The Micro-fundamental Analysis Of The Growth Ability Of Environmental Protection Service Industry

China's environmental services industry since 1990 s from scratch development,then quickly entered a period of rapid development,services,business units and personnel quantity,market size and capacity,service quality and level have been improved to a certain extent,but the environmental protection services in China environmental protection industry output value accounted for the proportion of output value is lower than the international average level.China's environmental protection service industry still has great development potential.With the support and promotion of government policies,the promotion of environmental protection service enterprises has gradually become the focus of environmental protection services and environmental protection industry policies.This article published by the China securities regulatory commission in the first quarter of 2016 in the industry classification belongs to "ecological protection and environmental governance industry" nine listed companies as the research object,by tobin q value to represent the growth index,based on the enterprise scale,the solvency of listed companies,scientific research innovation ability,profitability and asset scale,the asset-liability ratio,quick ratio,intangible assets ratio,the proportion of technical personnel,operating profit margin six influence factors are analyzed.Firstly in the opening metasomatism research background and research significance of the article,and from environmental protection service industry growth,the influencing factors of the listed company growth and tobin q value three aspects has carried on the literature review,at the same time show the research framework of this article contents and innovative points.Based on firm growth theory and tobin q theory as the theoretical support of the entire article,in defining the growth ability,environmental protection industry,environmental protection service industry on the basis of the key concepts such as descriptive statistical analysis,grey correlation analysis and the method of VAR model to analyze successively on the current development of environmental service industry in our country the listed conditions,asset size and other six factors associated with growth degree,asset size and other six factorsis analyzed in three aspects: the relationship with growth.Through the chapters 3,4,5,the analysis of the environmental protection service industry listed company growth,concluded: China's environmental protection service industry development time is shorter,the market demand is relatively strong,but the existing industry supply can meet the market demand,large developing environmental protection industry is obvious market possibilities.At the same time in developing the environmental service industry in our country face the following problems: first,enterprise demand for capital is larger,and less capital source channel,the financing difficulties;Second,enterprise quick assets too much,is not conducive to enterprise to expand the scale of the production and service;Third,the low proportion of intangible assets and waste problems,lack of talent,easy cause lack of innovation;Fourth,single product,profit channel is narrow.From the Angle of the micro foundation concrete to explore the growth condition of environmental service industry in China and the growth ability,after conversion research perspectives,this paper based on environmental protection service industry,using P(political)E(economic)S(social)T(technical)analysis,concrete analysis the external environment of environmental service industry growth,and the external environment impact on environmental protection service industry.Through the full text analysis,the article from the perspective of industry and the enterprise two research conclusion,and puts forward the following 5 points in the final advice:the government guides the idle funds,building enterprise financing platform;Clear corporate accountability,standardize the development of new forms;Classification of government financial capital,give play to the role of tax compensation;Set up a hierarchical dynamic eia standards,construction environmental effect appraisal system;To build large data service platform,promote the industrialization of research results.