Abstract
This paper takes the heavily polluted listed companies in Shanghai and Shenzhen A-shares in China from 2010 to 2018 as the research sample, and uses stata software to empirically test the impact of different dimensions of environmental regulation tools on corporate green investment, and further explores the regulatory role of internal control. The research shows that the relationship between administrative order type environmental regulation and public participation type environmental regulation and green investment of enterprises is inverted U-shaped, while the relationship between market incentive type environmental regulation and green investment of enterprises is positive U-shaped; Market incentive environmental regulation and public participation environmental regulation can strengthen the role of administrative order environmental regulation on green investment; Internal control plays a regulatory role in administrative order type environmental regulation and market incentive type environmental regulation. The conclusions of the study provide useful enlightenment for the government to make reasonable planning for different dimensions of environmental regulation, promote internal control of enterprises and increase green investment of enterprises.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Bin L, **hao W (2019) Can internal control evaluation improve accounting conservatism? [J]. Nankai Econ Res (06):158–180
Control ZHI (2019) Environmental policy and enterprise environmental protection investment—empirical evidence from listed companies in heavy pollution industries [J]. Finan Account Commun 06:88–91
Hong L, Mafei T (2015) Correlation between internal control, media function, legal environment and accounting information value [J]. Acc Res (06):64–71+97
Lijuan C, **aolan J (2016) Effectiveness of internal control, marketization process and environmental information disclosure [J]. J xi’an Univ Financ Econ 29(02):101–107
Maochu Z, Mengjie L, Jian D (2015) Can environmental regulation force the adjustment of industrial structure—an empirical test based on China’s inter provincial panel data [J]. China’s Popul, Resour Environ 25(08):107–115
Yinhua Q, Xuan Y (2015) Empirical study on the relationship between the effectiveness of internal control and the quality of environmental information disclosure [J]. Statist Decis Making 23:166–169
Zeng J, Hu J (2015) Research on impact factors of public environmental participation in China—empirical analysis based on China’s provincial panel data [J]. China’s Popul, Resour Environ 25(12):62–69
Zhenxing H, **aoyue G, Hao W (2019) Internet finance development, internal control quality and SME financing constraints [J]. Finan Account Commun (30):120–124
Zhonggao L, Maohuan D (2017) The impact of internal control defects and their repair on corporate debt financing costs—an empirical study based on the perspective of internal control regulatory system change [J]. Acc Res (04):73–80+96
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Li, J., Liu, W. (2023). The Impact of Environmental Regulation on Green Investment: The Regulatory Role of Internal Control. In: Zhang, J., Ruan, R., Bashir, M.J.K. (eds) Environmental Pollution Governance and Ecological Remediation Technology. ICEPG 2022. Environmental Science and Engineering. Springer, Cham. https://doi.org/10.1007/978-3-031-25284-6_70
Download citation
DOI: https://doi.org/10.1007/978-3-031-25284-6_70
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-25283-9
Online ISBN: 978-3-031-25284-6
eBook Packages: Earth and Environmental ScienceEarth and Environmental Science (R0)