Study On The Influence Of Corporate Governance On Environmental Investment In Yunnan Tin Company Group Limited

With the rapid development of China's economy,the ecological environment is facing a severe test.At the beginning of 2020,global ecological environment problems such as virus,forest fires and glacier melting are increasingly prominent.The Ministry of ecological environment of China promises that we continue to adhere to precise,scientific and legal pollution control.Heavy pollution industry pollution still as a key remediation area.In 2019,96 national ecological environment standards were formulated and revised in China,and the government strictly carried out environmental protection supervision according to laws and regulations.This shows that the party and the state are concerned about the environment on which the people live,and the intensity of environmental regulation is constantly increasing.In recent years,the total amount of environmental protection investment in China has gradually increased,but the proportion of environmental protection investment in GDP is only kept at about 1.3%.There are still many problems in the structure and efficiency of environmental protection investment.Heavy pollution industry should pay more attention to environmental protection investment to balance the relationship with environmental protection,but in the current domestic and international market overall decline environment,if the enterprises increase the investment in environmental protection facilities and maintenance management,it will undoubtedly increase the burden of enterprises and reduce the profit margins of enterprises.It provides the possibility for the transformation of environmental protection investment into value investment to perfect corporate governance.Enterprises should give full play to the management functions of enterprise managers through corporate governance,strictly abide by national environmental protection laws and regulations,actively assume environmental responsibility,fully improve the efficiency of environmental protection investment,and coordinate the relationship between environmental protection and enterprise development.Therefore,it is of great practical significance to analyze the impact of corporate governance on environmental protection investment from the perspective of environmental regulation.In this paper,Case Analysis Method is the main research method,Yunnan Tin Industry Group Co.,Ltd.(hereinafter referred to as "Yunxi group")is selected as the case company.Firstly,the related literature at home and abroad is reviewed,and clarifies the impactmechanism of corporate governance on environmental protection investment,and the impact mechanism of corporate governance and environmental regulation on environmental protection investment.Secondly,it summarizes the development and implementation of environmental regulation in China and Yunnan Province,and expounds the corporate governance characteristics and environmental protection investment status of Yunxi group in detail.Then,the panel data of Listed Companies in heavy pollution industry from 2013 to2018 are selected,and the impact of corporate governance on environmental protection investment is verified by building a multiple linear regression model.Based on the empirical results,the impact of corporate governance on environmental protection investment of Yunxi group is analyzed.At the same time,the influencing factor model of environmental protection investment based on corporate governance is built to estimate the environmental protection investment of Yunxi group,and the investment volume of Yunxi group is compared with that of Yunxi group Based on the comparative analysis of the actual environmental protection investment scale of Yunxi group,this paper finds out the problems and causes of environmental protection investment of Yunxi group.Finally,some suggestions are put forward to improve the environmental protection investment level of Yunxi group,and the enlightenment to the government and society is obtained.The research in this paper reflects the value impact of corporate governance based on the perspective of environmental regulation on the decision-making of enterprise environmental protection investment in the form of cases,which not only contributes to the healthy development of corporate governance and environmental protection investment of case enterprises,but also has certain reference significance for heavy pollution related enterprises.