空气污染对企业环境治理行为的影响研究——基于产权性质的中介效应

A Research on the Effect of Air Pollution on Environmental Governance Behavior of Enterprises:Mediating Effect Based on the Nature of Property Right

空气污染等环境问题频繁发生,使得企业的外部制度环境发生重大变化。重污染企业的环境治理行为既取决于外部制度因素的驱动,同时也受企业内部产权性质的深刻影响。以沪深A股377家重污染行业上市公司为研究对象,实证检验空气污染、产权性质与企业环境治理行为的关系,研究发现,空气污染程度与重污染企业环境治理行为显著正相关,即企业所在地空气污染越严重,重污染企业环境治理力度越大;产权性质在空气污染程度与重污染企业环境治理行为的关系中发挥部分中介效应。研究结论为我国进一步完善重污染企业环境治理行为的驱动机制提供了实证依据。

The frequent occurrence of air pollution and other environmental problems significantly changes the external institutional environment of enterprises.The environmental governance behavior of heavy-polluted enterprises is not only driven by external institutional factors,but also heavily influenced by the internal nature of property right.Taking 377 A-share listed companies in heavy-polluted industry in Shanghai and Shenzhen as the research object,this paper empirically examines the relationship among air pollution,nature of property right and environmental governance behavior of enterprises.The empirical result turns out that there is a positive correlation between the degree of air pollution and the environmental governance behavior of heavy-polluted enterprises,in another word,the more the degree of air pollution,the more effort the heavy-polluted enterprises will make to control the enterprise environment.The nature of property right plays a partial mediating effect role in the relationship between the degree of air pollution and the environmental governance behavior of heavy-polluted enterprises.The conclusions of this paper provide an empirical basis for China to further improve the driving mechanism of environmental governance behavior of heavy-polluted enterprises.