摘要
发挥政府引导基金的政策效应是促进企业实现绿色转型发展的重要途径.基于2010-2020 年我国A股得到政府引导基金支持的重污染上市企业数据,利用倾向得分匹配-双重差分模型(PSM-DID)实证检验政府引导基金对重污染企业绿色技术创新的作用.结果表明:政府引导基金能够促进企业绿色技术创新,研发投入是政府引导基金促进企业绿色技术创新的重要途径,行业集中度能够强化政府引导基金的政策效应,政府引导基金可以显著促进东部地区企业和化工类企业的绿色技术创新.应强化政府引导基金的设立,掌握好政府引导基金的投资规模和流向,提高政府引导基金的引导效果,平衡好区域和行业发展,助力经济高质量发展.
Abstract
Leveraging the policy effects of government guided funds is a crucial avenue to facilitate enterprises in achieving green transformation and development.Based on data from heavily polluting listed companies on the A-share market in China that received support from government guided funds from 2010 to 2020,this study employs the Propensity Score Matching-Double Difference(PSM-DID)model to empirically examine the role of government guided funds in fostering green technological innovation in heavily polluting enterprises.The results indicate that government guided funds can stimulate green technological innovation in enterprises.Research and development(R&D)investment serves as a significant pathway through which government guided funds promote green technological innovation.Additionally,industry concentration can reinforce the policy effects of government guided funds,and such funds can significantly boost green technological innovation in enterprises located in eastern regions and those in the chemical industry.Therefore,it is imperative to strengthen the establishment of government guided funds,oversee the scale and direction of their investments,enhance their guiding effectiveness,balance regional and industrial development,and contribute to high-quality economic growth.
基金项目
甘肃省教育揭榜挂帅项目(2021-jyjbgs-08)
甘肃省软科学研究计划(20CX9ZA049)
兰州财经大学绿色金融创新研究团队项目(2020CXTD09)
国家科技期刊平台
NSTL
维普
万方数据