首页|Do Political Connections Promote Innovation in Environmentally Polluting Enterprises?

Do Political Connections Promote Innovation in Environmentally Polluting Enterprises?

扫码查看
原文链接
  • NETL
  • NSTL
  • 万方数据
  • 维普
We use an unbalanced panel data analysis to examine the effect of political connections (PCs) in state-owned enterprises (SOE) and non-SOEs on the innovation of Chinese environmentally polluting enterprises listed on the Shanghai and Shenzhen Stock Exchanges from 2007 to 2016.Our sample consists of 792 firms and 4587 firm-year observations.There are several interesting findings.First,SOEs that are politically linked to the central government promote more innovation in general and more environmental innovation than SOEs without these links.Second,privately-owned enterprises (non-SOEs) with PCs promote less environmental innovation than non-SOEs without PCs.Third,environmental regulation does not affect the environmental innovation of SOEs but it drives non-SOEs with PCs to become more environmentally innovative.Our results enable us to better understand how PCs and regulations affect environmental innovation.

environmental innovationenvironmental regulationhighly polluting enterprisespolitical connections

Jianhua Zhang、Xiaoqing Li、Hung-Gay Fung、Penghua Qiao

展开 >

School of Economics and Management, Northeast Petroleum University, China

College of Economy and Management, Hebei University of Technology, China

College of Business Administration, University of Missouri-St.Louis, USA

School of Business and Economics, Kunming University of Science and Technology,China

展开 >

authors acknowledge financial support from the Heilongjiang Province Natural Science FundNortheast Petroleum University Innovation Team ProjectHumanity and Social Science Foundation of the Ministry of Education of Chinaand the National Natural Science Foundation of China

G2016002KYCXTD20180517YJC63011271702084

2019

中国与世界经济(英文版)
中国社会科学院 世界经济与政治研究所

中国与世界经济(英文版)

ISSN：1671-2234
年,卷(期)：2019.27(3)
  • 2
  • 2