The Impact of Environmental Legislation in Shaanxi Province on Corporate Ecological Investment Decisions: From the Perspective of Environmental Responsibility Governance

Abstract

Shaanxi Province has issued environmental laws that set emission limits, standards for technology accessibility, rules on liability tracing, etc., and thus has had some effect on enterprises' ecological investment decisions. Under the rule of environmental responsibility, this paper studies how the stringency of laws has affected the internal allocation of corporate funds, changes in management incentives and investment thresholds, etc. Determine the intervention mode of the responsibility governance system on the sedimentation of ecological assets and the allocation of operational costs; investigate the shaping effect of compliance pressure on staged adoption of technologies; clarify the matching logic between responsibility tiers and investment cycles, etc. At the same time, we will also study the effect of legislative attributes on the marginal return of ecological investment, the positive correlation between the strength of liability traceability mechanisms and corporate willingness to protect ecological capital, and the disturbance and rebalancing mechanism of legislative update frequency on the stability of investment decisions. Therefore, it can be seen that the environmental regulations have increased the company's costs of compliance by making them more expensive and difficult to manage, thus altering investment plans and behaviour. Analysis of the Impact of Regional Environmental Laws on the Long-term Capital Allocation of Companies via the Chain of Responsibility Governance System.