STUDY ON IMPACT OF ENVIRONTMENTAL PROTECTION INVESTMENT OF ENTERPRISE ON FINANCIAL PERFORMANCE
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บทคัดย่อ
Since introducing the concepts of corporate environmental responsibility and environmental protection investment, the relationship between environmental protection investment and corporate financial performance has been an important issue. Although scholars have done a lot of empirical research on the relationship between them, it does not come to a similar conclusion. In the recent years, most scholars consider that enterprise environmental protect investment makes a positive effect on financial performance.
This paper aims to study the relationship between environmental protection investment and corporate performance in current and later fiscal years of listed companies of heavy pollution industry. Based on the previous study results, this paper established the conceptual model of the relationship between enterprise environmental protection investment and financial performance, collecting data from financial reports, corporate social responsibility reports and other independent reports and database. According to the analysis, this paper draws the following basic conclusions: 1) corporate environmental protection investment does not have a significant effect on the current financial performance; 2) corporate environmental protection investment plays a positive effect on the financial performance of the following year; 3) compared with investment in pollution treatment, pre-pollution prevention investment has a more significant impact on financial performance.
Article Details
“ข้าพเจ้าและผู้เขียนร่วม (ถ้ามี) ขอรับรองว่า บทความที่เสนอมานี้ยังไม่เคยได้รับการตีพิมพ์และไม่ได้อยู่ระหว่างกระบวนการพิจารณาลงตีพิมพ์ในวารสารหรือแหล่งเผยแพร่อื่นใด ข้าพเจ้าและผู้เขียนร่วมยอมรับหลักเกณฑ์การพิจารณาต้นฉบับ ทั้งยินยอมให้กองบรรณาธิการมีสิทธิ์พิจารณาและตรวจแก้ต้นฉบับได้ตามที่เห็นสมควร พร้อมนี้ขอมอบลิขสิทธิ์บทความที่ได้รับการตีพิมพ์ให้แก่สถาบันการจัดการปัญญาภิวัฒน์หากมีการฟ้องร้องเรื่องการละเมิดลิขสิทธิ์เกี่ยวกับภาพ กราฟ ข้อความส่วนใดส่วนหนึ่งและ/หรือข้อคิดเห็นที่ปรากฏในบทความข้าพเจ้าและผู้เขียนร่วมยินยอมรับผิดชอบแต่เพียงฝ่ายเดียว”
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