重污染企业环保认知、基金持股与绿色创新  

Environmental Cognition,Fund Shareholding and Green Innovation of Heavy Polluting Enterprises

作　　者：符少燕 刘德海 黄福强 FU Shaoyan;LIU Dehai;HUANG Fuqiang(International Business School,Hainan University,Haikou,China;Business School,Nanjing University of Information Science&Technology,Nanjing,China)

机构地区：[1]海南大学国际商学院,570228 [2]南京信息工程大学商学院,210044

出　　处：《生态文明研究》2025年第1期109-124,共16页Journal of Eco-civilization Studies

基　　金：国家社会科学基金青年项目“碳中和目标约束下企业碳信息披露质量与外部监管机制研究”(批准号:21CTJ020);国家社会科学基金重大项目“新发展阶段军工企业高质量发展统计测度与实现路径研究”(批准号:21&ZD156)。

摘　　要：本文以2010—2022年中国重污染上市企业为样本,实证分析了重污染企业环保认知对绿色创新的影响,以及不同基金持股的交互作用。研究结果显示:(1)重污染企业内部环保认知促进了绿色创新。(2)外部基金持股促进了重污染企业绿色创新,与环保基金相比,非环保基金的绿色创新效应较弱。同时,重污染企业环保认知与两种基金持股均发挥了绿色创新协同效应。(3)异质性分析中,内外部绿色创新协同效应对非国有重污染企业和地方科技金融水平高的重污染企业更加显著。(4)机制分析中,重污染企业环保认知通过增强高管绿色创新意愿,促进绿色创新。同时,环保基金更重视企业绿色绩效。Taking China's heavily polluting listed enterprises from 2010 to 2022 as samples,this paper empirically analyzes the impact of internal environmental cognition of heavily polluting enterprises on green innovation,as well as the interaction with different fund holdings.The results show that:(1)Environmental cognition promotes green innovation of heavily polluting enterprises.(2)External fund holdings promote green innovation.Compared with environmental funds,the green innovation of non-environmental funds is weak.In addition,environmental cognition and fund holdings have played a synergistic role in green innovation.(3)in the heterogeneity analysis,The internal and external synergy effect of green innovation is more significant for non-state-owned heavy polluting enterprises and heavy polluting enterprises with high levels of local science and technology finance.(4)Further analysis shows that heavy polluting enterprises have environmental awareness may promote green innovation by enhancing the green innovation willingness of executives.Meanwhile,compared with non-environmental funds,environmental funds pay more attention to enterprise green performance.

关 键 词：重污染企业环保认知 绿色创新 环保基金 非环保基金 

分 类 号：F062.2[经济管理—政治经济学]