西南林业大学学报2024，Vol.8Issue(12)：7-13,7.
中央环保督察对上市房地产企业价值影响的实证研究
Empirical Study on the Impact of Central Environmental Protection Inspector on the Value of Listed Real Estate Enterprises
摘要
Abstract
The real estate industry is a pillar industry of the national economy and a typical high energy consu-ming and high emission industry.While it is thriving,it has also generated a large number of environmental prob-lems.The environmental regulations aimed at balancing the relationship between environmental protection and eco-nomic growth are having an impact on the value of real estate enterprises through dimensions such as innovation,fi-nancing,and information disclosure.In order to objectively evaluate its impact,this article uses relevant data from listed real estate companies in China from 2012 to 2021 to construct a strength double difference model for in-depth exploration.The results indicate that central environmental inspections have a negative impact on the value of listed real estate enterprises,and the inhibitory effect of the second round of central environmental inspections on enter-prise value is more pronounced;There are significant differences in the degree of impact on different types of listed real estate enterprises.Central environmental inspections have a negative impact on the value of small and non-state-owned listed real estate enterprises,while they have a positive impact on the value of large and state-owned listed real estate enterprises.Based on this,this article proposes corresponding suggestions for real estate enterprises to effectively respond to environmental regulations.关键词
中央环保督察/房地产企业/价值/强度双重差分法Key words
Central Environmental Protection Inspection(CEPI)/real estate enterprise/value/strength differential分类
管理科学引用本文复制引用
马子红,范立茹..中央环保督察对上市房地产企业价值影响的实证研究[J].西南林业大学学报,2024,8(12):7-13,7.基金项目
"云南省高等教育本科教学成果立项培育"项目(JXCG22013)资助 （JXCG22013）
"云南省教师教学创新能力提升"项目(W8242702001)资助 （W8242702001）
"云南大学2023年研究生课程思政示范课程"项目(2023KCSZ12)资助. （2023KCSZ12）
