绿色转型还是绿色洗? 企业绿色活动中的竞争力战略选择
Xiaoping Duan1, Xue Liu1, Xiaohang Ren2
1School of Business, Central South University, Changsha, China.
Journal of environmental management
|January 6, 2026
概括
企业在中国的绿色投资令人惊的是,通过降低生产率和增加财务挑战,损害了公司的竞争力. 这表明需要制定政策,促进真正的环境转型,而不是仅仅是绿色化.
科学领域:
- 环境经济学环境经济学
- 企业的社会责任 企业的社会责任
- 可持续的商业实践 可持续的商业实践
背景情况:
- 全球环境治理正在加强.
- 企业绿色投资是一个不断增长的竞争力战略.
- 绿色投资对业绩的实际影响还没有得到充分的研究.
研究的目的:
- 研究企业绿色投资与中国的竞争力之间的关系.
- 为了确定绿色投资是否增强或象征企业业绩.
- 分析影响这种关系的机制和条件.
主要方法:
- 利用中国A股上市公司 (2008-2022) 的数据.
- 采用了可靠性测试来验证发现.
- 根据企业特征和行业因素进行异质性分析.
主要成果:
- 公司的绿色投资被发现大大降低了企业的竞争力.
- 负面影响的媒介是总因素生产率下降,融资约束增加和ESG评分降低.
- 负面影响在高管绿色意识较低,行业集中度高,政府补贴高,污染高的行业中更为明显.
结论:
- 绿色投资可能会导致绿色洗,而不是实质性的环境转型.
- 政策应该通过合规和披露鼓励真正的绿色转型,并鼓励投资.
- 需要细微的政策干预,以平衡经济绩效与环境目标.
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