• Title/Summary/Keyword: Investment and Environmental Protection

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A Study on the Effect of Government Subsidy on the Profit Growth of Chinese Environmental Protection Companies: Mediating Effect of R&D Investment (정부 보조금이 중국 환경보호 기업의 이윤 증가에 미치는 영향 분석: R&D 투자의 매개효과를 중심으로)

  • Li, Na;Cai, Heeman;Zhang, Mengze
    • The Journal of the Korea Contents Association
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    • v.22 no.8
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    • pp.287-296
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    • 2022
  • The purpose of this study is to verify the effect of government subsidies and R&D investment on the increase in profits of Chinese environmental protection companies. The research method for this was empirically analyzed using the Chinese CSMAR database for 161 Chinese environmental protection companies and using statistical data obtained from 805 samples. The analysis results are as follows. First, government subsidies had a positive effect on the increase in profits of Chinese environmental protection companies. Second, government subsidies had a positive effect on R&D investment by Chinese environmental protection companies. Third, R&D investment had a positive effect on the increase in profits of Chinese environmental protection companies. Fourth, R&D investment through government subsidies has a partial mediating effect on the effect on the increase in profits of Chinese environmental protection companies. In this study, based on the results of the study, a plan was proposed to promote the increase in profits of Chinese environmental protection companies by expanding government subsidies to Chinese environmental protection companies and focusing on R&D investment.

A Study of Environmental Management Investment Allocation

  • Tien, Shiaw-Wen;Chang, Ting-Ting;Chung, Yi-Chan;Chen, Ching-Piao;Tsai, Chih-Hung
    • International Journal of Quality Innovation
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    • v.9 no.2
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    • pp.57-77
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    • 2008
  • The $21^{st}$ century is a new century of environmental protection. Environmental protection is one of the most important subject matters yet to come. Moreover, as the public pays more attention to environmental problems, enterprises should increase their investment in environmental management. Therefore, determining the investment level for environmental management and allocating the investment to associated environmental management activities has become a major task. The principal and agent theory and sales response functions are used for analysis in this research. The allocation of capital investment in environmental management is found to have significant impact on the aggregate sales response, aggregate profit and investment level. Therefore, in preparing the budget for environmental management, enterprises should focus on investment allocation decisions, determine the investment level and allocation method using integrated means, and apply submarket data in the allocation decision-making process. In other words, in setting the investment level, executive management should take managers' willingness into consideration. In allocating capital investment, managers should identify the optimal allocation method based on submarket characteristics.

The Investment Chapter of the Korea-US FTA and its Implications for Environmental Matters (한.미 FTA 투자챕터(Chapter)와 환경문제)

  • Park, Deok-Young
    • Journal of Arbitration Studies
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    • v.24 no.1
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    • pp.25-44
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    • 2014
  • Conflict between transnational environmental issues and foreign investment in capital-importing states can be commonly found. Actually, several investor-state dispute arbitration cases like Bilcon v. Canada, S.D. Myers v. Canada, and Metalclad v. Mexico concerned environmental matters. States are worried about their measures for securing the environment might be deemed to go against international investment agreements and foreign investors also are anxious because of excessive regulations. Against this backdrop, stakeholders attempt to strike a balance between securing foreign investment and preserving the environment. This article argues that the investment chapter of the Korea-US FTA tries to solve environment-investment collision in investor-state disputes. Before analyzing the provisions of the investment chapter most relevant to environmental issues, this article points out the most typical types of environmental clauses included in international investment agreements. The investment chapter of the Korea-US FTA has provisions which effectively prevent measures from becoming useless when those measures are legitimate measures relevant to environmental matters. This does not mean that the Korea-US FTA completely solves the conflict between environmental issues and the protection of foreign investment, but still it paves the way for a prudent solution which would hash out this thorny problem.

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Developing Green Bank Operation In India And Vietnam: Comparison And Evaluation

  • DANG, Thuy T.;NGUYEN, Trang Thu
    • Asian Journal of Business Environment
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    • v.11 no.3
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    • pp.33-43
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    • 2021
  • Purpose: The purpose of the paper is to assess the greening of investment flows as well as the orientation of financial sources of effective environmental protection. Both India and Vietnam are considered to be two Asian countries that are radically affected by global climate change. Governments of the two countries have implimented numerous measures against environmental pollution through the banking and finance sector. Developing green banking operations in India and Vietnam is a new direction in the socio-economic development strategy coupled with effective environmental protection. Research design, data and methodology: The data was mainly based on Asia Development Bank Institution (ADBI) and Bank of India (BOI) from 2015 - 2018. This paper focused on comparing and evaluating the development of green banks between the two countries. Result: The banks' contribution to green growth and green economy is shown in two basic aspects: (i) the connection between organizations, and individuals, and management process for investment projects, including environmental risks; and (ii) the operation of banks has a direct impact on the environment, through the application of technology to pay documents and apply e-banking. Conclusion: Paper reflects, compares and evaluates green banking operations in India and Vietnam to provide new directions aiming to develop financial and economic system along with effective and efficient step toward climate change control. India's green banking operations, after a specific assessment, will be lessons for the Government of Vietnam during the process of socio-economic development and environmental protection.

