摘要
基于我国2016-2020年纺织行业沪深A股上市公司面板数据,构建中介效应模型进行固定效应回归分析,研究环境规制对企业绩效的影响机制,检验技术创新在环境规制与企业绩效之间是否存在中介效应.研究结果表明:环境规制与企业绩效之间呈现显著的正相关关系;技术创新在环境规制与企业绩效中的中介效应不成立;环境规制对纺织行业企业绩效的影响存在差异性,环境规制对纺织行业小型企业、东部地区企业以及纺织服装、服饰业企业的企业绩效具有显著的正向影响,而对纺织行业大型企业、中西部地区企业以及纺织业和皮革、毛皮、羽毛及其制品和制造业企业的企业绩效并无显著影响.研究结论与政策建议对丰富和完善纺织企业的环境规制政策具有一定的参考价值.
Abstract
Based on the panel data of Shanghai and Shenzhen A-share listed companies in the textile industry from 2016 to 2020,this paper constructs an intermediary effect model for fixed effect regression analysis,studies the impact mechanism of environmental regulation on enterprise performance,and tests whether technological innovation has an intermediary effect between environmental regulation and enterprise performance.The results show that there is a significant positive correlation between environmental regulation and corporate performance.The mediating effect of technological innovation on environmental regulation and firm performance is not valid.The impact of environmental regulation on the performance of enterprises in the textile industry is different.Environmental regulation has a significant positive impact on the performance of small enterprises in the textile industry,enterprises in the eastern region,and enterprises in the textile and clothing industry.However,it has no significant impact on the performance of large enterprises in textile industry,enterprises in central and western regions,textile industry,leather,fur,feathers and their products and manufacturing enterprises.The research conclusions and policy suggestions have certain reference value for enriching and improving the environmental regulation policies of textile enterprises.
基金项目
湖南省社会科学成果评审委员会一般项目(XSP21YBC435)
湖南省社会科学成果评审委员会一般项目(XSP2023JJZ002)
湖南省哲学社会科学基金基地研究项目(17JD24)
万方数据