Research On The Relationship Between Environmental Protection Investment,technology R&D And Financial Performance Of Key Pollutant Discharge Units

Green water castle peak is jinshan silver",environment protection has become the only way for national development,at present the country to vigorously promote ecological environment protection,firmly establish the consciousness of environmental protection has been in people’s hearts,at the same time,to the enterprise level of environmental awareness of the state and people also constantly improve,especially for those units,the key point of high energy consumption high pollution This also makes the enterprise begin to realize its own environmental protection responsibility,began to explore the green sustainable development road.In order to play the role of environmental protection in economic optimization and positive incentive,to avoid the phenomenon of "one-size-fits-all" environmental protection work,the environmental protection department has formulated a list of key polluting-discharging units and enterprises,and strict supervision of key units.Enterprises are also actively exploring green transformation,increasing investment in environmental protection and r&d and innovation in green technologies.However,the increase of environmental protection investment to a certain extent has an impact on the economic benefits of enterprises,which may be detrimental to the economic performance of enterprises in the short term,but in the long run,it has many benefits for enterprises.The main research contents of this thesis are as follows:(1)Put forward relevant assumptions.By studying theory knowledge,summarizing the research achievements of domestic and foreign scholars have been completed,on the spot investigation,the author,for key units of the environmental protection investment,technology research and development and the relationship between the financial performance,put forward the key units of the environmental protection investment units have positive influence on financial performance,the key financial performance was influenced by environmental protection investment will,The influence has a lag,the environmental protection input of key pollutant discharging units will positively affect technology r&d,and the environmental protection input of key pollutant discharging units will positively affect technology R&D output.There are six specific hypotheses,that the r&d input of key pollutant discharging units plays a partial mediating role in the lagging effect of environmental protection input on financial performance,and that the r&d output of key pollutant discharging units plays a partial mediating role in the lagging effect of environmental protection input on financial performance.(2)Research design.After confirming the hypotheses to be verified,the corresponding research indicators and research methods were determined.In order to study the relationship between enterprise environmental protection investment and financial performance,a multiple regression model was constructed based on the hypotheses proposed in this thesis,and enterprise technology research and development was studied as an intermediary factor.In this thesis,60 listed key polluters are selected as research samples,and relevant data are searched and summarized through the Internet to lay a foundation for empirical testing.(3)Empirical analysis and suggestions.Using the model in the article,the related data to carry on the empirical analysis,based on the empirical results confirm the effectiveness of the proposed in this thesis,we assume,and test the robustness of the model by using the method of variable substitution,eventually come to the conclusion that enterprise environmental protection investment will lag on positive impact on financial performance,and technology research and development in partial intermediary role.Finally,some suggestions are given from the perspective of enterprise management and government management.In this thesis,the key pollutant discharging units as the research object,explore the relationship between environmental protection investment,technology research and development and financial performance,so as to point out a green and sustainable development path for enterprises,but also for the national macro-control of the relationship between environmental protection and economic development,the formulation of relevant policies to provide reference.