Narrow capital structure and micro environmental m

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Capital Structure and narrow micro-environment management

Industry,[link widoczny dla zalogowanych], environmental costs, mainly the cost of environmental protection and environmental protection to maintain the increase in development costs, at which point the short term to bring the environmental management to enhance the competitiveness and did not show it, so there will be profits decline, but with the time, the positive effect of environmental management will be reflected gradually, not only will enhance their market share, but also would enhance the competitiveness of enterprises. The time of the relative environmental costs and the beginning of the implementation of environmental management of smaller, sustained increase in profits. It can be said to actively contribute to the organization of environmental management for sustainable development. Third, the equity capital than debt capital management strategy when the business environment in corporate finance debt capital than equity capital, the creditor participation in decision-making on corporate shareholders will be more high level of interest in decision-making will be strong, and more willing to protect their own interests. There have been benefits to the enterprise when the bulk of the shareholders was a loss of shareholders lost when the head of the phenomenon, so creditors do not want to add additional risk. Over time,[link widoczny dla zalogowanych], the smaller the likelihood of debt recovery, so only the accounts receivable accounting aging analysis. It can be that, under such a capital structure of corporate environmental management are mostly negative, passive, or Often they are only passively to achieve the existing environmental regulations, not sure of the environment-friendly consumer products and corporate trend of preference. (I) the impact of their own development. 1, the people and environment-friendly products and business preferences, the development of such enterprises will thus be restricted. Consumers believe that or get ISO14000 series of standards for environmental labeling and certification of enterprises, there are many countries prohibit the import of non-environmental labeling products. Thus, the survival of such enterprises is narrowing, and such negative environmental management is not conducive to enhancing enterprise competitiveness in the market, market share will gradually shrink. 2, the absence of a good implementation of environmental management, when the market, environmental regulations, environmental standards, the requirements of consumers increases, these companies often can not respond in a timely manner, even if they responded also lost the first machine. Fully two points is not difficult to find such environmental management on their own development is detrimental. (B) the cost of the enterprise to achieve the current requirements of environmental regulations environmental standards in this part of the environmental costs remains, as should the not meet this standard, companies can not exist. However, in order to prevent environmental pollution and destruction of the daily maintenance costs incurred and to the further development of environmental protection industry in research and development process resulting from the expenditure does not exist, then they save some of the environmental costs. Such savings can be only temporary, because there is no good prevention and to explore the environment, in the event of environmental pollution problems, the cost is very high. (C) the impact on corporate profits. From the profit perspective, as short-term cost savings within the environment so that the corresponding increase in profits. But in the long run, the decline in the competitiveness of enterprises, reduction of market share and consumer preferences may lead to lower profits, coupled with the lack of a good prevention of environmental pollution and destruction, the event of environmental accidents more likely, so environmental costs may also increase. These two factors, the long-term profits will reduce the possibility of more. From the above analysis, the negative environmental management and sustainable development of both the companies, the cost or profit for both negative. No matter what kind of capital structure of enterprises, in order to better development,[link widoczny dla zalogowanych], we must develop with the previous few characteristics with their business management strategies adapted to the environment. Strengthen environmental management will bring huge economic benefits companies. Although the implementation of environmental management company will invest some of manpower, material and financial resources, will to a certain extent the burden of business, but compared with the resulting economic, environmental and social benefits, it is only temporary, secondary. In the long run, the implementation of environmental management can help improve the environmental awareness of managers and employees, improve corporate image,[link widoczny dla zalogowanych], competitive advantage through the environment to win customers, improve international competitiveness and expand market share, and ultimately translate into a huge business economic benefits. Therefore,[link widoczny dla zalogowanych], enterprises should be combined with the actual situation, specific conditions, choose their own environment for enterprise management strategy. (Author: Xinjiang Medical University)