The Impact of Environmental Regulations on Private Investment Efficiency

被引：0

作者：

Du, Yao ^{[1
]}

Jiang, Lu ^{[1
]}

Zhou, Yaodong ^{[1
]}

机构：

[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing, Peoples R China

来源：

2018 5TH INTERNATIONAL CONFERENCE ON INDUSTRIAL ECONOMICS SYSTEM AND INDUSTRIAL SECURITY ENGINEERING (IEIS 2018) | 2018年

关键词：

environmental regulation; investment opportunity; technical innovation; investment efficiency;

D O I：

暂无

中图分类号：

T [工业技术];

学科分类号：

08 ;

摘要：

This article using the mediation test model, studies the influence the environment regulation, which has on investment efficiency directly. Based on the private listed companies during 2011 to 2015, investment opportunities and technical innovations are studied through two mediators. We find that environmental regulation improves the companies' investment efficiency. In particular, environmental regulation decreases companies' investment opportunities and improves technical innovations, which proves the "Porter Hypothesis".

引用

页数：6

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