Abstract
Environmental education has a substantial impact on the behavior and performance of mergers and acquisitions. Low-carbon M&A is a new mode of mergers and acquisitions under the education of ecological civilization. This paper first analyses the improvement of ecological efficiency of low-carbon M&A in different regions and industries in China, but there are significant differences in the improvement of environmental efficiency in different regions and industries. The higher efficiency industries are mainly distributed in the capital-intensive industries, followed by labor-intensive industries, while the resource intensive industries are the lowest. The cleaner production industries are significantly higher than the pollution intensive industries. The main reason is that there are significant industrial differences in environmental education, energy structure and low-carbon technology. Regional environmental efficiency is higher in the Yangtze River Delta, followed by the Pearl River Delta, the Circum-Bohai-Sea Region, the worst. The main reason is that there are regional differences in environmental education investment, resource endowment, government intervention, marketization level, environmental policy and ecological civilization education system. Increasing investment in environmental education is one of the key means of improving ecological performance.
Highlights
With the rapid development of China’s economy and society, the production capacity has been continuously improved and the scale has been continuously expanded, resulting in excessive use of many natural resources and deteriorating ecological environment
By further analysis of pollution discharge industry, it can be seen that on the whole clean production industry(such as information equipment, commercial trade and pharmaceutical)improves better in ecological efficiency of low-carbon M&A than pollution intensive industry(such as nonferrous metals, chemical industry and coal), which demonstrates that pollution intensive industry has low industrial concentration in current ecological civilization education, neglects integration of low-carbon technology talents and organization, whose industrial agglomeration effect is not reflected, with insufficient capacity of energy saving and carbon emission reduction, high resources waste and serious environmental pollution, so ecological civilization education are faced with serious situation
Obvious differences of ecological efficiency mainly lie in the unique geographic position and resources endowment of different economic regions, especially in obvious regional differences in governmental involvement, marketization level and openness degree, industrial structure and policy system etc., which leads to regional differences in performance and M&A efficiency of listed companies
Summary
With the rapid development of China’s economy and society, the production capacity has been continuously improved and the scale has been continuously expanded, resulting in excessive use of many natural resources and deteriorating ecological environment. In the face of increasingly serious environmental problems, it is urgent to strengthen the ecological civilization education, enhance the awareness of conservatives, environmental protection awareness, ecological consciousness, popularize the knowledge and skills of environmental protection, cultivate environmental protection talents, create a good atmosphere of cherishing the ecological environment, and it is a. Correspondence: Shu-Rong Yan, College of medicine and health, Lishui University, Lishui, Zhejiang, China. Tian et al / Differences of Low-carbon M&A Ecological Efficiency under Ecological Civilization Edu
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