环保投资、异质性环境规制与企业高质量发展——基于调节效应与门槛效应的实证研究  

Environmental protection investment,heterogeneous environmental regulation and high-quality development of enterprises——An empirical study based on the moderating effect and the threshold effect

作　　者：钟菁 常媛[1] 刘亦晴[1,2] ZHONG Jing;CHANG Yuan;LIU Yiqing(School of Economics and Management,Jiangxi University of Science and Technology,Ganzhou 341000,China;Mining Development Research Center,Jiangxi University of Science and Technology,Ganzhou 341000,China)

机构地区：[1]江西理工大学经济管理学院,江西赣州341000 [2]江西理工大学矿业发展研究中心,江西赣州341000

出　　处：《资源开发与市场》2024年第11期1665-1673,共9页Resource Development & Market

基　　金：国家社会科学基金项目(编号:21BGL187);江西省高校人文社会科学重点研究基地项目(编号:JD22047);江西省研究生创新专项资金项目(编号:YC2023-S620)。

摘　　要：绿色是高质量发展的底色,如何实现经济与环境协同共进已成为社会关注重点。以2015—2022年重污染企业数据为样本,实证检验环保投资、异质性环境规制与企业高质量发展三者间的关系。研究发现:(1)环保投资显著促进企业高质量发展;(2)不同类型环境规制对两者关系存在调节效应差异。命令控制型和公众参与型环境规制弱化了环保投资的促进效应,市场激励型环境规制则强化这一效应;(3)不同类型环境规制在两者关系中发挥了门槛效应。命令控制型环境规制低于门槛值3.850时,环保投资的促进效应最佳,但目前我国多省环境政策实施力度过犹不及;公众参与型环境规制小于门槛值4.883时,环保投资的促进效应最优;市场激励型环境规制存在双重门槛,随着实施效果的提升,环保投资促进效应呈边际递增态势,而当前此类环境工具的治理效果有待优化。Green is the bottom color of high-quality development,and how to realize the synergy between economy and environ-ment has become the focus of social concern.This paper took the data of heavy polluting enterprises from 2015 to 2022 as a sample to empirically test the relationship among environmental protection investment,heterogeneous environmental regulation and high-quality development of enterprises.The results showed that:①Environmental investment significantly promoted high-quality development of enterprises.②Different types of environmental regulations had different moderating effects on the relationship between the two.Com-mand-and-control and public-participation environmental regulations weakened the promotional effect of environmental invest-ments,market-incentive environmental regulation strengthened this effect.③Different types of environmental regulations had a thresh-old effect on the relationship between the two.When the command-and-control environmental regulation was lower than the threshold value of 3.850,the promotion effect of environmental protection investment was the best,but the implementation of environmental poli-cies in many provinces in China was too much;when the public-participation environmental regulation was less than the threshold val-ue of 4.883,the promotion effect of environmental protection investment was optimal;there were double thresholds in market-incentive environmental regulation,with the improvement of its implementation effect,the promotion effect of environmental protection investment showed a marginal increasing trend,but the current governance effect of such environmental tools needed to be optimized.

关 键 词：环保投资 企业高质量发展 异质性环境规制 

分 类 号：F272.7[经济管理—企业管理]