化学制造业上市公司环境绩效与财务绩效关系研究.docVIP

化学制造业上市公司环境绩效与财务绩效关系研究 夏仕亮 童仕婕 淮阴师范学院经济管理学院 河海大学商学院 X 关注成功！ 加关注后您将方便地在 我的关注中得到本文献的被引频次变化的通知！ 新浪微博 腾讯微博 人人网 开心网 豆瓣网 网易微博 摘????要： 选取沪深两市2011年-2014年化学原料和化学制品制造业88家上市公司为研究样本,采用实证分析方法研究两者之间的关系。环境绩效用单位营业收入排污费来衡量,财务绩效用总资产净利率来衡量。考虑到财务绩效的影响因素不仅有环境绩效,所以加入了公司规模等控制变量。分析结果显示,环境绩效与财务绩效并不是相互矛盾的关系,环境绩效的改善可以帮助公司获得更多的经济利润,企业可以在生产经营的同时主动地去履行环境保护的责任,实现环境与经济绩效的共赢。 关键词： 环境绩效; 财务绩效; 相关性; 波特效应; 作者简介：夏仕亮(1980-),男,博士,副教授,主要从事技术经济研究工作。 收稿日期：2016-08-15 基金：全国统计科学研究项目(2015LY66)“区域性重点污染源企业环境绩效指标体系构建与评价研究” Research on Relationship between Environmental and Financial Performance of Listed Chemical Manufacturing Companies Xia Shiliang Tong Shijie Huaiyin Normal University,School of Economics and Management; Business School of Hohai University; Abstract： This paper studies the correlation between them with the method of empirical analysis,the object of this study is the company of chemical raw materials and chemical products manufacturing listed in Shanghai and Shenzhen stock exchange from2011 to 2014. Environmental performance is measured by sewage charges per unit of operating income,financial performance is measured by ROA. Considering that the environmental performance is not the only influence factor of the financial performance,we add other control variables into this study like the size of company. The result of the research proves that the environmental performance is not contrary to the financial performance,which means the improvement of environmental performance can help company get more economic profit. The result can encourage the company to take the initiative to fulfill the responsibility of environmental protection during the process of production and management so as to realize the common development of environment and economy. Keyword： environmental performance; financial performance; correlation; Porter effects; Received： 2016-08-15 前言 随着工业化的不断推进,我们赖以生存的生态环境日趋恶化,为了能实现可持续发展,政府相关部门开始出台生态环境保护的相关政策与法规,在一定程度上遏制了环境急剧恶化的态势。例如早在2003年就开始推行《排污费征收使用管理条例》,规定污染严重的公司必须缴纳高额的排污费,