore, the study of the relationship between the two. Will directly determine the attitude of enterprises to environmental protection and whether they will take the initiative to fulfill the responsibility of environmental protection. This paper takes the Shanghai and Shenzhen A-share listed companies as the research object. By summarizing the social responsibility report, sustainable development report and environmental report of listed companies from 2010 to 2015, 156 sample companies were selected. Through the construction of empirical model, the relationship between environmental costs and financial performance of sample companies is analyzed empirically. The main conclusions are as follows: first. There is a significant correlation between environmental cost and financial performance. Second, the environmental cost of the current period will have a negative impact on the current financial performance of enterprises; Thirdly, the environmental cost of the current period has a positive impact on the financial performance of the following periods, indicating that this kind of promoting role has lag. The countermeasures and suggestions to deal with the empirical results: first, improve the awareness of environmental protection of enterprises. Increase environmental cost input; Secondly, widen the financing channels of environmental protection and increase the amount of financing for environmental protection; Third, improve environmental laws and regulations, strengthen the government environmental regulation; Finally, using the "environmental responsibility marketing" means to improve the financial performance of enterprises. Hope that through the above recommendations, can help enterprises in the premise of ensuring their economic interests, to achieve a win-win situation between financial performance and environmental protection. In order to achieve sustainable development of enterprises.
【学位授予单位】：贵州财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F832.51;X196

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