地方政府环境关注度促进企业绿色创新了吗?——来自A股上市公司的经验证据  

Does Local Governments'Attention to Environment Promote Firm's Green Innovation?Evidence from Chinese A-share Listed Firms

作　　者：阮青松[1] 谢远鑫 吕大永 Ruan Qingsong;Xie Yuanxin;Lv Dayong(School of Economics&Management,Tongji University;School of Financial Technology,Shanghai Lixin University of Accounting and Finance)

机构地区：[1]同济大学经济与管理学院,200092 [2]上海立信会计金融学院金融科技学院,200092

出　　处：《环境经济研究》2023年第3期1-26,共26页Journal of Environmental Economics

基　　金：国家自然科学基金项目“放宽涨跌幅限制、股价操纵与定价效率:来自科创板与创业板的证据”(72103139);教育部人文社会科学研究项目“我国股票市场发行注册制改革成效研究:来自科创板与创业板的证据”(21YJC790082);上海市教育委员会和上海市教育发展基金会“曙光计划”课题“科创板交易制度创新安排对定价效率的影响研究”(22SG55);上海市哲学社会科学规划课题“上海构建高端产业引领的产业发展体系研究:基于高端制造业与现代服务业深度融合的视角”(2020BJB019)的阶段性成果。

摘　　要：如何提高企业绿色创新水平是近年来广受学界关注的问题。文章利用2009—2020年我国沪深股市上市公司绿色专利数据,研究地方政府环境关注度对企业绿色创新的影响。实证结果表明:第一,地方政府环境关注度可以显著提升企业的绿色创新水平,且通过了一系列的稳健性检验。第二,地方政府环境关注度与企业绿色创新的正相关关系对于经济发达地区企业、披露环境信息企业、大规模企业以及未通过环境管理体系认证的企业更显著,意味着企业的“避免环境监管处罚”动机能较好地解释地方政府环境关注度与企业绿色创新的正相关关系。因此,提高地方政府环境关注度,加强地方政府环境监管对于提高企业绿色创新水平,加快建立生态友好型社会具有重要意义。Improving firm's green innovation has become a highly debated topic in academia in recent years.This paper explores the effect of the local governments'attention to environment on the firm's green innovation with a panel data of 297 Chinese cities over the period 20092020.We find the governments'attention to environment effectively promotes the firm's green innovation,this result stll holds after a series of robustness checks.The possible explanations show that firm carries out green innovation activities to avoid government environmental regulatory penalties.The positive correlation between the local governments'attention to environment and firm's green innovation is more pronounced for economically developed regions,environmental information disclosure firms,largescale enterprises,and those uncertified firms with environmental management systems.This suggests that the motivation of firms to avoid environmental regulatory penalties provides a plausible explanation for the positive relationship between local governments'attention to environment and firm's green innovation.Therefore,enhancing the local governments'attention to environment and strengthening their environmental monitoring efforts are of great significance in improving the level of corporate green innovation and expediting the establishment of an eco-friendly society.

关 键 词：地方政府环境关注度 企业绿色创新 调节效应 环境监管 

分 类 号：X322[环境科学与工程—环境工程] F273.1[经济管理—企业管理] F832.51[经济管理—国民经济]