Environmental Regulation,Ownership Structure,and Technological Innovation——On the Role of State owned Enterprise Reform
Environmental protection can promote resource conservation,technological progress,and the emergence of new industries.Using environmental protection to promote economic restructuring has become an inevitable trend in economic development.The Porter hypothesis suggests that environmental regulations not only improve the environment,but also pro-mote technological innovation and competitiveness of enterprises,achieving a win-win situation between environmental protec-tion and economic development.This article attempts to answer whether ownership structure affects the Porter effect in China,while controlling for important explanatory variables such as market competition intensity and entrepreneurial spirit.Research has found that although environmental regulations can to some extent promote enterprises to increase technological innovation,from the perspective of the economic nature of enterprises,the Porter effect of environmental regulations is influenced by the ownership structure,and the actual effect is reduced.The possible reason is that the current market competition environment in China is not yet efficient enough,and environmental regulations have different effects on state-owned enterprises and private enterprises,which overall drag down enterprise technological innovation.Therefore,it is necessary to accelerate the reform of state-owned enterprises,improve the market competition environment,strengthen environmental regulations in accordance with the law,and reduce the different environmental regulatory impacts caused by the different nature of enterprises.
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