基于投资结构视角的企业环保投资与财务绩效

Corporate Environmental Investment and Financial Performance Based on Investment Structure

通过回归分析法研究造纸与印刷业上市公司的环保投资与财务绩效的相关性,发现两者之间呈显著的正向线性关系。将环保投资按不同结构分类,发现污染预防投资比末端治理投资带来的财务绩效更明显,环保固定资产投资比技术投资在短期内带来的财务效益更明显。

In this paper, a significant positive correlation was obtained by study of the relationship between corporate environmental investment and financial performance of the listed companies in papermaking and printing industry. When the environmental investment was classified according to different structures, it was found out that the pollution prevention investment was more resultful than the financial performance brought by the end-of-pipe treatment investment, and investment in environmental fixed assets was more tangible than the financial benefits brought by the technical innovation investment in a short term.