Development Institute of Jiangbei, Nanjing University of Information Science &Technology, Nanjing 210044, China; Research Institute for Environment and Health, Nanjing University of Information Science &Technology, Nanjing 210044, China.
Development Institute of Jiangbei, Nanjing University of Information Science &Technology, Nanjing 210044, China.
Sci Total Environ. 2021 Apr 10;764:144248. doi: 10.1016/j.scitotenv.2020.144248. Epub 2020 Dec 24.
Using the data on 110 listed high-polluting enterprises in China, this study investigates the impact of environmental information disclosure (EID) on the innovation of high-polluting enterprises. The results indicate that EID has a positive and significant impact the innovation of high-polluting enterprises but that political connections weaken the impact of EID on enterprises' innovation. The results of the grouping tests indicate that EID can promote innovation in both state-owned and non-state owned high-polluting enterprises, and political connections have weakened the impact of EID on enterprises' innovation in SOEs. Results of findings in different regions show that EID significantly promotes innovation in those high-polluting enterprises in coastal areas but has no significant impact on the innovation by high-polluting enterprises in inland regions. In the further mechanism testing, this paper finds that EID stimulates innovation by enterprises through increases in business income.
本研究使用中国 110 家上市高污染企业的数据，考察了环境信息披露（EID）对高污染企业创新的影响。结果表明，EID 对高污染企业的创新具有积极而显著的影响，但政治关联削弱了 EID 对企业创新的影响。分组检验结果表明，EID 可以促进国有和非国有企业的创新，政治关联削弱了 EID 对国有企业创新的影响。不同地区的检验结果表明，EID 显著促进了沿海地区高污染企业的创新，但对内陆地区高污染企业的创新没有显著影响。在进一步的机制检验中，本文发现 EID 通过企业营业收入的增加来刺激企业创新。
