企业环保投资与财务绩效相关性研究——以煤炭行业为例

Analysis on the relationship between environmental protection investment and financial performance of enterprises——Take the coal industry as an example

针对环保投资与财务绩效相关性问题,采用实证分析的方法,以2010-2017年我国煤炭行业上市公司的数据为研究样本,分析了环保投资与财务绩效之间的关系。研究发现:短期内,企业环保投资与财务绩效之间存在负相关关系;从长期来看,企业环保投资与财务绩效之间存在正相关关系,环保投资对财务绩效有一定的促进作用。

In view of the correlation between environmental protection investment and financial performance,the empirical analysis method is used to study the relationship between environmental protection investment and financial performance based on the data of listed companies of coal industry in China from 2010 to 2017.It is found that there is a negative correlation between environmental protection investment and financial performance in the short term and a positive correlation between environmental protection investment and financial performance in the long run.