环境规制对煤炭企业生态投资的影响——基于面板数据的实证分析  

Impact of environmental regulation on the ecological investment of coal enterprises

作　　者：信春华[1] 赵金煜 蔡国艳 

机构地区：[1]中国矿业大学(北京)管理学院,北京100083 [2]北京建筑大学经济与管理工程学院,北京100044

出　　处：《干旱区资源与环境》2018年第3期17-22,共6页Journal of Arid Land Resources and Environment

基　　金：国家自然科学基金项目(71303235);"十三五"国家重点研发计划项目(2016YFC0801906;2017YFC0805605;2017YFC0805705);北京市教委科研计划项目(SQKM201710016007);中国矿业大学(北京)越崎青年学者资助

摘　　要：利用2009-2015年我国煤炭上市公司的数据,建立面板回归模型,定量分析了命令控制型和市场激励型环境规制对煤炭企业生态投资的影响。实证结果表明:我国环境规制强度与煤炭企业的生态投资存在"U"型关系,我国命令控制型环境规制对煤炭企业生态投资的作用处于正向拉动阶段;税收优惠和财政补贴两项市场激励型规制手段对煤炭企业的生态投资具有显著的激励作用,相比而言,税收优惠政策的作用小于财政补贴政策的作用。In order to quantify the driving effect of command control and market incentive environmental regulation on the ecological investment of coal enterprises,the panel data of coal listed companies among 2009-2015 were used for empirical research. The empirical results show that there was a ＂ U＂ type relationship between Chinese environmental regulation intensity and the ecological investment of coal enterprises. Most of the samples＇ environmental regulations were after the inflection point,indicating that Chinese command control environmental regulation had a positive role in pulling the coal enterprises ecological investment. And the empirical results also show that the tax regulation and financial subsidy had a significant incentive effect on the ecological investment of coal enterprises,but the efficiency of fiscal policy was more favorable than the tax regulation.

关 键 词：煤炭企业 环境规制 生态投资 税收优惠 财政补贴 

分 类 号：F275[经济管理—企业管理] F205[经济管理—国民经济]