碳排放权交易政策促进企业绿色双元创新了吗?  

Has the Carbon Emission Trading Policy Promoted Firms’Green Dual Innovation?

作　　者：朱艳丽 张群芳[1] 姚遥 ZHU Yanli;ZHANG Qunfang;YAO yao(Business School,Hohai University,Nanjing 211100,China;Fujian Key Laboratory of Statistical Science,Xiamen 361005,China)

机构地区：[1]河海大学商学院,江苏南京211100 [2]福建省统计科学重点实验室(厦门大学),福建厦门361005

出　　处：《大连理工大学学报(社会科学版)》2025年第1期65-76,共12页Journal of Dalian University of Technology(Social Sciences)

基　　金：教育部人文社会科学研究青年基金项目“多重空间关联网络视角下我国地方政府债务风险传染研究”(22YJC790193);福建省统计科学重点实验室(厦门大学)开放课题资助项目“空间交互视角下企业创新绩效评价研究”(2019005)。

摘　　要：“双碳”目标背景下,碳排放权交易作为典型的市场型环境规制手段,能否推动企业绿色双元创新是学术界的重要议题。基于2006~2020年中国上市企业面板数据,通过手动整理碳排放权交易试点市场所覆盖的控排企业,借助多时点DID模型,探究了该政策对企业绿色双元创新(探索式与利用式绿色创新)的影响。此外,进一步考察了碳配额分配机制、碳价以及企业自身特征对政策激励效果的差异化影响。实证结果表明:碳排放权交易试点政策显著促进了企业绿色双元创新,尤其是探索式绿色创新;基线法和高碳价情景下,政策对探索式绿色创新的激励作用更强;政策对提升非国有企业和大规模企业的探索式绿色创新的作用更加明显。最后,基于以上结论提出相应的政策建议。Under the background of"dual carbon"goals,the effectiveness of Carbon Emission Trading Policy,as a representative market-oriented environmental regulation in promoting corporate green innovation,has become a debatable topic in the academic research.Based on the panel data of Chinese listed firms from 2006 to 2020,this paper employs a staggered DID model to investigate the impact of the Carbon Emission Trading Pilot Policy on firms’green dual innovation(exploratory and exploitative green innovation)by manually sorting out controlled firms in the Carbon Emission Trading Pilot Market.Furthermore,this study examines the heterogeneity effects of carbon quota allocation mechanisms,carbon price levels,and firm characteristics on the policy incentive effect.The empirical results reveal the following insights.Firstly,the Carbon Emission Trading Policy significantly promotes firms’green dual innovation,with a more pronounced effect observed in exploratory green innovation.Secondly,compared with the historical method,the incentive effect of the Carbon Emission Trading Policy on firms’exploratory green innovation is more prominent under the baseline method.Thirdly,the promotion effect of the Carbon Emission Trading Policy on firms’exploratory green innovation is more significant under the scenario of high carbon price.Lastly,from the perspective of firms’characteristics,the Carbon Emission Trading Policy is more conducive to enhancing the exploratory green innovation level of non-state-owned and large-scale firms.

关 键 词：碳排放权交易政策 绿色双元创新 多时点DID 碳配额分配机制 碳价 

分 类 号：F062.2[经济管理—政治经济学]