环境信息披露与企业绿色技术创新——来自中国上市公司的经验证据
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南京师范大学 商学院

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X196

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国家社会科学基金重大项目“新型举国体制下技术突破的市场机制和政策路径研究”(21 ZD122);国家自然科学基金面上项目“研发要素流动对区域创新绩效的影响:基于空间资源配置的视角”(71874084)。


Impact of Environmental Information Disclosure on Green TechnologyInnovation
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School of Business,Nanjing Normal University

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    摘要:

    环境信息披露作为企业对外传递环境信息的重要渠道,深入考察这一新型环境规制方式与企业绿色技术创新之间的关系,对于科学评估其成效进而促进企业绿色发展具有重要意义。本文在理论分析环境信息披露影响企业绿色技术创新的基础上,采用中国上市公司微观数据,从是否披露、披露数量以及披露质量三个维度对环境信息披露进行综合考量,实证检验环境信息披露对企业绿色技术创新的影响。结果表明,是否披露环境信息对企业绿色技术创新并无明显影响,而披露数量与披露质量则产生显著的正向影响。一系列稳健性检验均支持了这一结论。异质性检验结果发现,环境信息披露对企业绿色技术创新的影响,会因企业创新类型、污染程度以及产权性质的不同而有所差异。机制检验结果表明,环境信息披露可以通过缓解企业融资约束和提升企业经营绩效来促进企业绿色技术创新活动的开展。本文结论意味着,进一步深化环境信息披露制度、强化企业环境信息披露行为,将有助于企业的绿色转型与发展。

    Abstract:

    Environmental information disclosure is an important channel for companies to transmit environmental information to the outside world. An in-depth investigation of the relationship between this new type of environmental regulation and corporate green technological innovation is of great significance for scientifically evaluating its effectiveness and promoting the green development of enterprises. Based on the theoretical analysis of the impact of environmental information disclosure on corporate green technology innovation, this paper uses micro-data from China’s listed companies from 2010 to 2018 to comprehensively consider environmental information disclosure from the three dimensions of whether to disclose, the number of disclosures, and the quality of disclosure, and empirical tests the impact of environmental information disclosure on corporate green technological innovation. The results show that whether or not to disclose environmental information has no obvious impact on the company"s green technological innovation, while the quantity and quality of disclosure have a significant positive impact. The heterogeneity test results found that the impact of environmental information disclosure on corporate green technological innovation would vary depending on the type of corporate innovation, the degree of pollution, and the nature of property rights. The mechanism test results show that environmental information disclosure can promote the development of corporate green technological innovation activities by alleviating corporate financing constraints and improving corporate operating performance. The conclusion of this article means that further deepening the environmental information disclosure system and strengthening the corporate environmental information disclosure behavior will help the green transformation and development of enterprises.

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白俊红,顾雪晨.环境信息披露与企业绿色技术创新——来自中国上市公司的经验证据[J].技术经济,2023,42(11):23-36.

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  • 收稿日期:2023-07-25
  • 最后修改日期:2023-09-11
  • 录用日期:2023-09-11
  • 在线发布日期: 2023-12-08
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