本校學位論文庫
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楚天舒
余波
金融學院
金融學碩士學位課程(中文學制)
碩士
2022
中國的環境規制對於企業經營的影響及研究
Research on the Influence of Environmental Regulation on Enterprise Management in China
環境規制 ; 企業經營 ; 波特假說
Environmental regulation ; Enterprise performance ; Porter hypothesis
公開日期：17/8/2026
近年來，環境保護和生態文明建設已成為全球關注的焦點和共識，而環境規製作為環保政策的具體體現，不僅直接影響企業的生產經營，也關係到經濟可持續發展和社會進步。隨著中國經濟和城市化進程的不斷推進，環境問題也逐漸顯露，環境規制愈加嚴格成為必然。
本研究旨在探究中國環境規制對企業經營績效的影響，並從多個角度進行深入的剖析。首先，論文回顧了中國環境規制在過去的發展歷程，分析了其背景和現狀。其次，論文比較了環境規制對不同類型企業經營績效的影響，以及環境規制對不同地區企業的影響。結果表明，環境規制對企業的生產率和財務表現都產生了顯著的影響。
本文基於2013年-2017年的上市公司面板資料進行了實證研究。研究結果表明，環境規制對於企業經營績效的影響具有複雜性和動態性。具體而言，環境規制的加強和實施對於企業經營績效的影響是負向的。短時間內，更嚴格的環境法規可能導致環境保護成本上升、生產效率降低、產品品質下降和其他相關問題。這些挑戰可能會對企業的整體經營業績產生負面影響。此外，環境規制也可能導致重污染企業為符合環保要求投入要比其他行業多，從而耗費了企業的經濟和人力資源，對企業的發展造成不利影響。
最後，本文總結了研究結果，提出了一些政策建議。推進環保科技應用、加強環境監管執法，建立全面、持續的環境保護機制，有助於企業提高經營績效，加速轉型升級進程，實現可持續發展。本研究有助於深化對環境規制影響的認知，並為政府部門和企業管理者提供有力支援，推動環境規制與企業經營之間的良性互動。
本研究旨在探究中國環境規制對企業經營績效的影響，並從多個角度進行深入的剖析。首先，論文回顧了中國環境規制在過去的發展歷程，分析了其背景和現狀。其次，論文比較了環境規制對不同類型企業經營績效的影響，以及環境規制對不同地區企業的影響。結果表明，環境規制對企業的生產率和財務表現都產生了顯著的影響。
本文基於2013年-2017年的上市公司面板資料進行了實證研究。研究結果表明，環境規制對於企業經營績效的影響具有複雜性和動態性。具體而言，環境規制的加強和實施對於企業經營績效的影響是負向的。短時間內，更嚴格的環境法規可能導致環境保護成本上升、生產效率降低、產品品質下降和其他相關問題。這些挑戰可能會對企業的整體經營業績產生負面影響。此外，環境規制也可能導致重污染企業為符合環保要求投入要比其他行業多，從而耗費了企業的經濟和人力資源，對企業的發展造成不利影響。
最後，本文總結了研究結果，提出了一些政策建議。推進環保科技應用、加強環境監管執法，建立全面、持續的環境保護機制，有助於企業提高經營績效，加速轉型升級進程，實現可持續發展。本研究有助於深化對環境規制影響的認知，並為政府部門和企業管理者提供有力支援，推動環境規制與企業經營之間的良性互動。
Over the past few years, there has been a growing global emphasis on environmental protection and constructing ecological civilizations. As a specific manifestation of this focus, environmental regulation plays a crucial role in influencing enterprise production and operations, while also having significant implications for sustainable economic development and social progress. As China's economy continues to advance and urbanization accelerates, environmental issues have arisen and stricter environmental regulations have become unavoidable.
The objective of this study is to examine the effect of environmental regulation in China on business performance, and provide a comprehensive analysis from diverse perspectives. Firstly, this paper provides a review of the historical development of environmental regulation in China and an analysis of its current situation in relation to its context. Secondly, the impact of environmental regulation on the business performance of various types of enterprises as well as those located in different regions is compared. The findings indicate that environmental regulation has a notable influence on both productivity and financial performance.
Based on a panel data analysis of publicly traded companies from 2013 to 2017, this research paper presents an empirical study that reveals the intricate and dynamic effect of environmental regulations on firm business performance. Specifically, the study finds that the implementation and reinforcement of environmental regulations negatively impact the business performance of enterprises. The tightened regulations may lead to increased costs of environmental protection, reduced production efficiency, lower product quality, and other related challenges, which can have an unfavorable impact on overall business operations in the short term. Moreover, stringent environmental regulations can compel highly polluting enterprises to allocate a larger share of their resources towards meeting environmental protection standards compared to other industries. This can lead to a significant drain on the economic and human resources of such enterprises, potentially impeding their overall development.
In conclusion, this paper provides a summary of the research findings and offers some policy recommendations. The promotion of environmental protection technology, the reinforcement of environmental supervision and law enforcement, and the establishment of an all-encompassing and continuous environmental protection mechanism are proposed as measures that can assist enterprises in improving their business performance, quickening the pace of transformation and upgrading, and achieving sustainable development. This study will contribute to an enhanced understanding of the impact of environmental regulation and offer robust support for government agencies and business leaders seeking to foster a positive synergy between environmental regulation and business operations.
