绿色技术创新对融资约束的影响研究  

Research on the Impact of Green Technology Innovation on Financing Constraints

作　　者：蒋定福 赵佳瑞 邹永豪 Jiang Dingfu;Zhao Jiarui;Zou Yonghao(College of Business,Jiaxing University,Jiaxing,Zhejiang 314001;School of Economics and Management,Anhui Normal University,Wuhu,Anhui 241003)

机构地区：[1]嘉兴大学商学院,浙江嘉兴314001 [2]安徽师范大学经济管理学院,安徽芜湖241003

出　　处：《嘉兴大学学报》2025年第2期100-111,共12页Journal of Jiaxing University

基　　金：嘉兴大学人文社科“青优人才”专项研究课题(007JKY048AW);嘉兴大学研究生重点创新项目(PSRPIP2024012B)。

摘　　要：基于2013年至2022年中国A股上市公司的数据,采用计量经济方式就绿色技术创新对融资约束的影响进行实证研究。研究发现,绿色技术创新的成果能有效地减少企业的资金约束;在这一过程中,企业社会责任扮演了部分中介作用;而供应链的集中程度则作为调节变量,影响着两者间的关系。进一步分析发现,不同生命周期的企业在绿色技术创新对融资约束的缓解效果上存在差异,其中,成长期企业效果更佳。Based on data from China's A-share listed companies from 2013 to 2022,this paper uses econometric methods to empirically study the impact of green technology innovation on financing constraints.It is found that the results of green technology innovation can effectively reduce the financial constraints of enterprises.In this process,corporate social responsibility plays a partial mediating role.The concentration degree of the supply chain,as a moderating variable,affects the relationship between green technology innovation and financing constraints.Further analysis shows that enterprises at different stages of their life cycle exhibit varying degrees of effectiveness in reducing financing constraints through green technology innovation,with enterprises in the growth stage showing the best results.

关 键 词：绿色技术创新 企业社会责任 融资约束 供应链集中度 

分 类 号：F273.1[经济管理—企业管理]