Study On The Influencing Factors Of Financing Mode Of Environmental Protection Industry

Over the years,with the rapid development of China’s economy and the accelerating urbanization process,people are facing more and more pressure on ecological environment and resources.The state pays special attention to the environmental protection industry and pays great attention to formulating scientific environmental protection industry development countermeasures.Industry to achieve green economy and green urbanization,environmental protection industry in the national economic transformation and improve the living conditions of human society play an important role.However,the contradiction between supply and demand of environmental protection funds has become the primary problem that restricts the development of China’s environmental protection industry.To solve the financing problem of environmental protection industry is not only about the future direction of China’s environmental protection industry,but also an important way to ease the government’s financial pressure.To achieve the normal production and operation of the environmental protection industry as well as the expansion of the scale of the company,it is necessary to raise sufficient funds through rational financing,which is of great practical significance to the future development of environmental protection industry.Therefore,based on the review of the domestic and foreign literatures,this paper takes 25 environmental protection listed companies in Jiangsu environmental protection industry as research samples,based on the analysis of "problem-analysis-problem-solving",through descriptive statistical analysis,correlation analysis,Then the paper analyzes the internal and external factors influencing the financing mode of the environmental protection industry,and analyzes the influence factors and the financing ways of the enterprises through the multiple linear regression analysis.The result shows that the financing mode of the environmental protection industry is the most important factor.The relationship between the financing for the environmental protection industry,the choice of ways to make optimal recommendations.After empirical study and case study,it is found that firm size,financing risk,profitability and ownership structure are positively correlated with asset-liability ratio.Growth,asset collateral value and internal financing ability have no significant correlation with asset-liability ratio.This shows that:(1)the high threshold of equity financing,making it difficult for enterprises to equity financing,unless it has a strong profitability,and growth and there is no obvious relationship,which the stock market optimization of resource allocation function(2)The corporate lending behavior is not consistent with the general law of debt financing,there is a certain discrepancy.After a thorough analysis of the empirical results of environmental protection industry financing,the author believes that the main reason for the problems such as the lack of financing channels,the high cost and the low efficiency of Jiangsu’s environmental protection industry is the current market economy system and environmental industry financing Structure of the irrational.In view of the actual development of Jiangsu Province and the factors affecting the financing of the environmental protection industry,this paper proposes specific policy recommendations and solutions.On the one hand,the Government should increase support and improve the current environmental management and financing environment.On the other hand,it should rely on the environmental protection industry itself,enhance its own strength and improve its profitability so that it can obtain more financing channels.