生态系统生产总值核算能促进企业研发吗  

Can GEP Accounting Promote Corporate R&D

作　　者：戚逸康 Qi Yikang

机构地区：[1]中国证券监督管理委员会市场监管一司

出　　处：《金融经济学研究》2025年第2期89-100,共12页Financial Economics Research

基　　金：国家自然科学基金项目(71373011)。

摘　　要：生态系统生产总值核算(GEP)是贯彻落实“绿色”发展理念,为环境保护提供可依据的客观度量标准,而于近年在全国范围内持续推广的一项重要环保政策举措。以2021年深圳市落地GEP核算工作机制为准自然实验,应用双重差分法并结合倾向得分匹配,探究实施GEP核算对企业转型的影响。研究结果表明,GEP核算对企业转型有推动作用,表现在增加企业研发投入。异质性检验表明,核算实施能显著促进非绿色、非国有企业研发投入提升,但对绿色企业、国有企业影响不显著。建议进一步在全国推广GEP核算,助力企业转型,但面对存在潜在经营困难的非绿色企业、非国有企业,可适当出台相关配套政策,帮助其降低合规风险。Gross ecosystem product(GEP)accounting is an important environmental policy initiative that has been promoted nationwide in China in recent years to implement the concept of“green”development and provide an objective measurement standard for environmental protection.Taking the GEP accounting mechanism implemented in Shenzhen in 2021 as a quasi-natural experiment,this study applied difference-in-differences and propensity score matching to explore the impact of implementing GEP accounting on corporate transformation.The results showed that GEP accounting promoted corporate transformation,which was reflected in the increase in corporate R&D investment.A heterogeneity test showed that implementing GEP accounting can significantly promote the increase in R&D investment of non-green and non-state-owned enterprises but has insignificant effects on green and state-owned enterprises.Further promotion of GEP accounting across China to assist enterprise transformation is recommended.However,for non-green and non-state-owned enterprises with potential operating difficulties,relevant supporting policies can be appropriately introduced to help them reduce compliance risks.

关 键 词：生态系统生产总值 绿色发展 研发投入 双重差分法 

分 类 号：F205[经济管理—国民经济]