Environmental Regulation,Technological Innovation And Management Performance

As a developing country,while vigorously developing the industrial economy,my country has not taken into account the ecological environment.Some industries even sacrifice the environment in exchange for short-term economic benefits,such as water pollution,soil pollution,air pollution and a series of environments.The problem is getting worse and needs to be solved urgently.In recent years,as the public’s awareness of environmental protection has increased and the country has paid more attention to environmental issues,a series of targeted environmental regulatory policies have been introduced one after another,aiming to adjust the industrial structure of my country,promote the upgrading of backward industries.and solve pollution problems from the source.The implementation of these regulatory policies is not only to establish a standard for the industrial sector to achieve the purpose of reducing pollution from its production and operation activities,but also to encourage the industrial sector to continuously increase R&D investment and actively carry out technological innovation to seek more environmentally friendly production.Ways and industrial patterns.However,it cannot be ignored that the implementation of environmental regulations and policies will inevitably have a greater or lesser,better or worse impact on the operating performance of the industrial sector.Therefore,it is particularly important to study the relationship between industrial environmental regulation,technological innovation and business performance.This article selects my country’s industrial industries as the main body of research,uses panel data from my country’s 36 industrial industries from 2005 to 2019,and uses the mediation effect analysis method to study the impact of environmental regulations on industrial industry operating performance from the perspective of technological innovation,and establishes a panel threshold model.The nonlinear relationship between the two under the influence of technological innovation is analyzed,and the conclusions are as follows.First,environmental regulations are positively correlated with operating performance,indicating that environmental regulations have a positive effect on operating performance.Second,environmental regulation and technological innovation are positively correlated,indicating that the implementation of environmental regulation policies has promoted technological innovation in the industry.Third,technological innovation is positively correlated with operating performance,indicating that with the improvement of technological innovation capabilities,operating performance has also been improved.Fourth,environmental regulations do not directly affect the operating performance of the industrial sector.Technological innovation has an intermediary effect between the two,and the intermediary effect value is calculated to be 56.76%.Fifth,there is a non-linear U-shaped influence relationship between environmental regulation and business performance,indicating the existence of a single threshold effect and standard regulation level between the two.Finally,based on the above-mentioned research conclusions,this article puts forward feasible policy recommendations from the government level,industry level,and social level to improve the status quo of environmental regulation,technological innovation,and operating performance in my country’s industrial industry.