碳中和目标下绿色投资与企业环境治理——基于技术创新的中介效应检验

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摘要企业环境治理是实现环境高质量发展的重要因素,绿色投资和技术创新是影响企业环境治理的重要途径。在碳中和目标下,本文采用2012—2019年中国沪深A股上市制造业企业的平衡面板数据,构建包含政府监管、污染物排放信息、环境污染治理、披露载体及环境管理5个维度26项指标的评价体系,采用普通最小二乘法实证分析绿色投资与企业环境治理之间的因果关系及影响机理,并利用Probit模型和Bootstrap中介效应检验方法进行稳健性检验。研究表明:①制造业企业间环境治理水平差异较大且普遍较低,企业增加绿色投资能够显著提升环境治理水平;②中介效应表明,绿色投资可以加强企业进行技术创新的动机,技术创新在绿色投资与企业环境治理之间起部分中介作用,中介效应水平为19.89%,仍有较大提升空间。研究结论丰富了绿色发展相关理论研究,拓宽了环境治理领域的相关讨论。

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	李晓梅
	李曼曼

关键词 ：绿色投资, 企业环境治理, 技术创新, 碳中和, 中介效应

Abstract：Corporate environmental governance is an important factor of achieving high-quality environmental development,and green investment and technological innovation are ways to influence corporate environmental governance.In the context of carbon neutrality,this paper adopts balance panel data of China's Shanghai and Shenzhen A-share listed manufacturing companies from 2012 to 2019 to construct evaluation system including 26 indicators and 5 aspects named as government regulation,pollutant emission information,environmental pollution governance,disclosure carrier and environmental management,and uses the ordinary least square to explore the relationship and mechanism between green investment and corporate environmental governance and further uses the Probit model and Bootstrap intermediary effect test methods to test the robustness.The results show the followings.①The level of environmental governance among manufacturing enterprises varies greatly and is generally low.The increase of green investment by enterprises can significantly improve the level of environmental governance.②The intermediary effect shows that green investment stimulates the motivation of enterprises to carry out technological innovation,which plays a partial mediating role between green investment and corporate environmental governance,and the level of intermediary effect is 19.89 percent.There is still a lot of room for improvement.The research conclusions enrich the relevant theory on green development and broaden the related discussions in the field of environmental governance.

Key words： Green investment Corporate environmental governance Technological innovation Carbon neutrality Intermediary effect

收稿日期: 2021-12-08

PACS:

F062.4

基金资助:国家自然科学基金项目“分类制度下城市生活垃圾处理环境、经济和社会影响评价及技术政策优化”(52070091),辽宁省社会科学规划基金“辽宁战略新兴产业投入产出效率测度及高质量发展研究”(L19BJY028),辽宁省社科联项目“碳达峰与碳中和背景下辽宁绿色产业技术效率困境解构机理研究”(2022LSLYBKT-018)。

作者简介: 李晓梅(1974-),女,辽宁朝阳人,博士、教授、博士生导师,研究方向为技术经济评价与创新管理。

引用本文:

李晓梅, 李曼曼. 碳中和目标下绿色投资与企业环境治理——基于技术创新的中介效应检验[J]. 中国科技论坛, 2022(9): 118-127.
Li Xiaomei, Li Manman. Research on Green Investment and Corporate Environmental Governance Under the Target of Carbon Neutrality——Test of Intermediary Effect Based on Technological Innovation. , 2022(9): 118-127.

链接本文:

http://www.zgkjlt.org.cn/CN/Y2022/I9/118

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