The Impact Of Government Subsidies On The Investment Behavior Of Environmental Protection Industry Companies Research On Sound

The need for economic development has spawned and contributed to the prosperity of the environmental protection industry.The strategic goals of ’ carbon peak ’ and ’ carbon neutrality ’ have further improved the development quality needs of the industry.As a policy-oriented industry,the environmental protection industry has received government subsidies since the early 21 st century,and the amount of subsidies has been increasing and the subsidy projects have been increasing.During this period,the Chinese government actively promoted and guided the development of the environmental protection industry in various forms of subsidies,such as financial appropriations and tax refunds.But this large-scale government subsidy has also triggered a series of discussions,that is,whether it really helps to guide the development direction of environmental protection enterprises,whether it will have an impact on the investment,timing and objectives,and whether there is a series of over-investment behaviors of enterprises in order to apply for government subsidies ? Up to now,there are still no unanimous views and conclusions on this series of problems in the industry and academia.Based on this,this paper deeply analyzes the impact of government subsidies on all aspects of Weiming ’s environmental protection investment,studies the changes of company investment under government subsidies,finds the mechanism of government subsidies on investment,analyzes the effect of the company ’s investment behavior and puts forward relevant suggestions.Firstly,this paper systematically expounds the research background and practical significance of the subject.Through the analysis of literature,the research methods,specific ideas and main contents of this topic are determined.On this basis,this paper takes Weiming environmental protection enterprise as the case object,introduces the government’s incentive to implement subsidy policies,and studies the guiding role of government subsidies on enterprise investment from multiple dimensions and studies the guiding role of the government subsidy on the enterprise investment from many dimensions.This paper finds that government subsidies effectively guide the investment decisions of environmental protection enterprises to a certain extent,which is embodied in :(1)Government subsidies will obviously affect the scale of corporate investment.The growth rate of investment scale of fixed assets is influenced by the policy of government subsidies;the number of engineering concessions and the company’s patent rights in the investment of intangible assets also have obvious correlation with the change of the amount of government subsidies,and the company obviously increases the related investment after the government subsidies are increased.(2)Weiming Environmental Protection has not only enhanced horizontal expansion but also made vertical investment after receiving government subsidies.The company has always followed the guidance of national policies in choosing investment targets at different stages,so that its investment decisions are in line with national development requirements.(3)During the rapid development of the environmental protection industry,the change in government subsidy policy led to excessive investment in the industry.During this period,the scale of Weiming’s investments rose,but the benefits of investment scale declined significantly.Based on the above findings,this paper draws the following conclusions and revelations.First,the investment behavior of environmental protection industry companies led by Weiming Environmental Protection is deeply influenced by national policy subsidies.Enterprises following the direction of government subsidies can not only ease the operating pressure,but also gain competitiveness to adapt to national development.Secondly,as the key industry of national development,the environmental protection industry can achieve China ’s " double carbon " goal through policy guidance and promote the development of China ’s environmental protection cause.Finally,after the increase of government subsidies,there is a phenomenon of over-investment within the industry,so enterprises need to find the right direction of development in the development and carry out investment resumption on time.Other companies in the same industry can improve their investment efficiency by learning from Weiming ’s investment behavior.The government should also improve the effect evaluation and supervision system after subsidies to promote the high-quality development of the national economy.In the fierce market environment,the company should find its own positioning,choose the appropriate development direction,and constantly improve the core competitiveness of the company.