Impact of Environmental Economic Transformation Based on Sustainable Development on Financial Eco-Efficiency

Limei Yin and Jia Liu ()
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Limei Yin: School of Economics and Management, Harbin University, Harbin 150086, China
Jia Liu: School of Economics and Management, Harbin University, Harbin 150086, China

Sustainability, 2023, vol. 15, issue 1, 1-18

Abstract: The production and life of human beings are inseparable from the natural environment, and the current economic transformation is based on the sustainable development of the environment. However, the current environmental economic transformation lacks a corresponding evaluation model, so this paper aimed to explore the path of environmental economic transformation and analyze the impact of environmental economic transformation on financial eco-efficiency. Aiming at the transformation of environmental economy, this paper analyzed the relationship between the environmental quality and the transformation path and made a detailed analysis of the dynamic and static transformation process. After understanding the path of environmental economic transformation, this paper established a model to analyze the impact of eco-efficiency. In terms of indicators, this paper selected four indicators of environmental economic transformation: return on assets, gross margin of sales, period expense rate, and total asset turnover. Through data analysis, this paper discussed the impact of these four indicators on financial eco-efficiency. The experimental results show that the comprehensive coefficient of environmental and economic transformation indicators is 1.325 ( p < 0.001). This shows that the environmental economic transformation has a significant positive correlation with the financial eco-efficiency, that is to say, a good environmental economic transformation can increase the financial eco-efficiency index.

Keywords: sustainable development; environmental economic transformation; financial eco-efficiency; impact pathway analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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