环境绩效与财务绩效关系区域比较研究——来自重污染行业上市公司的实证数据.pdfVIP

人文地理 2016年第5期总第151期 文章编号:1003-2398(2016)05-0155-06 DOI:10.13959/j.issn. 1003-2398.2016.05.023 环境绩效与财务绩效关系区域比较研究 ——来自重污染行业上市公司的实证数据 杨 霞，王乐娟 （西安外国语大学商学院，西安710128 ） COMPARISONCOMPARISON OFOF REGIONALREGIONAL RELATIONSHIPRELATIONSHIP BETWEENBETWEEN ENVIRONMENTALENVIRONMENTAL PERFORMANCEPERFORMANCE ANDAND FINANCIALFINANCIAL PERFORMANCE:PERFORMANCE: EVIDENCEEVIDENCE FROMFROM CHINESECHINESE LISTEDLISTED COMPANIESCOMPANIES ININ HEAVYHEAVY POLLUTIONPOLLUTION INDUSTRIESINDUSTRIES YANG Xia, WANG Le-juan (BusinessSchool,XianInternationalStudiesUniversity,Xian710128,China) Abstract:Abstract: This paper researches the relationship as well as in different regions based on the data of Chinese listed firms in heavy pollution industries form 2011 to 2014. Environmental performance is measured by the unit operating income discharging reduction, and financial performance is measured by return on equity. This paper divides all samples into different groups based on different regions. According to economic devel- opment level in different regions the samples are divided into the eastern region, the central region and the western region. According to resource abundance degree in different regions the samples are divided into abundant resource provinces and non-abundant resource provinces. This paper finds that environmental per- formance could improve financial performance, the relationship in the central and eastern region is more pos- itive than that in the western region, and the relationship is positive significantly in abundant resource prov- ince while the relationship is not that obvious in