Research On The Impact Of Environmental Regulation On The Profit Of M Steel Company

With the continuous growth of China's economy,environmental problems have become increasingly prominent,which have aroused close attention from the society and the government.In order to promote the healthy development of economy and environment,the government has continuously formulated and implemented environmental regulation policies with enterprises as the main body,all walks of life are inevitably subject to the triple constraints of the environment,energy and government.As a heavy industry manufacturing industry,the production process of iron and steel companies has led to increasingly serious environmental pollution,which is bound by environmental regulation.However,with the gradual improvement of environmental regulation,the state has given certain support to the environmental protection behavior of heavy industry enterprises,in the enterprise to increase the cost of environmental protection while bringing certain economic benefits.Therefore,it leads to the academic debate on the relationship between environmental regulation and corporate profits,whether the impact of Environmental Regulation on corporate profits is negative or positive.In the process of implementation,there are problems such as over-investment and improper control of pollutant discharge.How to reduce the adverse impact on the profits of enterprises.In view of this,it is particularly important to explore the impact of Environmental Regulation on the profits of iron and steel companies.On the basis of consulting the literature and collecting the data,this paper sorts out and analyzes the relevant research on the existing environmental regulation,and finds that the existing research on the environmental regulation,the Enterprise Behavior and the enterprise performance has been quite perfect,however,the relationship between environmental regulation and corporate profits,especially the impact of different environmental regulation tools on corporate profits has not been focused on.This paper adopts the method of case study,combining with the present situation of environmental regulation of M Iron and Steel Company and the analysis of the impact of Environmental Regulation on various financial indicators of thecompany,empirical Research Method is introduced to verify the impact of environmental regulation on M Iron and Steel Company's profits.Based on the environmental regulation and financial data disclosed by M Iron and Steel Company,this paper analyzes the data.Firstly,three hypotheses are put forward according to the previous research.Secondly,three econometric models are set up according to the three hypotheses,and suitable variables are selected,in addition,according to the results of the previous analysis of the M Steel Company implementation of environmental regulation problems,finally,according to the problems made recommendations for improvement.The research strengthens the research work of Environmental Regulation on enterprise profit,enriches the related theoretical research,can better guide the application of environmental regulation in enterprise practice,and improve the efficiency and utility of performance evaluation of Environmental Protection Funds.