混合所有制改革能促进企业绿色技术创新吗?——来自中国上市公司的经验证据

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国家科技期刊平台
NETL
NSTL
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中文摘要：在既定的资源约束下，不同类型企业开展绿色技术创新的战略意愿与动力明显不同，因此从混合所有制改革的视角深入剖析如何提升企业绿色技术创新意愿与动力成为重要研究议题。该研究以2013-2020年中国沪深A股上市公司为实证研究样本，考察了混合所有制改革对企业绿色技术创新的影响及其内在机理。研究结果表明:①混合所有制改革显著促进了企业绿色技术创新，在考虑稳健性检验和内生性问题后研究结论依然成立。②内在机制检验结果表明，混合所有制改革主要通过强化内部控制水平、提高企业社会责任表现、促进企业环保投入的三重机制促进企业绿色技术创新，即混合所有制改革对企业绿色技术创新具有公司治理效应、利益相关方价值效应和资源配置效应。③异质性分析表明，在低市场化程度地区、竞争强度更大行业和环保敏感度更高行业中，混合所有制改革对企业绿色技术创新的促进效应更为明显。④进一步分析表明，非国有企业混合所有制改革对企业绿色技术创新的促进效应更为明显，且经济后果检验结果表明，混合所有制改革能够通过促进企业绿色技术创新最终提高企业财务绩效。该研究为深入推进混合所有制改革的绿色价值效应提供了经验证据，也为分类推进不同类型企业的混合所有制改革以促进企业绿色技术创新提供理论参考。

外文标题：Can mixed ownership reform promote corporate green technology innovation?empirical evidence from Chinese listed companies

外文摘要：Under established resource constraints,different types of enterprises have significantly different strategic intentions and mo-tivations for pursuing green technology innovation.Therefore,an in-depth analysis of how to enhance the willingness and motivation of enterprises for green technology innovation from the perspective of mixed ownership reform has become an important research topic.This article used Chinese A-share listed companies in Shanghai and Shenzhen from 2013 to 2020 as empirical research samples to ex-amine the impact of mixed ownership reform on corporate green technology innovation and its internal mechanisms.The research re-sults indicated that:① The reform of mixed ownership significantly promoted corporate green technology innovation,and this conclu-sion remained valid after considering robustness testing and endogeneity issues.② The internal mechanism test results indicated that mixed ownership reform promoted corporate green technology innovation mainly through three mechanisms:strengthening internal con-trol levels,improving corporate social responsibility performance,and promoting environmental protection investment.That is,mixed ownership reform had corporate governance effects,stakeholder value effects,and resource allocation effects on corporate green technol-ogy innovation.③ Heterogeneity analysis showed that in areas with low levels of marketization,industries with higher competition inten-sity,and industries with higher environmental sensitivity,mixed ownership reform had a more significant promoting effect on corporate green technology innovation.④ Further analysis showed that the mixed ownership reform of non-state-owned enterprises had a more sig-nificant promoting effect on corporate green technology innovation,and the economic consequences test results showed that mixed own-ership reform could ultimately improve corporate financial performance by promoting green technology innovation.This study provides empirical evidence for further promoting the green value effect of mixed ownership reform in the new development stage and also pro-vides a theoretical reference for systematically promoting the mixed ownership reform of different types of enterprises in promoting cor-porate green technology innovation.

外文关键词：

mixed ownership reformcorporate green technology innovationequity subject diversityinternal controlcorporate social responsibilityenvironmental protection investment

作者：

阳镇、李井林、陈劲

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作者单位：

中国社会科学院工业经济研究所,北京 100006

清华大学技术创新研究中心,北京 100084

湖北经济学院会计学院,湖北武汉 430205

清华大学经济管理学院,北京 100084

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关键词：

混合所有制改革企业绿色技术创新股权主体多样性内部控制企业社会责任环保投入

基金：

中国社会科学院"青启计划"项目中国社会科学院登峰战略企业管理优势学科建设项目国家社会科学基金重大项目

项目编号：

2024QQJH107DF2023YS2523ZDA062

出版年：

2024

DOI：

10.12062/cpre.20231225

中国人口·资源与环境

中国可持续发展研究会山东省可持续发展中心中国21世纪议程管理中心山东师范大学

中国人口·资源与环境

CSTPCDCSSCI北大核心

影响因子：3.126

ISSN：1002-2104

年,卷(期)：2024.34(6)