环境管理标准能否降低企业污染排放  

Can Environmental Management Standards Reduce Corporate Pollution Emissions?

作　　者：吉敏 张三峰 JI Min;ZHANG Sanfeng

机构地区：[1]南京信息工程大学商学院

出　　处：《阅江学刊》2024年第5期124-138,174,共16页Yuejiang Academic Journal

基　　金：国家社会科学基金一般项目“中国工业企业绿色技术创新的经济绩效、环境效应与激励政策研究”(20BJL042)。

摘　　要：基于2011—2021年沪深A股上市公司的面板数据,实证检验环境管理标准对企业污染排放的影响,并探讨相应的传导机制和异质性。研究发现:环境管理标准显著降低了企业污染物的排放强度,在更换回归样本、引入时间趋势项、改变因变量测度方法和纠正样本自选择导致的内生性问题后,回归结果具有稳健性;从异质性来看,环境管理标准对低集中度行业的企业、重污染行业的企业、非国有企业和处于成长期的企业产生了更显著的污染减排效果;从传导机制来看,促进企业环保投资、提高企业绿色声誉、推动企业绿色技术创新是环境管理标准降低企业污染排放的内在驱动力。相关结论为构建多元参与的现代环境治理体系、推动企业提高环境治理能力提供了微观经验支撑。Using panel data from listed companies on the Shanghai and Shenzhen stock exchanges from 2011 to 2021,the study empirically examines the impact of environmental management standards on corporate pollution emissions and explores the associated transmission mechanisms and heterogeneity.The findings reveal that environmental management standards significantly reduce the intensity of corporate pollutant emissions.The results are robust across various robustness checks,including changes in regression samples,inclusion of time trend variables,alterations in the measurement of the dependent variable,and corrections for endogeneity caused by sample self-selection.From a heterogeneity perspective,environmental management standards have a more pronounced pollution reduction effect on firms in low-concentration industries,heavily polluting industries,non-state-owned enterprises,and firms in the growth phase.Regarding transmission mechanisms,promoting corporate environmental investment,enhancing corporate green reputation,and driving corporate green technological innovation are the intrinsic drivers for reducing corporate pollution emissions through environmental management standards.These conclusions provide micro-level empirical support for building a multi-stakeholder modern environmental governance system and advancing corporate environmental management capabilities.

关 键 词：环境管理标准 ISO14001 污染排放 排放强度 污染减排 

分 类 号：F832.51[经济管理—金融学] X322[环境科学与工程—环境工程]