Pollution Abatement And Sustainable Growth In Enterprise

Environmental resources have a very important role in the long-term development of the society, so does for the enterprises. But with the rapid development of human society, environmental problems have become increasingly serious, so countries begin to strengthen environmental regulation to restrain the behavior of enterprises. Therefore, pollution abatement in the enterprise has the important meaning to the survival and development. And in consideration of the heavy pollution enterprises as the main source of pollution and also the key point of policy regulation, if we focus on the abatement of pollution, not only it can promote the sustainable development of the whole society, but also should be said to promote the sustainable development of the enterprise itself, but is that the case? The thesis is based on the environmental governance cost of assets as a proxy for pollution abatement and make the Higgins model as a proxy for the sustainable growth rate, to investigate the relationship between the pollution abatement in the listing corporation and the sustainable growth, and draws the following conclusion that the pollution abatement and the actual growth rates of corporations are related, moreover it has significant promoting effect between them, which was concluded consistently by the related researches at home and abroad. On the other hand, as the pollution abatement and enterprise’s sustainable growth rate is negative, it can be inferred the fundamental reason why Chinese entrepreneurs are unwilling to improve the pollution abatement. The pollution abatement cannot reduce the margin between the actual growth rate and the sustainable growth rate because the inconspicuous relationship the both. When the actual growth rate is greater than the sustainable growth rate, the pollution abatement will expand the gap between them; on the contrary, when the actual growth rate is less than the sustainable growth rate, the pollution abatement will narrow the gap. It can be said that for the pollution abatement of the rapid growth of the enterprise, in the case that the capital stock has been difficult to meet the funding needs, if it must consume funds for the environmental investment, that would exacerbate the rate of the enterprise capital depletion. The corporation needs to cooperate to build a low dividend and expanding financing policy, in order to avoid the crisis of the shortage of funds, and then achieve sustainable growth. For the enterprises in a slow growth, because the government environmental regulation is more and more strict, we can choose to use the redundant funds for pollution abatement, which could reduce the sewage charges and the corresponding fines, also the occurrence of severe pollution accidents and environmental risks, and it can also set a good corporate image that would improve sales performance and raise the sustainable growth. For the government, in order to achieve the environmental and economic win-win goal, we should improve the standard of environmental protection, strengthen supervision, implement audit-certification system of the cleaner production, clear the property rights and responsibilities in environment, gradually promote the implementation of environmental taxes, and support enterprises to invest in environmental protection industry through financial means, to promote corporate environmental innovation and the innovation compensation, and fundamentally solve the environmental.