Environmental regulation and financial performance of Chinese listed companies

doi:10.1371/journal.pone.0244083

IR > 法学院

	Environmental regulation and financial performance of Chinese listed companies
	Zhou, Bing 1; Wu, Jing 1; Guo, Sidai 2; Hu, Mingxia 3; Wang, Jing4
	2020-12-28
发表期刊	PLOS ONE
ISSN	1932-6203
卷号	15 期号:12
摘要	Objective The answer to this article lies in: Does the financial activities of physical enterprises have an adverse impact on their main business? Is it conducive to the sustainable development of the national economy? However, when most scholars study the impact of environmental regulations on companies performance, they have not classified companies performance. This article will study the relationship between environmental regulations and performance levels based on the classification of companies performance, and then divide the nature of industry pollution, companies location and nature of property for in-depth research. Methods First, this article uses a random effect variable-intercept model to measure companies financial performance and non-financial performance. Then, the variables are divided into two variable groups: light pollution and heavy pollution according to the nature of industry pollution. Next, the companies are divided into three variable groups: the eastern region, the central region, and the western region. Finally, the company is divided into two variable groups: state-owned and non-state-owned according to the nature of property. Conclusions The study found that: (1) Environmental regulations have inhibited companies financial activities. And the inhibitory effect of environmental regulations on the financial performance of enterprises is more obvious in the heavily polluting industries and enterprises in central and eastern regions. (2) Environmental regulations and companies non-financial performance are also negatively related, environmental regulations have also inhibited the non-financial performance of companies, this effect is more pronounced in heavily polluting industries and enterprises in western regions. (3) Income crowding effect brought by China's environmental regulations is greater than the income compensation effect brought by stimulating technological innovation.
DOI	10.1371/journal.pone.0244083
收录类别	SCIE
语种	英语
WOS研究方向	Science & Technology - Other Topics
WOS类目	Multidisciplinary Sciences
WOS记录号	WOS:000603611900034
出版者	PUBLIC LIBRARY SCIENCE
来源库	WOS
引用统计	被引频次：8[WOS] [WOS记录] [WOS相关记录]
文献类型	期刊论文
条目标识符	https://ir.lut.edu.cn/handle/2XXMBERH/155028
专题	法学院
通讯作者	Hu, Mingxia
作者单位	1.Chongqing Technol & Business Univ, Sch Accounting, Res Ctr Econ Upper Reaches Yangtse River, Chongqing, Peoples R China; 2.Southwest Univ Sci & Technol, Sichuan Prov Circular Econ Res Ctr, Mianyang, Sichuan, Peoples R China; 3.Beijing Natl Accounting Inst, Accounting Res & Dev Ctr, Beijing, Peoples R China; 4.Lanzhou Univ Technol, Sch Law, Lanzhou, Peoples R China
推荐引用方式 GB/T 7714	Zhou, Bing,Wu, Jing,Guo, Sidai,et al. Environmental regulation and financial performance of Chinese listed companies[J]. PLOS ONE,2020,15(12).
APA	Zhou, Bing,Wu, Jing,Guo, Sidai,Hu, Mingxia,&Wang, Jing.(2020).Environmental regulation and financial performance of Chinese listed companies.PLOS ONE,15(12).
MLA	Zhou, Bing,et al."Environmental regulation and financial performance of Chinese listed companies".PLOS ONE 15.12(2020).

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