地方政府环保关注度与企业绿色持续创新水平  

Local government environmental protection concern and corporate green sustainable innovation levels

作　　者：周泽将[1] 高雅萍 ZHOU Zejiang;GAO Yaping(School of Business,Anhui University,Hefei 230601,China;School of Economics,Anhui University,Hefei 230601,China)

机构地区：[1]安徽大学商学院,合肥230601 [2]安徽大学经济学院,合肥230601

出　　处：《系统工程理论与实践》2025年第1期17-35,共19页Systems Engineering-Theory & Practice

基　　金：国家自然科学基金(72172001);安徽省高校杰出青年基金(2022AH020001);安徽省自然科学基金优青项目(2208085Y22)。

摘　　要：企业持续开展绿色创新活动是推动经济绿色可持续发展的重要动力.本文以2009–2022年间中国资本市场A股上市公司为研究样本,实证检验地方政府环保关注度对企业绿色持续创新水平的影响.研究发现,地方政府环保关注度能够提升企业绿色持续创新水平,表现为地方政府环保关注度越强,企业绿色持续创新水平越高;区分企业绿色持续创新活动类型发现,地方政府环保关注度同时促进了源头管控绿色持续创新水平和末端治理绿色持续创新水平,但对源头管控绿色持续创新水平影响更明显;影响机制分析表明,地方政府环保关注度通过增加环保资源补偿与强化企业管理层环保认知,进而提升了企业绿色持续创新水平;进一步的异质性分析揭示,在CEO有绿色经历、稳定型机构投资者、重污染行业和环境重点保护城市的样本中,地方政府环保关注度对企业绿色持续创新水平的促进作用更为强烈.经济后果检验表明,地方政府环保关注度有利于提升企业环保绩效,能够改善企业环境表现、增加企业环境优势、降低企业污染物排放和环境治理费用.本文以企业绿色持续创新水平为切入点,探讨了地方政府环保关注度的微观层面经济后果,为当前推动经济向绿色可持续发展提供了理论参考.Corporate continuous green innovation activities are an important driver for promoting green and sustainable economic development.This paper uses a sample of A-share listed companies in China's capital market from 2009 to 2022 to empirically examine the influence of local government environmental protection concern on corporate green sustainable innovation levels.This study finds that local government environmental protection concern can enhance corporate green sustainable innovation levels,with stronger concern leading to higher levels of corporate green sustainable innovation.By distinguishing between types of corporate green sustainable innovation activities,the study finds that local government environmental protection concern promotes both upstream green sustainable innovation levels(source control)and downstream green sustainable innovation levels(end-of-pipe treatment),with a more pronounced impact on upstream green sustainable innovation levels.The analysis of the influencing mechanisms indicates that local government environmental protection concern improves corporate green sustainable innovation levels by increasing environmental resource compensation and strengthening managerial environmental awareness.Further heterogeneity analysis reveals that the positive impact of local government environmental protection concern on corporate green sustainable innovation levels is more pronounced in samples that CEOs with green experience,firms with stable institutional investors,heavily polluting industries,and cities with key environmental protection.The economic consequence test shows that local government environmental concern is beneficial for enhancing corporate environmental protection performance by improving corporate environmental outcomes,increasing corporate environmental advantages,and reducing corporate pollutant emissions and environmental governance costs.This paper uses the level of corporate green sustainable innovation as an entry point to explore the microeconomic consequences of local governmen

关 键 词：地方政府环保关注度 绿色持续创新水平 环保资源补偿 管理层环保认知 

分 类 号：F272[经济管理—企业管理]