School of Management and Economics, Beijing Institute of Technology, Beijing, 100081, China; Center for Energy & Environmental Policy Research, Beijing Institute of Technology, Beijing, 100081, China; Sustainable Development Research Institute for Economy and Society of Beijing, Beijing, 100081, China.
School of Management and Economics, Beijing Institute of Technology, Beijing, 100081, China.
J Environ Manage. 2022 Sep 1;317:115377. doi: 10.1016/j.jenvman.2022.115377. Epub 2022 May 26.
Does energy-saving have a positive effect on the long-term development of enterprises? To answer this question, this study uses the propensity score matching (PSM) method to determine the impact of enterprises completing energy-saving objectives on their financial performance based on data from an industrial enterprise database in China. The results show that industrial enterprises that have completed the energy-saving target have advantages in profitability, operational and financial indicators but have deficiencies in debt indicators, and there is no significant difference in the ratio of profits to cost and expense. The research results of high energy-consuming industry are the same as the overall sample of industrial enterprises in terms of operational and financial indicators, and debt ratio indicators. Nevertheless, energy saving has no significant impact on profit and ratio of profits to cost of high energy-consuming industry.
节能对企业的长期发展是否有积极影响？为回答这一问题，本研究基于中国工业企业数据库中的数据，采用倾向得分匹配（PSM）方法，确定了企业完成节能目标对其财务绩效的影响。结果表明，完成节能目标的工业企业在盈利能力、运营和财务指标方面具有优势，但在债务指标方面存在不足，且利润与成本费用率没有显著差异。高耗能行业的研究结果在运营和财务指标以及负债率指标方面与工业企业的整体样本相同。然而，节能对高耗能行业的利润和利润与成本费用率没有显著影响。
