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作 者:程华 樊沁怡 龚强 Cheng Hua;Fan Qinyi;Gong Qiang(Wenlan School of Business,Zhongnan University of Economics and Law;School of Finance,Nankai University)
机构地区:[1]中南财经政法大学文澜学院 [2]南开大学金融学院
出 处:《经济科学》2023年第5期183-198,共16页Economic Science
基 金:国家自然科学基金面上项目“创新驱动发展的财政金融激励机制研究——基于产业风险与信息特性的视角”(项目编号:71773143);收入分配与现代财政学科创新引智基地“高等学术之创新引智计划”(项目编号:B20084);湖北省重大调研课题基金项目“湖北加快数字赋能、数字化转型问题研究”(项目编号:2021J03-4)的资助。
摘 要:本文利用新颖的企业排污和媒体报道数据研究地方政府环境关注度如何影响企业减排绩效,以揭示国有企业在执行政府环境政策中的独特作用。研究发现,相比非国有企业,地方政府环境关注度与国有企业排污量呈现更强的负相关关系;地方政府环境关注度可以影响国有企业排污量,最终降低这些企业的生产利润,这部分解释了地方政府和国有金融机构为何给它们提供经济支持。政府环境关注度增强时,成立年份较早、上年污染较多、总资产规模较大的国有企业减排量更大。媒体监督是影响企业排污行为的一个渠道。In order to explore the unique role of state-owned enterprises(SOEs)in implementing the government's environmental policy,this paper studies the effects of local governments'environmental attention on firms'environmental performance using novel data on firms'pollution and media coverage.The results are as follows.(1)Compared with non-SOEs,there is a stronger negative correlation between the SOEs'pollution and the intensity of local governments'environmental attention.(2)Compared with non-SOEs,there is a stronger negative correlation between the SOEs'profits and the intensity of local governments'environmental attention.This finding partially explains why local governments and state-owned financial institutions provide financial support to SOEs.(3)When local governments'environmental attention increases,SOEs that were established in an earlier year,had more pollution in the previous year,and had large total assets will reduce pollution more significantly.(4)The effectiveness of local governments'environmental attention is transmitted through mass media,which in turn affects corporate pollutant emissions.
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