Contemporary Finance & Economics ›› 2020, Vol. 0 ›› Issue (4): 113-124.

• Industry & Trade • Previous Articles     Next Articles

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. 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

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

CLC Number: