Executive Growth Environment And Corporate Environmental Investment

Environmental protection is a basic national policy of our country.In recent years,while China’s rapid economic development,there are serious environmental damage problems.How to coordinate the relationship between economic development and environmental protection is a major task of our country.There are more and more discussions about pollution control and environmental protection in the society.From the enterprise level,waste water,waste,and waste residue generated by the manufacturing industry are an important source of environmental pollution in China.Along with the increasing emphasis on the natural environment issues by the Chinese government,a number of environmental protection-related laws have been introduced to force enterprises to carry out environmental protection of production methods and promote energy-saving and emission reduction of production-oriented enterprises.In addition to the impact of environmental regulation,the personal environmental awareness of corporate executives also largely determines the scale of corporate environmental investment.This paper summarizes the theoretical and empirical research of the predecessors.Based on the data of listed manufacturing companies in 2008-2016,the research hypothesis is put forward on the basis of theoretical analysis.The above problems are studied.Based on the distribution of environmentally vulnerable areas in China,Focus on the impact of executive growth environment on corporate environmental investment.By studying the theoretical and empirical research results of corporate environmental protection investment at home and abroad,the theory is based on high-order management theory,principal-agent theory,and behavioral psychology theory.It carried out an empirical study on the impact of the environment for executive growth on corporate environmental protection investment and whether executives have a hometown feeling for environmentally vulnerable areas.Through research and analysis,the following research conclusions are drawn:(1)When the CEO of the enterprise comes from the fragile ecological environment,the investment in environmental protection investment of the enterprise is greater.(2)The CEO has a certain hometown sentiment for the vulnerable environment of his own growth.(3)The higher the vulnerability of the CEO’s growth environment,the higher the environmental protection investment of the company.Based on the research conclusions,the paper puts forward the following suggestions:(1)At the government level,regulation and education are parallel.In addition to continuing to promote the improvement and implementation of environmental protection laws and related regulations,the government should also pay attention to environmental education for enterprises from management to employees.(2)At the educational level,environmental education should pay more attention to people’s true feelings.(3)At the enterprise level,corporate executives should pay attention to multi-level environmental education at the enterprise level.(4)At the financial statement level,the financial statements of the company’s environmental protection investment and environmental protection behavior and environmental protection data are standardized.This paper enriches the research content of existing executives.In the past research,scholars mainly studied the investment behavior and role of corporate executives from the perspective of background characteristics and team behavior based on the high-level echelon theory.This paper studies the growth experience of the vulnerable areas in the environment from the growth environment of the management of the company.Whether the top management of the company pays more attention to the environmental investment of the company.Second,it enriches the research content of the factors affecting corporate environmental protection investment.Previous studies have explored the influencing factors of corporate environmental protection investment from both macro and micro perspectives.This paper verifies the impact of high-level growth environment on corporate environmental protection investment.Further clarify the important role of executives in corporate environmental investment activities.