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The Study On The Facts Of Influencing On The Listed Companies’ Investment In Environmental Protection

Posted on:2016-09-25Degree:MasterType:Thesis
Country:ChinaCandidate:X DuFull Text:PDF
GTID:2309330461953756Subject:Accounting
Abstract/Summary:PDF Full Text Request
Environmental pollution events happened frequently makes the current environmental problems become the focus of attention all over the world. The national government, environmental groups, media and the public provide solutions and find ways to solve environmental problems from various aspects, but the actual situation is not optimistic. Enterprise is engaged in social economic activities to a large amount of natural resources at the same time, the residue of emissions to the environment at the same time, so the enterprise is the main body to produce environmental problems, should also be subject to solve major environmental problems accordingly. However, enterprise is a pursue wealth maximization as the goal of economic organization, how to make the enterprise in the pursuit of economic interests to protect the environment at the same time, to achieve the "win-win" environment and the economy, becomes the key to the sustainable development of human successfully. In the process of reflecting enterprise green environmental protection investment, one of the efficiency of management tools affected by what factors? Should be how to adjust? In this context, through to the listed companies in our country the influence factor of the environmental protection investment theoretical research and empirical analysis, to explore how to improve the efficiency of the environmental protection investment, promote as autonomy of microscopic main body of environmental protection enterprises, increase investment in enterprise environmental protection is very necessary.This paper expounds the connotation of environmental protection investment, source, structure, risk, on the theory of corporate social responsibility, corporate governance theory, sustainable development theory, and based on the theory of information asymmetry and influence factors for environmental protection investment is defined, in theory to our country listed company analyzes the internal and external factors affecting the investment of environmental protection. Empirical part in China’s petroleum and chemical industry listed companies as samples, the selection of the 2010-2013 data of 185 sample companies, investment in environmental protection level and its influencing factors in the descriptive statistics and multivariate linear regression analysis. The empirical results found that the level of listed companies in China’s environmental protection investment is generally low, the environmental protection investment level is outstanding individuality differences; Government environmental regulation intensity and negative correlation between the listed company investment level of environmental protection, equity concentration, equity nature, corporate profitability and company scale and the level of environmental protection investment has significant positive correlation, equity balance degree, debt paying ability, development ability and the level of environmental protection companies. This research conclusion for stakeholders to understand not only the execution of the current corporate environmental responsibility and government clearly provides the basis for the effective degree of environmental regulation, and enrich the academic literature in the field of enterprise investment research and expand the research Angle of view of environmental protection investment.
Keywords/Search Tags:Investment on environment protection, influence factors, listed company
PDF Full Text Request
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