The objective of this study is to examine the effect of environmental regulation in China on business performance, and provide a comprehensive analysis from diverse perspectives. Firstly, this paper provides a review of the historical development of environmental regulation in China and an analysis of its current situation in relation to its context. Secondly, the impact of environmental regulation on the business performance of various types of enterprises as well as those located in different regions is compared. The findings indicate that environmental regulation has a notable influence on both productivity and financial performance.
Based on a panel data analysis of publicly traded companies from 2013 to 2017, this research paper presents an empirical study that reveals the intricate and dynamic effect of environmental regulations on firm business performance. Specifically, the study finds that the implementation and reinforcement of environmental regulations negatively impact the business performance of enterprises. The tightened regulations may lead to increased costs of environmental protection, reduced production efficiency, lower product quality, and other related challenges, which can have an unfavorable impact on overall business operations in the short term. Moreover, stringent environmental regulations can compel highly polluting enterprises to allocate a larger share of their resources towards meeting environmental protection standards compared to other industries. This can lead to a significant drain on the economic and human resources of such enterprises, potentially impeding their overall development.
In conclusion, this paper provides a summary of the research findings and offers some policy recommendations. The promotion of environmental protection technology, the reinforcement of environmental supervision and law enforcement, and the establishment of an all-encompassing and continuous environmental protection mechanism are proposed as measures that can assist enterprises in improving their business performance, quickening the pace of transformation and upgrading, and achieving sustainable development. This study will contribute to an enhanced understanding of the impact of environmental regulation and offer robust support for government agencies and business leaders seeking to foster a positive synergy between environmental regulation and business operations.
2023
中文
44
致 謝 1
摘 要 2
Abstract 4
圖目錄 8
表目錄 9
第一章 緒論 1
1.1 研究背景 1
1.2 研究目的和意義 2
1.2.1 研究目的 2
1.2.2 研究意義 3
1.3 論文結構安排 5
第二章 研究現狀分析 6
2.1 文獻綜述 6
2.1.1 傳統經濟理論 6
2.1.2 波特假說 7
2.1.3 熊彼特創新理論 10
2.2 概念界定及相關理論 12
2.2.1 概念界定 12
2.2.2 相關理論 14
第三章 研究內容及假設 15
3.1 研究目標 15
3.2 研究內容 15
3.3 提出假設 16
3.4 研究方法 17
第四章 實證結果分析 19
4.1 資料選擇與資料來源 19
4.2 模型構建 19
第五章 研究結論及建議 34
5.1 研究結論 34
5.2 環境規制對企業經營績效的影響 35
5.2.1 正向影響 35
5.2.2 負向影響 35
5.3 改善企業經營績效的對策和建議 36
5.3.1 企業層面 36
5.3.2 政府層面 37
參考文獻 39
作者簡歷 44
摘 要 2
Abstract 4
圖目錄 8
表目錄 9
第一章 緒論 1
1.1 研究背景 1
1.2 研究目的和意義 2
1.2.1 研究目的 2
1.2.2 研究意義 3
1.3 論文結構安排 5
第二章 研究現狀分析 6
2.1 文獻綜述 6
2.1.1 傳統經濟理論 6
2.1.2 波特假說 7
2.1.3 熊彼特創新理論 10
2.2 概念界定及相關理論 12
2.2.1 概念界定 12
2.2.2 相關理論 14
第三章 研究內容及假設 15
3.1 研究目標 15
3.2 研究內容 15
3.3 提出假設 16
3.4 研究方法 17
第四章 實證結果分析 19
4.1 資料選擇與資料來源 19
4.2 模型構建 19
第五章 研究結論及建議 34
5.1 研究結論 34
5.2 環境規制對企業經營績效的影響 35
5.2.1 正向影響 35
5.2.2 負向影響 35
5.3 改善企業經營績效的對策和建議 36
5.3.1 企業層面 36
5.3.2 政府層面 37
參考文獻 39
作者簡歷 44
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2.Amore, M. D., & Bennedsen, M. (2016). Corporate governance and green innovation. Journal of Environmental Economics and Management, 75, 54-72.
3.Apte, J. S., Marshall, J. D., Cohen, A. J., & Brauer, M. (2015). Addressing global mortality from ambient PM2. 5. Environmental Science & Technology, 49(13), 8057-8066.
4.Broberg, T., Marklund, P.-O., Samakovlis, E., & Hammar, H. (2013). Testing the Porter hypothesis: the effects of environmental investments on efficiency in Swedish industry. Journal of Productivity Analysis, 40, 43-56.
5.Brunnermeier, S. B., & Cohen, M. A. (2003). Determinants of environmental innovation in US manufacturing industries. Journal of Environmental Economics and Management, 45(2), 278-293.
6.Cai, S., Wang, Y., Zhao, B., Wang, S., Chang, X., & Hao, J. (2017). The impact of the “air pollution prevention and control action plan” on PM2. 5 concentrations in Jing-Jin-Ji region during 2012–2020. Science of the Total Environment, 580, 197-209.
7.Caloghirou, Y., Kastelli, I., & Tsakanikas, A. (2004). Internal capabilities and external knowledge sources: complements or substitutes for innovative performance? Technovation, 24(1), 29-39.
8.Frank, M., Gollop, Mark, J., & Roberts. (1983). Environmental Regulations and Productivity Growth: The Case of Fossil-fueled Electric Power Generation. Journal of Political Economy.
9.Ghosal, V., Stephan, A., & Weiss, J. F. (2019). Decentralized environmental regulations and plant‐level productivity. Business Strategy and The Environment, 28(6), 998-1011.
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