Environmental Regulations, R&D Investment And Corporate Performance

In recent years,environmental problem has drawn great attention of the society,the government introduced a series of documents about environmental protection,to restrain the economic behavior and social behavior of the enterprise,environmental regulation become the important factors that affect enterprise's development.Based on the theory of "porter hypothesis",with more stringent environmental regulations constraint of high pollution enterprise's representative-Beifang Xitu Group Co.,Ltd.as the object of case study,according to the case enterprise in different periods by environmental regulation changes,R&D investment and enterprise's performance indicators,etc.,could be divided into three different stages of environmental regulation background,and then in accordance with the "environmental regulation,enterprise's behavior,and economic consequences research logical discussion,study the effects of environmental regulation through R&D input and the mechanism of effect on corporate performance and path.Through the study found that,under the background of government environmental regulation gradually enhanced,the enterprise pollution cost,market sales pressure,combined with the innovation fund,the influence of such factors as pressure to the enterprise's research and development activities and motivation.Initially,environmental regulation intensity is small,weak supervision,enterprise pollution control cost and penalty cost is low,so the weak environmental regulation failed to stimulate the enterprise's R&D enthusiasm,the influence on enterprise's performance is limited.Continuously improve,as the government environmental regulation,illegal enterprise's pollution charges and the cost increase,companies will strengthen R&D input to improve the efficiency of pollution control and optimize the production process and then make up environmental cost.Doing so will increase costs in the short term negative impact on corporate performance,but in the long run R&D will promote energy efficiency and economic efficiency of enterprises to improve business,help to improve on the overall business performance.Research conclusion not only validate and perfect the theory about "porter hypothesis",at the same time,the pollution to environment regulation under high resource-based enterprises to carry out technology research and development activities to improve business performance has reference significance.