摘要
由于经济环境、技术创新及环境政策等因素,我国区域间环境治理表现出一定的差异性,不同区域企业环境绩效与财务绩效关系存在不同之处,因此有必要对两者关系的区域差异进行研究。本文以2011—2014年重污染行业上市公司为样本,实证检验了环境绩效和财务绩效关系以及不同区域间两者关系的表现。研究得出环境绩效有助于提高财务绩效;同时环境绩效与财务绩效的关系存在显著的区域差异,中东部地区环境绩效与财务绩效的正向关系大于西部地区,资源大省企业环境绩效与财务绩效的正向关系显著。研究结论为不同区域条件下政府与企业采取针对性的环境治理措施提供了理论依据。
This paper researches the relationship as well as in different regions based on the data of Chinese listed firms in heavy pollution industries form 2011 to 2014. Environmental performance is measured by the unit operating income discharging reduction, and financial performance is measured by return on equity. This paper divides all samples into different groups based on different regions. According to economic devel- opment level in different regions the samples are divided into the eastern region, the central region and the western region. According to resource abundance degree in different regions the samples are divided into abundant resource provinces and non-abundant resource provinces. This paper finds that environmental per- formance could improve financial performance, the relationship in the central and eastern region is more pos- itive than that in the western region, and the relationship is positive significantly in abundant resource prov- ince while the relationship is not that obvious in other provinces. It has its universality and national regional resources distribution in the western region, while the national policy implementation is relatively complex and diverse. Companies in the western region should be combined with its own resource and develop related industries with regional features and competitiveness. Companies in abundant resource province should put more consideration to the technological innovation driven industrial upgrading and reduce reliance on re- sources. For the province short of resources, it is needed to require more detailed regional analysis, combine with the different regional characteristics, and put forward regional detailed measures emphatically targeted for the coordinated development of environmental performance and financial performance.
出处
《人文地理》
CSSCI
北大核心
2016年第5期155-160,共6页
Human Geography
基金
陕西省社会科学基金项目(12Q088)
陕西省教育厅科研项目(08JK118)
关键词
环境绩效
财务绩效
区域比较
environmental performance
financial performance
regional comparison