Evaluation of Environment Investment Efficiency in Coal Firms

DOI

10.2991/itms-15.2015.221How to use a DOI?

Keywords

Environment Investment; Efficiency; Coal Firms

Abstract

This paper examines explores reason for the inefficiency of environmental investment of 28 coal firms listed in China during the period 2004-2010. We estimate the expectation investment on environment in the context of the residual model of Richardson (2006). The results suggest that 41.07% of the observations are over-investment while the others are under-investment. The determinants of inefficiency are financing restrains and other projects selection. We find the major factor influenced the investment on environment protection and treatment in China is whether there are governments’ guidelines and laws.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xiuying Xing
AU  - Jiexin Guo
PY  - 2015/11
DA  - 2015/11
TI  - Evaluation of Environment Investment Efficiency in Coal Firms
BT  - Proceedings of the 2015 International Conference on Industrial Technology and Management Science
PB  - Atlantis Press
SP  - 921
EP  - 924
SN  - 2352-538X
UR  - https://doi.org/10.2991/itms-15.2015.221
DO  - 10.2991/itms-15.2015.221
ID  - Xing2015/11
ER  -