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中国制造业上市公司绿色创新投入与产出关系研究——基于融资约束和战略激进的调节作用 被引量:9

Research on Relationship between Green Innovation Input and Output of China's Listed Manufacturing Companies
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摘要 长期以来中国主要依靠丰富资源和大量廉价劳动力的双重优势取得了经济的飞速发展,但同时对整体资源环境也产生了极大的破坏,传统的“先污后治”模式已经成为中国经济发展的绊脚石。本文通过对2015—2020年制造业上市公司的面板数据进行调节效应以及门槛回归检验,探讨融资约束、战略激进对绿色创新投入和产出关系的作用。研究发现:绿色创新投入对绿色创新产出具有显著的正向影响;融资约束及战略激进对绿色创新投入和产出的关系均起到负向调节作用并存在门槛效应。据此,提出相关建议:企业应加大绿色创新活动投入,开展产学研合作,提升绿色创新转化能力;建立相应的融资管控机制,严格管控企业投资方向;制定适合本企业的科学战略,优化现有的企业战略。 For a long time,China has achieved rapid economic development mainly by relying on the dual advantages of rich resources and lots of cheap labor force,but at the same time,it has caused great damage to the overall resources and environment.The traditional mode of"pollution first,treatment later"has become a stumbling block to China's economic development.This paper discusses the role of financing constraints and strategic radicalization on the relationship between the input and output of green innovation by examining the adjustment effect of the panel data and the threshold regression test of the listed manufacturing companies from 2015 to 2020.It is found that the green innovation input has a significant positive impact on the green innovation;financing constraints and strategic aggressiveness both play a negative role in regulating the relationship between the input and output of green innovation and have a threshold effect.Accordingly,relevant suggestions are put forward:enterprises should increase investment in green innovation activities,carry out industry-university-research cooperation,and improve the ability of green innovation transformation;establish corresponding financing control mechanism and strictly control the investment direction;formulate scientific strategy suitable for the enterprise and optimize the existing enterprise strategy.
作者 周小刚 李响 Zhou Xiaogang;Li Xiang
出处 《企业经济》 北大核心 2023年第3期37-47,共11页 Enterprise Economy
基金 国家自然科学基金项目“数字经济时代人力资源服务业和先进制造业融合发展路径研究”(项目编号:72263009) 国家自然科学基金项目“人力资本服务企业竞争力演化和产业结构升级研究”(项目编号:71863007)。
关键词 绿色创新投入 绿色创新产出 融资约束 战略激进 green innovation investment green innovation output financing constraints strategic radicalism
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