环保约谈能否促进企业绿色投资
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1.内蒙古大学经济管理学院;2.内蒙古财经大学 会计学院

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F016

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国家自然科学基金项目(面上项目,重点项目,重大项目)


Can Environmental Protection Interview Promote Corporate Investment?
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1.School of Economics and Management, Inner Mongolia University;2.School of Accounting, Inner Mongolia University of Finance and Economics

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    摘要:

    环保约谈制度是为提高环境治理水平所实行的环境执法监督新方式,试图破解环境治理难题,提高环境治理绩效。但是,这一制度是否对环境污染释放的企业起到了督促作用?尤其是是否促进了企业的环保意识,强化了绿色投资转型?以及环保约谈对具备什么条件的企业转向绿色投资产生的影响更有效?目前理论界还缺乏系统研究。本文利用环保约谈所产生的准自然实验变化,以2012-2018年我国重污染行业上市公司为研究样本,考察环保约谈对企业绿色投资的影响。双重差分法的检验结果表明:在环保约谈所涉及城市的上市公司中,环保约谈促进了企业绿色投资。在此基础上,进一步检验发现,环保约谈对绿色投资的促进效果较为明显的企业主要来自于全要素生产率较高,行业市场竞争程度低及融资约束低的企业。研究结论从企业加强环保绿色投资决策的角度为环保约谈的经济后果提供了微观的证据,这不仅对于我们了解环保约谈这一政策对微观主体企业的影响效应具有一定意义,同时,对国家在经济发展中,如何实施更好的环境治理政策具有一定的指导意义。

    Abstract:

    The "environmental protection interview However, does this system can supervise the enterprises which release pollutants? If green investment has been promoted? If it has been enhanced green investment transformation? And which firms are eligible for green investment on the impact of environmental interviews? There is a lack of systematic research on these issues. Based on the theory of organization legitimacy, path dependence et al and supposing hypothesis, Using the quasi-natural experimental changes produced by "environmental protection interview interview on enterprises’ green investment. The results of difference in difference method show: the listed companies are the cities that are covered by the Environmental protection interview, which could promote green investment. On this basis, further tests found: Promotion effect of interview on green investment mainly comes from the corporate has high total factor productivity, low market competition and low financing constraint features. The paper provides microscopic evidence for economic consequences of environmental protection interview from the perspective of investment decision, which is , not only beneficial for us to understand the micro-real effect of the micro-level enterprise subject and subsequent reform on the policy of " environmental protection interview ", but also for the country to find a balance between environmental governance and economic development.

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颉茂华,刘铁鑫,张敬德.环保约谈能否促进企业绿色投资[J].技术经济,2023,42(1):154-164.

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  • 收稿日期:2022-09-26
  • 最后修改日期:2023-02-26
  • 录用日期:2022-12-05
  • 在线发布日期: 2023-03-10
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