研发投入对环保产业财务绩效的影响分析——以三大经济区域为例

Analysis on the Impact of R & D Investment on the Financial Performance of Environmental Protection Industry——Taking Three Economic Regions as an Example

以61家京津冀、长三角、珠三角地区A股上市和新三板挂牌环保企业为样本,选取2017~2020年数据,以多元回归分析的研究方式,探究了环保公司研发层面的投入对企业当期及长期绩效的影响,进而分析了此影响的当期及滞后效应。结果表明:研发投入强度对公司当期的财务绩效产生反向影响,而滞后期显现出正向促进作用。最终针对三大经济区域环保公司的研究成果提出了建议:环保企业需不断增强创新意识,加大研发投入力度;政府层面要增强政策扶持力度,提升环境共治意识,推动区域协同发展。

Talking 61 environmental protection industries of China’s A-share listed companies and new third board listed companies in Beijing, Tianjin, Hebei, Yangtze River Delta and Pearl River Delta as samples, data from 2017 to 2020 are selected to explore the impact of R & D investment of environmental protection companies on the current and long-term performance of enterprises through multiple regression analysis. Then the current and lag effects of this impact are analyzed. The results show that the R & D investment intensity has a negative impact on current financial performance of the company, while the lag period shows a positive role. Finally, based on the research results of the environmental protection companies in three major economic regions, suggestions are put forward: environmental protection enterprises need to continuously enhance their awareness of innovation and increase their investment in research and development;the government should strengthen policy support, enhance the awareness of environmental co-governance, and promote regional coordinated development.