Using data from Chinese A-share listed companies from 2007 to 2022 as a sample,this paper employs machine learning text analysis methods to identify environmental news reports and their sentiment.It empirically examines the impact of media environmental reporting on corporate green technology innovation and explores the underlying mechanisms.Results show that both positive media environmental reporting and negative media environmental reporting can promote corporate green technology innovation.The mechanism analysis shows that positive media environmental reporting can increase corporate green credit limits and investment in green technology innovation,while negative media environmental reporting can mitigate managerial myopia and improve corporate environmental responsibility performance.In terms of heterogeneity analysis,negative policy-oriented media coverage and positive financial media coverage are more likely to promote the quantity and quality of corporate green technology innovation.
关键词
媒体环境报道/媒体情绪/企业绿色技术创新/专利数量/专利质量
Key words
media environmental reporting/media sentiment/corporate green technology innovation/patent quantity/patent quality
万方数据