绿色投资对企业财务绩效影响研究——来自A股重污染行业的经验证据  

Research on the Impact of Green Investment on Corporate Financial Performance:Empirical Evidence from A-share Heavy Pollution Industries

作　　者：陈泽如 黄猛[1] 张林霞 Chen Zeru;Huang Meng;Zhang Linxia(School of Management,Wuhan Polytechnic University,Wuhan 430023,China)

机构地区：[1]武汉轻工大学管理学院,湖北武汉430023

出　　处：《科技创业月刊》2023年第10期155-161,共7页Journal of Entrepreneurship in Science & Technology

基　　金：国家社会科学基金项目“乡村旅游协同促进城乡生产要素流动的机制与路径研究”(BJY22151)。

摘　　要：以2018-2020年我国重污染行业A股市场上市公司数据为样本,采用回归模型进行分析,以环境规制和技术创新为调节变量检验了绿色投资对企业财务绩效的影响。结果表明:绿色投资对企业财务绩效具有正向影响;环境规制能够加强绿色投资与企业财务绩效的正向关系;技术创新则抑制绿色投资与企业财务绩效的正向关系。从宏观政策和微观技术两个角度选取调节变量进行研究,为重污染行业企业谋求绿色发展提供了新的方向和路径。This paper takes the data of A-share listed companies in China's heavily polluted industries from 2018 to 2020 as samples,uses regression model to analyze the data,and uses environmental regulation and technology innovation as regulatory variables to test the impact of green investment on enterprise performance.The results show that green investment has a positive impact on enterprise performance;The increase of environmental regulation can strengthen the positive relationship between green investment and enterprise performance;The increase of technology innovation can inhibit the positive relationship between green investment and enterprise performance.This paper studies the adjustment variables from the perspectives of macro policy and micro technology.The research results provide a new direction and path for enterprises in heavy pollution industries to seek green development.

关 键 词：绿色金融 绿色投资 企业财务绩效 回归分析 

分 类 号：F275[经济管理—企业管理]