异质性环境规制对企业绿色创新的影响研究——来自重污染行业上市公司的经验证据
Research on the Impact of Heterogeneous Environmental Regulation on Corporate Green Innovation——Empirical evidence from listed companies in heavily polluting industries
唐洋 1胡晴 1舒祎祎1
作者信息
- 1. 南华大学 经济管理与法学学院,湖南 衡阳 421001
- 折叠
摘要
文章以2013-2020 年我国沪深A股上市的重污染企业为研究对象,实证检验异质性环境规制、融资约束和企业绿色创新三者之间的关系.研究发现:命令控制型和市场激励型环境规制能够显著促进企业绿色创新,融资约束在环境规制与企业绿色创新的关系中起到显著的部分中介作用.此外,在国有企业和非国有企业中环境规制对企业绿色创新均存在促进作用,且融资约束均存在显著的中介作用.在东部地区,环境规制的增强能够通过降低企业的融资约束程度来促进企业的绿色创新,而在中西部地区环境规制虽能够促进企业绿色创新,但融资约束的中介效应不显著.
Abstract
Taking the heavy polluters listed in China·s Shanghai and Shenzhen A-shares from 2013 to 2020 as the research ob-ject,the study empirically examine the relationship among heterogeneous environmental regulation,financing constraints and corporate green innovation.It is found that command-and-control and market incentive environmental regulations can significantly promote corpo-rate green innovation,and financing constraints play a significant partial mediating role in the relationship between environmental regu-lations and corporate green innovation.In addition,in both state-owned enterprises and non-state-owned enterprises,environmental regulation can promote corporate green innovation,and financing constraints play a significant mediating role;in the eastern region,the enhancement of environmental regulation can promote corporate green innovation by reducing the degree of corporate financing con-straints,while in the central and western regions,although environmental regulation can promote corporate green innovation,the medi-ating effect of financing constraints is not significant.
关键词
命令控制型环境规制/市场激励型环境规制/绿色创新/融资约束Key words
command-and-control environmental regulation/market incentive environmental regulation/green innovation/financing constraints引用本文复制引用
基金项目
湖南省社会科学成果评审委员会课题项目(XSP2023GLZ022)
湖南省自然科学基金项目(2023JJ30520)
出版年
2024
国家科技期刊平台
NSTL
万方数据