A Challenge to Development and Environmental Protection in China (중국의 개발과 환경보전에의 도전)

  • 조윤숭
    • Journal of environmental and Sanitary engineering
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    • v.8 no.2
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    • pp.123-148
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    • 1993
  • Over the past-decade of reform and opening up to the outside world, China#s GNP doubled which now ranks eighth in the world, making an average 9.6% increase annually. Some industrial products such as steel, crude oil and power generation rank fourth in the world, while output of coal and cement rank first. In the agricultural sector, China ranks first in the output of grain, cotton, meat and basically solved the problem of providing food and daily necessities for 22% of the world#s population, The Chinese government has set the objectives in environmental protection plan to be achieved by the year 2000 together with ecological protection. During the Seventh Pive-Year Plan(1985-90), Chains#s annual investment in controlling environment pollution was about 10 billion Yuan, or 0.7% of her GNP, while during the Eighth Five-Year Plan, effort will be made to increase such investments, in terms of the GNP, possibly to 0.85"1% . However, the expanding development including industrial production will increase large amounts of pollutants into the environment and efforts are underway to deal with these pollution. *대한위생학회장 Regional community are faced with serious environmental problems. For instance, so called# Yellow Sand Storm# from China is one of the case. Recently, to make matter worse, acid rain and dry depositation from transboundary air pollution is tend to increase mainly because of emissions from mainland China. Therefore, the countries concerned in the region, should seek to promote international cooperation on environmental issues. An overall aspects of development and environmental programs in China are presented.

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Latest greenhouse product industry in Japan and newest computational techniques for aerodynamics in greenhouses

  • Lee, In-Bok
    • Proceedings of the Korean Society for Bio-Environment Control Conference
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    • 2000.10b
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    • pp.3-16
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    • 2000
  • Protection agriculture is the essential choice for human to increase the efficiency of limited crop production area under harsh and changeable weather boundary conditions, extend growing season, maximize the crop yields, and then increase the sustainable income of the grower. The investment costs far greenhouses as well as labor and energy costs are much higher than for conventional plant production systems, so these can only be balanced by better crop yields, higher labor productivity, and higher energy efficiency. (omitted)

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Economic Analysis for Introduction to Department Building of Co-generation (백화점용 건물에 열병합 도입에 따른 경제성 분석)

  • 김응상
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.16 no.4
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    • pp.92-100
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    • 2002
  • In respect of global environment protection and efficient utilization of energy, co-generation systems, which have greatly higher efficiency than the other generations, have been developed and put to practical use. Assuming that the co-generation system would be operating in H-Department of Kwang-ju city, this paper calculates the difference between the heat and electricity rates by the conventional method and the co-generation system considers the cost of new investment and analyzes introduction economics based on the return on investment. The introduction is turned out to be recommendable, since the return of investment for co-generation equipment is about five years when the co-generation profits in heat and electricity rate. Additionally, accounting for interest rate drop, improvement of environmental matters or electricity rate increase, it is shown to be even more economical.

A Study on Economic Analysis for Hotel Introduction of Co-generation System (호텔에 열병합 도입에 따른 경제성 분석에 관한 연구)

  • 김응상
    • Journal of Energy Engineering
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    • v.11 no.3
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    • pp.210-215
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    • 2002
  • In respect of global environment protection and efficient utilization of energy, co-generation systems, which have greatly higher efficiency than the other generations, have been developed and put to practical use. Assuming that the co-generation system would be operating in Park Hotel, this paper calculates the difference between the heat and electricity rates by the conventional method and the co-generation system, considers the cost of new investment and analyzes introduction economics based on the return on investment. The introduction is turned out to be recommendable, since the return of investment for co-gen oration equipment is about ten years when the co-generation profits in heat and electricity rate. Additionally, accounting for interest rate drop, improvement of environmental matters or electricity rate increase, it is shown to be even more economical.

Discourse Analysis of Environmental Regulations and Technological Innovation for Corporate Competitiveness

  • KIM, Won-Seok;CHOI, Choongik
    • East Asian Journal of Business Economics (EAJBE)
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    • v.9 no.4
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    • pp.17-28
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    • 2021
  • Purpose - This article aims to explore the mechanism in which environmental regulations have positive effects on corporate competitiveness through technological innovation. This study also attempts to examine the relationship between environmental regulation and corporate competitiveness from a technological innovation perspective and explore a desirable relationship between those two. Research design, data, and methodology - Discourse analysis and SWOT analysis is used in terms of methodology, and this study is based on literature review theoretically. The methodology is employed in various ways to describe a variety of environmental issues. Result - The results support that technological innovation is able to play a role in coordinating relationship between environmental regulations and corporate competitiveness. The uncertainty and time lag problems innate to technological innovation function as disturbing factors for individual companies to actively increase R&D investment in response to environmental regulations. Environmental regulations may be considered to be working as a factor consolidating corporate competitiveness through technological innovation to respond to the environmental regulations including climate change issue. Conclusion - This study proposes that to achieve two goals of environmental protection and corporate competitiveness consolidation, policy support from various aspects is implied to be required. This implies that environmental regulations and technical innovation must be harmoniously balanced for future corporate success.

An Application of Fuzzy Control Models to Inland Drainage Pumping Stations with Different Characteristics for Protection of Inland Flooding (상이한 제원특성을 가진 빗물펌프장에서의 퍼지제어모형 적용)

  • Shim, Jae Hyun;Lee, Won Hwan;Cho, Won Cheol
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.13 no.3
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    • pp.107-118
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    • 1993
  • Continuous increasing of impervious area due to urbanization and rainfall quantity due to environmental changes aggravate flooding risk in low land area. Therefore. Seoul municipal authorities go on securing an ample budget for reinforcement and establishment of inner water and inland drainage pumping facilities. But. there is no investment for developing optimal operation rules for appropriate application of existing facilities. In this study. fuzzy control techniques are developed. and applied to 57 stations of inner water and inland drainage pump for model assessment. In these results. fuzzy models have more efficiency in the inland flooding protection than the existing pump operation rule by water level in the same conditions.

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