监管制度、行业属性与企业环境投资——基于行业差异的影响因素识别与解析

发布时间：2018-10-10 17:01

【摘要】：本文运用固定效应模型和随机效应模型,对行业监管制度、行业属性与企业环境投资之间的关系进行实证研究,剖析基于行业差异的企业环境投资驱动因素。结果表明行业监管制度对于提升企业环境投资水平的作用未得到充分发挥,重污染企业并没有比非重污染企业投入更多的环保资金,重污染行业属性未增强监管制度对企业环境投资的促进作用;企业环境投资水平会随着企业规模的壮大、发展能力的提升而显著提高,盈利能力、盈余质量较好的企业环境投资水平相对较高,成长性较好的企业环境投资水平反而较低;非重污染行业中,营运能力与企业环境投资正相关,发展能力与重污染企业环境投资负相关,与非重污染企业正相关,偿债能力对企业环境投资的影响有限。
[Abstract]:In this paper, the fixed effect model and stochastic effect model are used to study the relationship among industry supervision system, industry attribute and enterprise environmental investment, and to analyze the driving factors of enterprise environmental investment based on industry differences. The results show that the role of industry supervision system in improving the environmental investment level of enterprises has not been fully brought into play, and the heavy pollution enterprises have not invested more environmental funds than non-heavy pollution enterprises. Heavy pollution industry attributes did not enhance the regulatory system to promote corporate environmental investment; the level of enterprise environmental investment will be significantly improved with the growth of enterprise size and development ability, profitability, The level of environmental investment of enterprises with better earnings quality is higher than that of enterprises with better growth, while the level of environmental investment of enterprises with good growth is lower. In non-heavily polluted industries, the operating capacity is positively related to the environmental investment of enterprises. There is a negative correlation between development ability and environmental investment of heavily polluted enterprises, and a positive correlation with non-heavily polluted enterprises. The influence of solvency on environmental investment of enterprises is limited.
【作者单位】：河南工程学院;
【基金】：2017年度河南省科技厅软科学项目“低碳经济下环境会计的应用与完善研究”(项目编号:172400410647)的阶段性成果
【分类号】：F275

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