摘要
本文基于2014—2023年A股上市公司数据,探讨行政命令型、市场激励型和非正式型三种环境规制对企业绿色技术创新的影响。研究发现,三类环境规制均与企业绿色技术创新呈显著正相关关系,表明环境规制对企业绿色技术创新发挥积极的促进作用。进一步分析显示,高管绿色认知在三种环境规制与企业绿色技术创新的关系中起正向调节作用。异质性分析表明,行政命令型环境规制和市场激励型环境规制对非重污染行业、非国有企业、非长江经济带企业及高研发密集度企业的绿色技术创新促进作用更显著,而非正式型环境规制对重污染企业、国有企业、长江经济带企业及低研发密集度企业的绿色技术创新的促进作用更显著。拓展性分析发现,三类环境规制可以通过促进企业绿色技术创新提升企业新质生产力水平。本研究为政府部门制定差异化环境政策提供了支持,也为企业响应环境规制政策、促进绿色技术创新和提升新质生产力水平提供了实践指导。
This study investigates the impact of three types of environmental regulations—command-and-control,market-based,and informal—on corporate green technological innovation using data from A-share listed companies in China from 2014 to 2023.The results reveal that all the three types of environmental regulations are significantly positively correlated with corporate green technological innovation,indicating that environmental regulations play a positive role in promoting corporate green technological innovation.Further analysis shows that executives’green cognition moderates the relationship between the three types of environmental regulations and corporate green technological innovation in a positive manner.Heterogeneity analysis indicates that command-and-control and market-based environmental regulations have a more significant positive effect on green technological innovation in non-pollution-intensive industries,non-state-owned enterprises,firms outside the Yangtze River Economic Belt,and high R&D-intensive firms.In contrast,informal environmental regulations have a more pronounced positive effect on green technological innovation in pollution-intensive enterprises,state-owned enterprises,firms outside the Yangtze River Economic Belt,and low R&D-intensive firms.An extended analysis finds that environmental regulations can enhance corporates’new quality productive forces levels by promoting green technological innovation.This study provides empirical evidence for the formulation of differentiated environmental policies by government departments and offers practical guidance for how firms can respond to environmental regulations to promote green technological innovation and improve new quality productive forces levels.
作者
王鸿
张思琪
沙莹莹
WANG Hong;ZHANG Siqi;SHA Yingying(School of Economics and Management,Qiqihar University,Qiqihar,Heilongjiang 161006;Nenjiang River Basin Regional Innovation and Industrial Integration Development Laboratory,Qiqihar,Heilongjiang 161006)
出处
《商学研究》
2025年第5期30-48,共19页
Commercial Science Research
基金
齐齐哈尔大学研究生创新科研项目“数智化变革背景下装备制造业财务管理体系创新发展研究”(QUZLTS_CX2024071)。
关键词
环境规制
绿色技术创新
高管绿色认知
新质生产力
environmental regulation
green technological innovation
executives’green cognition
new quality productive forces
