政府环保补贴对企业业绩的影响——绿色创新的中介作用  

Impact of government environmental subsidies on corporate performance: the mediating role of green innovation

作　　者：李九斤[1,2] 张子华 LI Jiujin;ZHANG Zihua(School of Economics and Management,Northeast Petroleum University,Daqing 163318,China;Chinese Academy of Fiscal Sciences,Beijing 100142,China)

机构地区：[1]东北石油大学经济管理学院,黑龙江大庆163318 [2]中国财政科学研究院,北京100142

出　　处：《辽宁工程技术大学学报（社会科学版）》2024年第3期204-213,共10页Journal of Liaoning Technical University(Social Science Edition)

基　　金：教育部协同育人项目(202101143004);黑龙江省教改项目(SJGY20220257);黑龙江省教育厅项目(2023TSTD-01)。

摘　　要：基于A股制造业上市公司2015—2021年的面板数据,探究政府环保补贴对制造业企业业绩的影响及其影响机制。结果表明:政府环保补贴和企业业绩呈正相关关系,对制造业企业业绩起促进作用;机制检验表明,绿色创新在政府环保补贴对企业长期业绩的影响中起部分中介作用;异质性分析发现,政府环保补贴对非国有企业业绩的促进作用更为显著,对东部地区企业长期业绩提升作用更强,对大规模企业短期业绩的促进作用更大。Based on panel data of A-share manufacturing listed companies from 2015 to 2021,this study explores whether government environmental subsidies will affect the performance of manufacturing enterprises and their impact mechanisms.The results show that there is a positive correlation between government environmental subsidies and corporate performance,which promotes the performance of manufacturing enterprises;Mechanism testing shows that green innovation plays a partial mediating role in the impact of government environmental subsidies on long-term performance of enterprises;Heterogeneity analysis found that government environmental subsidies have a more significant promoting effect on the performance of non-state-owned enterprises,a stronger effect on the long-term performance improvement of enterprises in the eastern region,and a greater promoting effect on the short-term performance of large-scale enterprises。

关 键 词：环保补贴 制造业企业 企业业绩 绿色创新 

分 类 号：F810[经济管理—财政学]