| The development of green buildings is the key direction for the transformation and development of real estate enterprises in the new era,and is also an important way for cities to achieve high quality and sustainable development.The fundamental driving force for the long-term development of green buildings should come from the market,so it is urgent to deepen the study of market rules.As a supplier,real estate development enterprises are the key participants influencing the development of green buildings.Exploring the micro-mechanisms that affect real estate development enterprises’ green building practices is an important prerequisite for formulating relevant policies to mobilize the enthusiasm of market participants.Based on a systematic review of relevant studies,the thesis builds a theoretical framework,combines the green label certification project data and the listed real estate enterprise characteristic data to conduct empirical analysis,discusses the factors affecting the enterprise green building development decision,the factors affecting the green level of the enterprise,and The impact of green buildings on businesses.The main conclusions of the thesis are as follows:(1)The organizational characteristics,management characteristics and business performance of the enterprise have a significant impact on the green building development decision of the enterprise and the green level of the enterprise.The larger the company,the earlier it develops green buildings and develops more green buildings.If the enterprise’ management team are younger,higher-educated,and have richer overseas experience,the enterprise tends to be the pioneer in green building development,and the company will achieve a higher level of greenness and develop higher-level green buildings.Companies with poor debt status and companies with high turnover tend to participate in green building development later and have a lower level of greenness.(2)Although the green building premium can fully compensate for the incremental cost,it only proves the economic feasibility of the green building at the project level,and the economic impact on the enterprise is more complicated.With economic feasibility at the project level doesn’t necessarily improve the business performance of the companies that develop green buildings.Using panel vector autoregressive model,it is found that the development of green buildings may lead to the deterioration of business performance in the short run.The main policy recommendations of the thesis are:(1)For the government,it is necessary to strengthen the communication between government and enterprises,coorperate with industry organizations to build a green building exchange platform between the government and enterprises,promote excellent green building cases,and popularize advanced green building design and construction.encourages the "leaders" enterprises to continue to take the lead in demonstrating the role and encourage enterprises with smaller scale or poor business performance to try high-efficiency and cost-effective green building technology.(2)For enterprises,they should give play to the subjective initiative of participating in green technology practice and environmental social responsibility implementation,accumulate the corresponding human and intellectual resources for green building development through the construction of talent team,and persist in attracting more overseas talents and highly educated young talents.Green building development post.And the relationship between short-term business strategy and long-term green strategy should be carefully measured to avoid neglecting long-term development trends due to blind pursuit of high turnover or high leverage. |
