环保机构垂直管理改革与企业绿色创新  

Vertical Management Reform of Environmental Protection Agencies and Corporate Green Innovation

作　　者：郑建明[1] 邓旭 ZHENG Jian-ming;DENG Xu

机构地区：[1]对外经济贸易大学国际商学院

出　　处：《科学决策》2024年第10期1-15,共15页Scientific Decision Making

基　　金：北京市社会科学基金决策咨询重点项目(22JCB044);对外经济贸易大学研究生科研创新基金项目(202442)。

摘　　要：在加快推进发展方式绿色转型的背景下,环境治理体系现代化是突破环境规制低效率困局的关键路径,而环保机构垂直管理改革是生态环境监管体制的重大创新。本文以2013-2021年A股上市公司为研究样本,基于各省市环保机构垂直管理改革实施方案在时间和空间上渐进颁布的准自然实验情境,借助多期三重差分法,探讨了环保机构垂直管理改革对企业绿色创新的影响。实证研究发现,环保机构垂直管理改革会对企业绿色创新产生促进作用。经过动态效应检验、安慰剂检验等一系列稳健性检验,影响效应仍然存在。机制分析表明,垂直管理改革有助于强化基层环保机构监管,弱化地方保护主义,从而增强污染企业的环境规制压力并促进企业绿色转型。异质性检验发现,改革的正向影响在样本所处地区市场化水平较低、地方政府经济竞争压力较大、国有企业、融资约束较弱的企业等情况下更加明显。本文不仅为促进企业绿色创新提供了新的视角,也为理解环保机构垂直管理改革的政策效果贡献了经验证据,为进一步推进环保垂直监管提供了政策参考。In the context of accelerating the green transformation of development mode,the modernization of environmental governance system is the key path to break through the dilemma of low efficiency of environmental regulation.The vertical management reform of environmental protection agencies is a major innovation in the ecological environment supervision system.This paper takes A-share listed companies from 2013 to 2021 as the research sample,based on the quasi-natural experiment scenario in which the reform implementation plan in various provinces is gradually promulgated in time and space,and with the help of staggered triple difference method,discusses the impact of vertical management reform of environmental protection agencies on corporate green innovation.We find that the vertical management reform of environmental protection agencies will promote corporate green innovation.After a series of robustness tests such as dynamic effect test and placebo test,the result still exists.Mechanism analysis shows that vertical management reform helps to strengthen the supervision of grassroots environmental protection agencies,weaken local protectionism,thereby enhancing the environmental regulation pressure of polluting enterprises and promoting their green transformation.The heterogeneity test shows that the positive impact of reform is more pronounced when the marketization level is lower,the economic competition pressure of local governments is greater,firms are state-owned and have weaker financing constraints.This paper not only provides a new perspective for promoting corporate green innovation,but also contributes empirical evidence for understanding the policy effect of vertical management reform of environmental protection agencies,and provides policy reference for further promoting vertical regulation.

关 键 词：环保机构垂直管理改革 绿色创新 地方保护主义 

分 类 号：F273.1[经济管理—企业管理]