数字金融能够促进企业绿色投资吗？——基于中国重污染行业上市公司的实证研究

数字金融实现了金融资源的高效配置,为重污染企业实现绿色转型提供了新机遇。基于2011—2021年中国重污染行业沪深A股723家上市公司的面板数据,实证分析数字金融发展对重污染企业绿色投资的影响及其传导机制。研究结果证实,数字金融发展能够显著提高重污染企业绿色投资水平,并通过一系列稳健性检验后该结论仍然成立。作用机制检验结果表明,数字金融可以通过缓解融资约束、抑制企业金融化进而提高重污染企业绿色投资水平。进一步分析发现,环境规制、分析师关注度正向调节了数字金融对重污染企业绿色投资的促进效果;数字金融仅对重污染行业中国有企业和大规模企业的绿色投资水平存在显著作用。最后,基于研究结论,提出推动数字金融发展与企业绿色投资的相关建议。     

控股家族涉入能促进企业履行环境责任吗？——基于中国A股上市公司的证据

基于2009—2017年我国沪深A股上市公司样本,比较了家族企业与非家族企业所履行的环境责任差异,研究了控股家族涉入对企业环境责任行为的影响。研究结果发现：家族企业比非家族企业更少地履行环境责任;在家族企业中,所有权比例的增加会显著降低环境责任水平,家族成员出任董事长会象征性地披露更多环境责任信息,家族涉入时间与环境责任之间总体上呈现出倒U型关系。进一步研究表明,家族企业会有选择地履行环境责任以维护家族声誉同时减少经济利益损失,控股家族涉入对环境责任的影响在创业型和非创业型家族企业中有所不同,在强制披露的企业中所有权比例对企业环境责任的消极影响会有所减弱。     

以价值为基础的维修管理——用OEE作为关键性能指标

介绍挪威工业界使用OEE作为考核设备效率的关键性能指标,以及实际使用OEE指标的4个层次生产损失的模式和15个生产损失要素。     

GLOBAL Auto Shows Boom in 2007

China's independent brands have been booming in recent years when the country's auto industry has seen a rapid growth.They have attract- ed the global attention,but still need to up- grade constantly whether in technology or business performance in order to strength- en their presence in the global market and become internationalized.Global shows have definitely been the arena for them to     

Welcome to Czech Art Festival in Beijing!

A glimpse of exoticism from Czechia in golden Beijing! Czech Embassy will give a panorama of natural environment, history and relics, cultural fruits and industrial development of the Czech Republic to everyone. Distinctive fashion show, Czech contemporary design exhibition and introduction to relevant businesses and tourism will also be provided. This is a dazzling demonstration that you should not miss! Here are the the upcoming activities at the Festival.[第一段]     

Bulgaria,Boosting Energy Cooperation with China——Interview with Deputy Minister Yaneva,Ministry of Economy and Energy,the Republic of Bulgaria

Deputy Minister Yaneva of Economy and Energy,the Republic of Bul- garia,a nice lady with outstanding talents,headed a delegation of Bulgaria to visit China in late June,for the participation at the 13th Bulgarian-Chi- nese Intergovernmental Commission for Economic,Trade,Scientific and Technical Cooperation.As an important instrument,the Joint Commission played a significant role in promoting the overall development of the bilat- eral economic relations. China's Foreign Trade interviewed Deputy Minister Yaneva and she gave very constructive suggestions on promoting the bilateral economic and trade cooperation between the two countries,especially in the area of energy cooperation.The following is a written interview with Deputy Min- ister Yaneva.     

Close to ASEAN

When looking at the process of regionalization,the birth of the Association Of Southeast Asian Nations (ASEAN) has been a great step forward.Like the EU in Europe, ASEAN plays a similar role in Southeast Asia,an area that has seen increasing in- fluence not only in Asia but in the rest of the world.     

A Brand New Cultural Tourism Project in the World History A Celebrity-Themed Park Worth Visiting for Everybody

Profile of Park of　"Time-Honored Celebrities" The present Patent is an invention of a theme park on different scales based on geographic position of the world's political areas.     

HIGER BUS Heading Global Talks with Mr. Huang Shuping, Executive General Manager of HIGER BUS

In south of China lies a beautiful city, Suzhou, renowned as "Heaven on Earth", and in Singapore-Suzhou Industrial Park of this city locates Higer Bus Company Limited.     

Little Czech Mole,Deep Affection From

Do you remember the little animated character in The Mole? The famous mole has lived for over 86 years in this animation movie which was made by Studio Bratri v- triku,Czech.When I was still a child,I was a crazy fan of this kind-hearted but a little silly mole.I even knew how to say it in Czech:krtek! Because of that mole,I began to fall in love with Czech.After China's Foreign Trade did an interview with Am- bassador of the Czech Repulic to China,H.E.Dr.Vitezslav Grepl, also an old friend of the Magazine, I have more reasons to have affec- tion towards this country. H.E.Dr.Vitezslav Grepl has been the Ambassador of the Czech Repulic to China for about 3 years.Besides his mother tongue, he can also speak very good English,Swed- ish,Finnish and Russian.He was fond of old map collection.In the exhibition room of the Embassy,we could found many previous art works he collected.From his proud smile when he shown us the old Chinese map he collected,I suddenly knew why I could like that little mole so much. Former Czechoslovakia estab- lished former diplomatic relations with People's Republic of China only 5 days after its foundation. During those years,we witnessed together the good relationship be- tween China and Czech Republic. In December 2005,Premier Wen Jiabao visited this beautiful Czech, honored"garden of Mid-Europe". On August 31 this year,the 7th Meeting of Sino-Czech Joint Economic Com- mission was held in Prague.Both sides had an all-round review of the bilateral economic re- lations.By more exchanging activities,China and Czech are walking closer to each other. By Editor