The Coal Mine Safety Regulation Influence Of Business Performance:An Empirical Study

As an important basic energy, coal has a strategic role in the economic and social development. But China’s coal mine accidents are heavy and frequently. It has a serious threat to the personal and property safety of miners. The government gradually established a comprehensive mine safety regulation system to provide protection for the safe production of coal, its effectiveness has been recognized by scholars. Coal mine safety regulation policy requires businesses to invest resources corresponding to maintain safety in production, which will inevitably impact on business performance. But in recent years, the operating conditions of the coal industry is not satisfactory, business profitability is declining trend. For example, China’s coal industry hundred enterprises before 2013 profit decreased 44.18%, industry profits decreased 38.8 percent; in 2014 before China’s coal industry hundred enterprises profit decreased 44.18%, industry profits decreased by 46.2%. In this environment, coal mine safety regulations can enhance Forced coal business performance? Or make enterprises worse, reduce the rate of implementation of coal mine safety regulations? How the government take more efficient coal mine safety regulations and policies? This requires analysis the mine safety regulations impact on business performance. To exploring efficient road regulation.Now scholars are concentrated on the theoretical study of the relationship between the coal mine safety regulations impact on enterprise performance, rarely talk about their conduction mechanisms, and less use empirical to analyze relationship. Therefore, this article tries to build on existing research, using the mathematical model of coal mine safety regulations on business performance of the transmission mechanism; choose a more practical, more representative index, quantitative panel fixed effect model coal mine safety regulations on enterprise performance the impact and provide a theoretical basis for the government to improve the quality of regulation in exceptional circumstances.The article first analyzes the research background and research methods. In the second part of the article summarizes the status of coal mine safety regulation effectiveness and impact of regulation on business performance. Then in the third part using the mathematical model to analyze the regulation on business performance transmission mechanism, when the government of the coal industry safety regulations, not only directly increase costs, but also by gleaning trapping function, the nature of value-added features, funds flexibility, industrial structure and other carriers indirect impact business performance, only considering the impact of these two aspects of the transmission mechanism to be able to more comprehensive explanations. The fourth part of the article selected data analysis. We found that:(1) Current coal mine safety regulations to promote coal mining enterprises to enhance performance, while a lag of coal mine safety regulations have a negative impact on business performance, and the profit is greater than the positive effect of the negative effects of lag. (2) for coal mine safety regulations in the form of persistent corporate capital investment, the same profit fixity into a positive impact on business performance, but lagged fixity into corporate performance would have a negative impact, but lag The main reason fixity into the negative effects than positive effects of the current period, this situation is due to the profit of coal mine safety regulations have a positive impact on business performance, but because of regulations made into decay and capital investment and cost of inputs delay makes a lag of coal mine safety regulations on business performance had a negative impact. (3) industry concentration, asset-liability ratio has a negative impact on business performance, both by increasing industry competition and business capital cost, financing risks have a negative impact on business performance, respectively; ownership concentration has a positive impact on business performance, The reason is that the higher the concentration of ownership, business objectives will be closer to the shareholders of the target; the impact on the business performance of company size is not significant, it may be caused by the coal industry, the life cycle of the decision. The fifth part of this paper summarizes the conclusions of the article and puts some enlightenment for coal mine safety regulations.