环保规制与中小企业环境表现——基于我国中小板与创业板上市公司的经验研究

Environmental Regulation and the Environmental Performance of Small and Medium-sized Enterprises(SMEs):Evidence from the SME Board and Growth Enterprise Board Listed Firms in China

论文基于制度理论,使用我国中小板与创业板上市公司的经验数据,通过构建中小企业环境指数,研究严厉环保规制能否改善中小企业的环境表现。研究发现:从整体而言,环保规制正向影响了中小企业的环境表现,且这种正向效应在重污染行业更加显著;中小企业内部环境管理制度的建立,不仅提高了中小企业的环境表现,而且进一步加强环保规制对中小企业环境表现的正向效应。论文将制度与组织层面研究相结合,从环保规制目标群体——企业的角度研究环保规制效应,拓展了公共政策理论与企业环境责任理论研究,也为政府制定环境政策以及实务中的中小企业改善环境表现提供建议。

Based on the Institution Theory,this study empirically examines whether strict environmental regulation can improve the environmental performance of small and medium- sized enterprises( SMEs); our data set is made up of the firms listed on the SME board and Growth Enterprise Board in China. Based on the study's findings,the overall impact of environmental regulation on SMEs' environmental performance is positive,and this positive effect is more significant for firms operating in heavy-pollution industries. It was also found that the establishment of an internal environmental management system can not only improve the environmental performance of an SME,but also strengthen the positive effect of environmental regulation on an SME's environmental performance. Combining the theories of institutional levels and organizational levels,this study focuses on the effect of environmental policies from the perspective of the regulation targets,i. e. the firms. Thus,the study expands the scope of theoretical research on Public Policy and Corporate Environment Responsibility. It also provides suggestions for government to formulate environmental policies and for SMEs to better improve their environmental performance.