省域环境竞争、内部控制与企业环保投资--基于两阶段意向合法化研究  

Provincial Environmental Competition, Internal Control and Corporate Environmental Protection Investment:Based on the Study of Two-Stage Intentional legalization

作　　者：李虹[1] 赵青雯 Li Hong;Zhao Qingwen

机构地区：[1]天津理工大学管理学院

出　　处：《财经科学》2020年第3期92-106,共15页Finance & Economics

基　　金：国家社会科学基金重点项目“区域服务贸易与生态环境协调发展机制研究”(17AGL027)。

摘　　要：本文将省域政府竞争进一步聚焦到省域环境竞争,通过"中央政府-省域政府-地方企业的两阶段意向合法化"的传导机理来解释省域环境竞争对企业环保投资的影响,并以2013-2018年沪深A股重污染行业上市公司为研究样本,以主成分分析法来评价省域环境竞争力。研究表明,省域环境竞争对企业环保投资具有负向影响作用。进一步聚焦内部控制与产权性质对省域环境竞争和企业环保投资相关性的调节作用,研究发现内部控制能够有效抑制省域环境竞争和环保投资的负向作用;相较于民营企业,国有企业的省域环境竞争与企业环保投资存在更强的负向关系。The article further focuses on provincial government competition to the provincial environment competition.Through the transmission mechanism of"central government-provincial government-local enterprise two-stage intention legalization", it effectively explains the provincial environmental competition and corporate environmental protection investment. The impact of the 2013-2018 Shanghai-Shenzhen A-share heavy polluting industry listed companies as a research sample, the principal component analysis method to evaluate the provincial environmental competition and empirical research, research shows that provincial environmental competition and corporate environmental investment have Negative influence. Further study the role of internal control and property rights in the regulation of provincial environmental competition and corporate environmental protection investment, the study found that internal control can effectively inhibit the negative impact of provincial environmental competition and environmental investment;compared with private enterprises, state-owned enterprises There is a stronger negative relationship between provincial environmental competition and corporate environmental protection investment. The research conclusions help the government to further improve environmental policies and improve the level of environmental governance.

关 键 词：企业环保投资 省域环境竞争 两阶段意向合法化 内部控制 产权性质 

分 类 号：F215.1[经济管理—国民经济]