文章基本信息

标题：Environmental Regulations and Corporate Green Investment: Evidence From Heavy Polluting Companies in China
本地全文：下载
作者：Crystal Xiaobei Chen ; Regina Fangying Lin ; Xinqian Zheng 等
期刊名称：E3S Web of Conferences
印刷版ISSN：2267-1242
电子版ISSN：2267-1242
出版年度：2021
卷号：275
页码：1-5
DOI：10.1051/e3sconf/202127502051
语种：English
出版社：EDP Sciences
摘要：With the rapid development of the global economy, environmental pollution has become one of the main problems facing. As the main carriers of social production, companies create value for the whole society and also occupy the main resources. Heavy polluting companies have serious pollution discharge. They should bear more environmental protection responsibilities. Green investment of heavy polluting companies is the focus of social concern. Therefore, this paper selects 243 listed companies in China’s heavy polluting industry as samples to explore the impact of environmental regulations on corporate green investment. This study calculates the green investment amount of companies through the “content analysis method”, and divides the environmental regulation into formal environmental regulation and informal environmental regulation. A fixed panel model is constructed for research. The empirical results show that market-incentive environmental regulation and informal environmental regulation have a significantly positive impact on corporate green investment. There is no significant relationship between command-andcontrol environmental regulation and corporate green investment. According to this conclusion, this paper proposes some suggestions about green finance.