环境责任表现对公司财务绩效的影响研究

发布时间：2018-01-25 12:43

本文关键词： 中央企业社会责任环境责任财务绩效　出处：《五邑大学》2015年硕士论文　论文类型：学位论文

【摘要】：科学技术水平的提高,促进生产力的大发展,但严峻的环境问题也日益暴露在世人面前,为此世界各国都越来越关注环境保护问题。我国也从立法上开始重视起环境问题,从全国人大到地方政府,纷纷出台了环保相关的政策和法律法规。作为经济活动最主要的参与主体之一,我国众多企业是进行环境保护、履行环境责任的最重要力量。我国政府已从不同层次采取不同策略,来鼓励企业积极承担环境责任,以提高环境质量。但只有各企业从战略层面上重视环境保护,并努力将自身经济利益需求与社会可持续发展的目标统一起来,使环境责任内化为企业的自觉行为,才能保证环境保护政策的有效落实与实施。本文以我国2010-2013年发布社会责任报告、环境责任报告或可持续发展报告的上市中央企业及其控股企业为样本,构建环境责任评价指标体系,以其综合评分评价公司环境责任表现,以每股收益表示财务绩效,进行实证分析,研究公司承担环境责任的表现对财务绩效产生的影响,检验企业经济利益目标与社会可持续发展目标实现的一致性,并结合我国目前的现实经济条件和发展状况,提出强化企业承担环境责任的建议。研究结果显示:样本公司的环境责任表现对其当期财务绩效的影响不明显。但对样本公司环境责任表现的滞后期分析结果显示:随着时间的推移,样本公司的环境责任表现对财务绩效的影响逐渐由负转变为正,样本公司环境责任表现对其财务绩效存在滞后性积极影响,其中在滞后期第二年影响最明显。也就是说,央企积极履行环境责任对其财务绩效的正向影响存在滞后效应,企业积极承担环境责任对其今后财务绩效的提高,确实有着积极的促进作用。
[Abstract]:The improvement of science and technology promotes the development of productive forces, but the severe environmental problems are increasingly exposed to the world. Therefore, more and more countries all over the world pay attention to environmental protection. China has also begun to attach importance to environmental issues, from the NPC to local governments. As one of the most important participants in economic activities, many enterprises in our country are engaged in environmental protection. Our government has adopted different strategies from different levels to encourage enterprises to take environmental responsibility actively. In order to improve environmental quality, only enterprises attach importance to environmental protection from the strategic level, and strive to unify their economic interests with the goal of social sustainable development. Only by internalizing environmental responsibility into the conscious behavior of enterprises can we ensure the effective implementation and implementation of environmental protection policy. This paper issues a social responsibility report from 2010 to 2013 in China. The listed central enterprises and their holding enterprises in the environmental responsibility report or sustainable development report are taken as samples to construct the environmental responsibility evaluation index system and evaluate the environmental responsibility performance of the company with its comprehensive score. The financial performance is expressed by earnings per share. The empirical analysis is carried out to study the impact of the performance of corporate environmental responsibility on financial performance, and to test the consistency between the goal of economic interests and the realization of social sustainable development goals. And combined with the current economic conditions and development of our country. The research results show that:. The environmental responsibility performance of the sample company has no obvious impact on its current financial performance, but the results of lag analysis of the sample company's environmental responsibility performance show that: with the passage of time. The environmental responsibility performance of sample companies gradually changed from negative to positive from negative to positive. The environmental responsibility performance of sample companies has a lag positive impact on their financial performance. In the second year of lag, the impact is the most obvious. That is to say, there is a lag effect on the positive impact of the central enterprises' environmental responsibility on their financial performance, and the enterprises actively assume environmental responsibility to improve their financial performance in the future. It does play a positive role in promoting it.
【学位授予单位】：五邑大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F275;X322

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