环境信息披露能否刺激企业的绿色创新?
Enhui Feng1, Yim Ling Siu2, Christina W Y Wong3
1School of Management, Harbin Institute of Technology, Harbin 150001, PR China.
The Science of the total environment
|December 5, 2023
概括
环境信息披露 (EID) 通过减少信息不对称性和企业财务约束 (CFC) 来刺激企业绿色创新 (CGI). 这种效应在非国有企业中更为明显,挑战了传统的监管成本理论.
科学领域:
- 环境经济学环境经济学
- 企业社会责任 企业社会责任
- 创新管理 创新管理
背景情况:
- 传统的环境法规侧重于合规成本,可能阻碍企业绿色创新 (CGI).
- 环境信息披露 (EID) 经常通过监管合规的镜头来看待,但它对刺激创新的直接影响不太了解.
- 现有的理论并不能完全解释EID如何能够主动地推动CGI超越单纯的合规性.
研究的目的:
- 研究环境信息披露 (EID) 刺激企业绿色创新 (CGI) 的机制.
- 测试信息不对称性和企业财务约束 (CFC) 在EID-CGI关系中的调解作用.
- 检查企业所有权 (国有企业与非国有企业) 对这种关系的抑制作用.
主要方法:
- 利用了中国A股上市公司 (2004-2017) 的数据.
- 采用差异差异 (DID) 模型,分析中国2008年EID政策的影响.
- 结合信号理论和资源依赖理论来开发一个温和的调解模型.
主要成果:
- 环境信息披露 (EID) 通过减轻企业财务限制 (CFC) 对企业绿色创新 (CGI) 有积极的影响.
- 电子开发减少了信息不对称性,这反过来减轻了CFC,从而促进了CGI.
- 通过CFC,EID对CGI的调解效应在非国有企业 (非国有企业) 中更为明显.
结论:
- 环境信息披露 (EID) 作为一个自愿的环境法规,通过信息不对称和减轻财务约束来刺激企业绿色创新 (CGI).
- 这些发现挑战了合规成本理论和波特假设,为EID如何推动CGI提供了新的视角.
- 该研究强调了EID在提高企业环境绩效和创新的重要性,特别是对于非国有企业.
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