School of Business, Guilin University of Electronic Technology, Guilin 541004, China; School of Business, Nanjing University of Information Science and Technology, Nanjing 210044, China; Research Center for Prospering Jiangsu Province with Talents, Nanjing University of Information Science and Technology, Nanjing 210044, China.
School of Business, Nanjing University of Information Science and Technology, Nanjing 210044, China; Research Center for Prospering Jiangsu Province with Talents, Nanjing University of Information Science and Technology, Nanjing 210044, China.
Sci Total Environ. 2020 Dec 1;746:140810. doi: 10.1016/j.scitotenv.2020.140810. Epub 2020 Jul 11.
Faced with the dual constraints of resources and the environment, green technology innovation has become an important measure to solve the development challenges of heavily polluting industries. From the perspective of institutional regulation theory, this paper studies the impact of direct environmental regulation on green technology innovation in Chinese listed companies of heavily polluting industries by using the Panel Poisson fixed effect model. Besides, the heterogeneity of ownership and industry is discussed. The results indicate that direct environmental regulations exert a strong and significant incentive effect on green technology innovations in heavily polluting industries. Regarding the heterogeneity of enterprise ownership, direct environmental regulations were found to be more significant to the green technology innovations of state-owned listed companies in such industries. Considering industry heterogeneity, compared with labor-resource intensive industries, direct environmental regulation can effectively encourage green technology innovations in technology-capital intensive industries. This study provides a policy basis for promoting environmental governance and green technology innovation in China's heavily polluting industries.
面对资源和环境的双重约束，绿色技术创新已成为解决重污染产业发展挑战的重要手段。本文从制度规制理论的角度，利用面板泊松固定效应模型，研究了直接环境规制对中国重污染行业上市公司绿色技术创新的影响，并探讨了所有制和产业异质性。研究结果表明，直接环境规制对重污染产业的绿色技术创新具有强烈而显著的激励作用。就企业所有制的异质性而言，直接环境规制对重污染行业国有企业的绿色技术创新更为显著。考虑到产业异质性，与劳动密集型和资源密集型产业相比，直接环境监管可以有效地鼓励技术资本密集型产业的绿色技术创新。本研究为重污染产业在中国推进环境治理和绿色技术创新提供了政策依据。
