中国电力企业环境保护活动与绩效关系研究

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中国电力企业环境保护活动与绩效关系研究

 

Author: 曾之俊
Zeng, Zhijun
Title: 中国电力企业环境保护活动与绩效关系研究
Zhongguo dian li qi ye huan jing bao hu huo dong yu ji xiao guan xi yan jiu
The impact of environmental protection policies and practices : the case of the electricity industry in China
Degree: D.Mgt.
Year: 2010
Subject: Hong Kong Polytechnic University -- Dissertations
Electric power production -- Environmental aspects -- China
Department: Graduate School of Business
Pages: x, 132 leaves : ill. ; 30 cm.
InnoPac Record: http://library.polyu.edu.hk/record=b2396358
URI: http://theses.lib.polyu.edu.hk/handle/200/6017
Abstract: This study examines the relationship between practices of environmental protection and company performance for the electricity industry in China. We find that corporate performance is negatively related to pollutant emission reductions. The negative influence is persistent beyond the current year, as the one-yearlagged emission reductions are also related to current-year corporate performance. Further investigation shows that the negative relationship is more pronounced for firms located in the "Dual Control Zones." Relative to unlisted firms, the negative relationship is stronger for listed firms. This study also assesses the impact of other environmental policies and practices. In particular, we find that the price subsidy policy is beneficial to non state-owned corporations, but not to state-owned enterprises, although the subsidy policy as a whole is not significant for the whole sample. We next examine the effect of corporate expenditure on pollutants emission reductions. We find higher expenditure is generally related to better corporate performance. Finally, there is no evidence to suggest that the environmental protection fund has any significant effect on corporate performance.

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