Emergent Environmental Accidents And Environmental Protection Investment

For the past few years,our country has made a great achievement in economic construction.However,there are more and more problems in ecological civilization consruction.Enterprises have created most social wealth,which are also the main source of pollution.How to balance the economic benefit and environmental protection and how to carry out corporate social responsibility properly are the main question that government,society and enterprises are facing with.In the reports of the19 th National Congress of the Communist Party of China,President Xi figured out that building a beautiful China,creating a good production and living environment for people,contributing to global ecological security.President Xi thinks highly of building a beautiful China,he has made a series of important speeches about it.Especially in 2018 National Conference on Ecological Protection,President Xi emphasized that we should greatly strengthen ecological improvement.Nowadays,Environmental problems have become the focus of public concern,especially emergent environmental accidents,whose particularity and great harmfulness make people and government pay more attention to it.Emergent environmental accidents,as one that occurs suddenly,causes or may cause major casualties or property losses,or poses a major threat or damage to the economic and social stability and political stability of the whole country or a certain region,and has a major social impact and involves public security,when it occured,people and the government must pay great attention to it.Based on the institutional background of "accountability system" and "one-vote veto system",local government officials are bound to be impacted by environmental emergencies and face great pressure of environmental assessment and even affect their official career when external policy environment emphasizes environmental protection and environmental governance.Therefore,local governments have sufficient incentives to conduct regional environmental governance,and enterprises' environmental protection investment behavior will also be affected.From this Angle,this paper studied the relationship between emergency environmental accidents and enterprises' micro investment behavior.Furthermore,dividing environmental protection investment into environmental technical investment and environmental non-technicalinvestment,discussing after emergency environmental accidents,what the enterprises environmental protection investment strategy will be.The study finds that the enterprises environmental protection investment and serious emergency environmental accidents was significantly positive correlation,and do not related with major and ordinary emergency environmental accidents.serious emergency environmental accidents have a more serious deterrent effect,regardless of the harm degree,or caused by the social attention,giving sufficient pressure to environmental governance,local officials.By contrast,major emergency environmental accidents and ordinary emergency environmental accidents have a smaller effects,not enough to cause the attention of the public and public officials,and thus to form the deterrent effect of the enterprises.And when enterprises are in the environmental protection investment behavior choice,based on the maximization of self-interest,the environmental protection technical investment can be regarded as a cash outflow.In the allocation of resources under the condition of limited,When short-sighted corporate are facing with government environmental pressure,are more inclined to take short-term emergency measures,rather than investment,less time consuming,earnings of long-term environmental behavior.The innovation of this paper lies in the following aspects: first,combining with the institutional background of official promotion,this paper links the exogenous environmental emergency with the micro-investment behaviors of enterprises,which enriches the research on environmental protection investment.Second,this paper will subdividing environmental protection investment behavior in environmental technical protection and environmental non-technical protection investment to distinguish the enterprise long-term governance actions against environmental stress and short-term emergency measures,more targeted to the relevant government departments to establish and perfect the relevant supporting policies,using appropriate methods and means to guide enterprise energy conservation and emissions reduction behavior is of great significance.