环境分权与企业创新：促进抑或阻碍——基于环境信息披露质量的中介效应分析

当代财经 ›› 2020, Vol. 0 ›› Issue (4): 113-124.

环境分权与企业创新：促进抑或阻碍——基于环境信息披露质量的中介效应分析

罗斌¹, 凌鸿程², 苏婷³

1.暨南大学产业经济研究院,广东广州 510632;
2.江西财经大学产业经济研究院,江西南昌 330013;
3.上海财经大学商学院,上海 200433

收稿日期:2019-11-29 修回日期:2020-03-12 出版日期:2020-04-15 发布日期:2020-12-11
通讯作者: 凌鸿程,江西财经大学讲师,经济学博士,主要从事企业创新研究,联系方式breezelhc@163.com
作者简介:罗斌,暨南大学博士研究生,主要从事环境经济研究;苏婷,上海财经大学博士研究生,主要从事互联网金融及声誉机制研究。
基金资助:
国家自然科学基金项目“中国售后市场反垄断研究”（71663020）

Environmental Decentralization and Enterprise Innovation: Facilitating or Impeding?Based on the Mediating Effect Analysis of the Environmental Information Disclosure Quality

LUO Bin¹, LING Hong-cheng², SU Ting³

1. Jinan University, Guangzhou, 510632;
2. Jiangxi University of Finance and Economics, Nanchang 330013;
3. Shanghai University of Finance and Economics, Shanghai 200433, China

Received:2019-11-29 Revised:2020-03-12 Online:2020-04-15 Published:2020-12-11

摘要/Abstract

摘要： 环境管理模式一直是学术界研究的焦点问题。以企业创新为切入点,构建了一个环境分权影响企业创新的理论模型,并使用2008—2015年沪深A股上市公司的数据进行实证检验,考察环境分权对企业创新的影响、作用机制以及产权性质、盈利能力的调节作用。研究结果表明：环境分权抑制而非促进企业创新,而且环境分权对企业创新的抑制作用存在异质性,即在非国有企业和盈利能力强的企业中更明显。进一步研究发现,环境分权抑制企业创新的内在机制在于,环境分权降低了企业环境信息披露质量,进而对企业创新产生阻碍作用。

关键词: 环境分权, 创新产出, 环境信息披露质量, 中介效应

Abstract: Environmental management mode has always been a focus among academic researches. This paper takes enterprise innovation as the starting point and constructs a theoretical model of the influence of environmental decentralization on enterprise innovation, then it conducts an empirical test by using the data of Shanghai and Shenzhen A-share listed companies from 2008 to 2015 to investigate the impact of environmental decentralization on enterprise innovation, the mechanism of action, and the regulating effect of property right nature and profitability. The results show that environmental decentralization inhibits rather than promotes enterprise innovation, and there is certain heterogeneity in the inhibitory effect of environmental decentralization on enterprise innovation, that is, it is more obvious in non-state-owned enterprises and enterprises with strong profitability. The results of further study show that the internal mechanism of environmental decentralization to inhibit enterprise innovation lies in that environmental decentralization can reduce the quality of enterprise environmental information disclosure, thereby hindering enterprise innovation.

Key words: environmental decentralization, innovation output, environmental information disclosure quality, mediating effect

中图分类号:

X322
F424

罗斌, 凌鸿程, 苏婷. 环境分权与企业创新：促进抑或阻碍——基于环境信息披露质量的中介效应分析[J]. 当代财经, 2020, 0(4): 113-124.

LUO Bin, LING Hong-cheng, SU Ting. Environmental Decentralization and Enterprise Innovation: Facilitating or Impeding?Based on the Mediating Effect Analysis of the Environmental Information Disclosure Quality[J]. Contemporary Finance & Economics, 2020, 0(4): 113-124.

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