Impact of environmental regulation on corporate environmental investment

摘要

Will environmental regulation have a positive impact on the corporate environmental investment in China? In this paper, environmental regulation intensity is built. Panel regression model and grouping regression are used to verify impact of environmental regulation on corporate environmental investment. In order to measure the environmental regulation has a threshold effect on enterprise environmental investment, this article uses the panel data model created by Hansen (1999). Panel regression results shows that there is a negative correlation between environmental regulation intensity and corporate environmental investment. Grouping regression results show that environmental regulation has a "Threshold Effect" on corporate environmental investment.