Research on the influence of safety investment on enterprise value of coal enterprises
Zhang Ziwei
Li Gang
Abstract：Select the data of Shanghai and Shenzhen A-share listed companies in the coal industry from 2014 to 2021 as the research sample,use the panel data regression model,empirically analyze the impact of safety investment on the enterprise value of coal enterprises,and use ownership concentration as moderating variable to analyze the moderating effect of ownership concentration on the relationship between safety investment and enterprise value of coal enterprises.The research results show that safety investment of coal enterprises is significantly positively correlated with the enterprise value,and ownership concentration is significantly negatively correlated with the enterprise value.Further research has found that ownership concentration can promote the positive impact of safety investment on the enterprise value of coal enterprises,with a significant positive moderating effect.On this basis,corresponding suggestions are proposed:increasing safety investment in coal enterprises,optimizing the company's equity structure,and improving legal and regulatory systems,in order to improve the safety production level of coal enterprises and promote the sustainable development of coal enterprises.
Keywords：safety productionsafety investmentownership concentrationenterprise valuecoal enterprises
Publication Date：2023-05-20
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：6( 82-87 )