企业环境责任表现与政府补贴获取——基于文本分析的经验证据  

Firms’Environmental Responsibility Performance and Government Subsidies:Empirical Evidence Based on Text Analysis

作　　者：李哲[1,2] 王文翰 王遥[4,5] Li Zhe;Wang Wenhan;Wang Yao(School of Accountancy,Central University of Finance and Economics,Beijing 100872,China;China Management Accounting Research Center,Central University of Finance and Economics,Beijing 100872,China;School of Finance,Central University of Finance and Economics,Beijing 102206,China;International Institute of Green Finance,Central University of Finance and Economics,Beijing 100081,China;Institute for Finance and Economics,Central University of Finance and Economics,Beijing 100081,China)

机构地区：[1]中央财经大学会计学院,北京100872 [2]中央财经大学中国管理会计研究中心,北京100872 [3]中央财经大学金融学院,北京102206 [4]中央财经大学绿色金融国际研究院,北京100081 [5]中央财经大学财经研究院,北京100081

出　　处：《财经研究》2022年第2期78-92,108,共16页Journal of Finance and Economics

基　　金：国家自然科学基金青年项目(71902210);国家社会科学基金重点项目(18AZD013);中央财经大学科研创新团队支持计划。

摘　　要：在我国生态文明建设中,部分企业在履行环境责任时存在"说得多,做得少"的"多言寡行"行为,这种现象与我国"碳达峰、碳中和"的环保目标存在不协调之处。文章研究了企业"多言寡行"的环境责任表现是否会影响政府的资源配置决策。结果表明:(1)环境责任表现"多言寡行"的企业获得了更多的政府补贴。(2)"多言寡行"的环境责任表现帮助企业获得政府补贴的效应只在短期内存在。长期来看,政府可以识破"多言寡行",消除这种资源获取效应。(3)中央环保督察显著抑制了"多言寡行"与政府补贴的正相关关系。(4)"多言寡行"与政府补贴的正相关关系在污染严重和无政治关联的企业中更加显著。与环保补贴相比,"多言寡行"对非环保补贴的正向影响更加明显。文章的研究结论为我国企业在履行环境责任过程中的行为决策和实践表现提供了新的解读,为我国环境政策的制定提供了新的参考。In 2020,the Chinese government solemnly promised to the world to achieve the carbon peak by 2030 and the carbon neutrality by 2060.As the core of the modern economy,enterprises play an essential role in promoting the realization of“carbon peak,carbon neutrality”and the construction of ecological civilization.However,some enterprises have a false environmental protection phenomenon of“more words than deeds”in environmental protection practice.This phenomenon constitutes an obstacle to China’s sustainable development strategy.Therefore,it is important to find the internal behavior decision-making and effective governance strategy of corporate environmental responsibility.In China,on the one hand,local governments have discretion in the allocation decision of subsidy resources.On the other hand,local governments are mainly responsible for local ecological and environmental problems.Under the background of strengthening the environmental protection performance appraisal of officials,enterprises are likely to use the environmental responsibility performance of“more words than deeds”for impression management,improving the evaluation of local governments and obtaining more resources.Therefore,this paper focuses on the impact of enterprises’environmental responsibility performance of“more words than deeds”on government subsidies.It provides a new interpretation of the behavior,decision-making and practical performance of Chinese enterprises in the process of fulfilling environmental responsibility,and provides a new reference for the formulation of environmental policies in China.This paper uses the text analysis method to collect data from the relevant reports of listed enterprises and identify the characteristics of“more words than deeds”.It empirically tests the impact of enterprises’environmental responsibility performance of“more words than deeds”on government subsidies.The study finds that:(1)Enterprises with“more words than deeds”in environmental responsibility receive more govern

关 键 词：环境责任表现 政府补贴 中央环保督察 文本分析 

分 类 号：F810[经济管理—财政学]