Abstract
As China attaches great importance to the construction of ecological civilization, the fiscal expenditure on environmental protection is increasing year by year, which needs to attract more social capital to participate in the construction of ecological civilization. As the main body of market economy, it is of great significance for enterprises to fulfill their environmental responsibilities. Especially when technological innovation has become the most important driving force for enterprise growth and national competition, the relationship between corporate environmental responsibility fulfillment and technological innovation has attracted more and more attention from all walks of life. Based on this, this paper uses 2015-2019 non-state-owned chemical industry listed companies as the research object to investigate whether environmental protection behavior affects enterprise performance and whether innovation performance plays a mediating role. It is found that there is a significant positive correlation between environmental protection behavior and enterprise performance, but innovation performance will not have a significant mediating effect on environmental protection behavior and enterprise performance in the short term.
Highlights
The report of the 19th National Congress of the Communist Party of China emphasizes that man and nature are a community of life, and human beings must respect, conform to and protect nature
There are some researches on environmental protection, innovation performance and enterprise performance at home and abroad, but there is a lack of corresponding empirical analysis
The possible marginal contributions of this paper are as follows: first, in terms of research methods, this paper focuses on the empirical analysis of the relationship between corporate environmental protection behavior and corporate performance, which further enriches the literature in the field of environmental protection
Summary
The report of the 19th National Congress of the Communist Party of China emphasizes that man and nature are a community of life, and human beings must respect, conform to and protect nature. The State Council, environmental protection departments and local governments have successively issued a series of environmental protection policies aiming at eliminating pollution, correcting market failure, improving resource allocation efficiency and promoting long-term sustainable economic development. These policies and regulations protect the ecological environment and effectively control the degree of pollution and ecological damage, and have a certain degree of impact on China's economic environment and related enterprises, which is bound to affect the production activities of related enterprises, and affect enterprise behavior and performance. This paper takes the non-state-owned chemical industry as the main research object, which enriches the literature on the impact of environmental protection on enterprises
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