摘要
企业是否会采取环境保护措施,提高环境绩效,取决于市场。如果市场对企业环境行为十分关心,企业环境绩效就能体现在其市场价值中,企业就有动力保护环境;否则企业就缺乏保护环境的动力,也会因环境违规行为而受到处罚。环境处罚对当期企业价值没有明显影响,但对滞后两期的企业价值均有负面影响。因此,企业应积极改善企业绩效,在可持续发展以及绿色金融政策背景下建立良好的企业形象,维持长期稳定的企业价值。
Whether enterprises will take environmental protection measures to improve environmental performance depends on the market. If the market is very concerned about the enterprise’s environmental behavior,the enterprise’s environmental performance can be reflected in its market value,and the enterprise will have the power to protect the environment;otherwise,the enterprise will lack the power to protect the environment,and will be punished for environmental violations. Environmental penalty has no obvious effect on the current enterprise value,but it has a negative impact on the enterprise value lagging behind two periods. Therefore,enterprises should actively improve their performance,establish a good corporate image in the context of sustainable development and green financial policy,and maintain long-term stable corporate value.
作者
张平淡
张艾嘉
Zhang Pingdan;Zhang Aijia(Beijing Normal University,School of Economics and Business Administration,Beijing 100875)
出处
《黑龙江社会科学》
2018年第6期42-45,159,共5页
Social Sciences in Heilongjiang
基金
国家社会科学基金项目"新常态下经济增长对环境污染的‘增速红利效应’与‘增长压力效应’研究"(15CJL012)
北京社会科学基金基地项目"新常态下京津冀经济增长对环境污染的作用机理与情景模拟研究"(15JDJGC096)
关键词
环境绩效
企业价值
环境处罚
环境保护
Environmental Performance
Enterprise Value
Environmental Penalty