Environmental Regulation,environmental Strategy And Triple Performance Of Enterprises

Since the first environmental protection conference was held in China 40 years ago,the socialist economy has undergone a rapid transformation.On the one hand,the speed of industrialization development has accelerated significantly,and the material living standards of human beings have been unprecedentedly improved;on the other hand,the extensive development model has caused serious negative effects on resources and the environment.In order to build a harmonious and symbiotic relationship between man and nature and promote sustainable social development,the state has successively promulgated a series of articles and regulations such as the "Ten Articles of Atmosphere","Ten Articles of Water",and the new "Environmental Protection Law"(2015),restricting relevant laws from the legal level.The pollutant discharge behavior of the subject.As a major pollutant emission subject,companies in heavy-polluting industries will inevitably have to re-examine their own environmental behaviors due to compliance requirements.Based on the "Porter Hypothesis" and related research differences,this paper constructs a theoretical model of "government environmental regulation-corporate environmental strategy-corporate triple performance",and selects 165 A-share listed companies in heavily polluting industries as the research samples,and empirically analyzes the environmental regulations.How to influence the enterprise’s triple performance by influencing the enterprise’s environmental strategy.The research results show that: first,environmental regulations have a significant role in promoting environmental strategic choices of listed companies,but their relationship is not significant in the lag period;second,environmental regulations have a positive impact on both environmental and social performance,and have a positive impact on economic performance.The impact of environmental strategy is not significant;third,environmental strategy has an intermediary effect in the relationship between environmental regulations affecting the three major performances of enterprises,among which environmental strategy has a "masking effect" between environmental regulations and business economic performance;fourth,resource constraints are negative Regulate the relationship between environmental strategy and economic performance.Based on the results of the empirical research,this article gives four policy recommendations: First,the government should also pay attention to the supervision of corporate environmental behavior after introducing relevant environmental policies,so as to improve the sustainability of regulatory policies affecting companies;second,the government can adopt Improve the intensity of environmental regulations to guide enterprises to adopt more active environmental management behaviors,thereby promoting the transformation of development mode and structural upgrading of enterprises in heavy pollution industries,forming a differentiated competitive advantage of enterprises;third,the implementation of forward-looking environmental strategies can make scarcity The environmental resources of the country are maximized,and appropriate resource constraints can enhance the competitiveness of enterprises.