Environmental Protection Investment, Government Intervention and Breakthrough Innovation of Enterprises

This paper selects A-share listed companies in Shanghai and Shenzhen of China from 2010 to 2019 as research samples, and empirically tests the relationship between environmental protection investment, government intervention and breakthrough innovation of enterprises. The research shows that enterprises' investment in environmental protection can significantly promote the level of breakthrough innovation, and the government's intervention can regulate the relationship between them. Firstly, it is found that government subsidies can strengthen the promotion of environmental protection investment to the level of breakthrough innovation. Furthermore, it explores the regulating effect of market monopoly intensity on the relationship between them, and finds that in industries with high degree of monopoly, the promoting effect of environmental protection investment on the level of enterprise breakthrough innovation will be transformed into inhibiting effect, which shows the importance of government anti-monopoly measures between environmental protection investment and enterprise breakthrough innovation.

關鍵字

Environmental Protection Investment ； Government Subsidy ； Degree of Market Competition ； Breakthrough Innovation of Enterprises

參考文獻

Xianchun Liao, Xunpeng (Roc) Shi. Public appeal, environmental regulation and green investment: Evidence from China. Energy Policy, 2018,No.119, p.554-562.

Leiter, A. M., A. Parolini, and H. Winner. Environmental Regulation and Investment: Evidence from European Industry Data. Ecological Economics, 2011, 70, No.4, p.759-770.

Patrick R.Martin, Donald V. Moser. Managers’ green investment disclosures and investors’ reaction. Journal of Accounting and Economics, 2016, No.61, p.239-254.

Huang Lingyun, Lei Zhuojun. How environmental regulation affect corporate green investment: Evidence from China. Journal of Cleaner Production,2021, No.279.

Nika Murovec,Renata Slabe Erker,Igor Prodan. Determinants of environmental investments: testing the structural model. Journal of Cleaner Production,2012,No.37,p.265-277.

延伸閱讀

Hansen, M. L. (2005). Investment, governance, and the environment [master's thesis, The University of Hong Kong]. Airiti Library. https://www.airitilibrary.com/Article/Detail?DocID=U0029-1812201200001755
Mangra, M. G., Cotoc, E. A., & Traistaru, A. (2014). Sustainable Economic Development through Environmental Management Systems Implementation. Journal of Studies in Social Sciences, 6(1), 1-14. https://www.airitilibrary.com/Article/Detail?DocID=P20151209003-201402-201512110011-201512110011-1-14
Liang, J., Bing, L., & Qiu, F. (2012). The Research of the Digital Environmental Protection Intellectualization Platform. Research Journal of Applied Sciences, Engineering and Technology, 4(16), 2672-2676. https://www.airitilibrary.com/Article/Detail?DocID=20407467-201208-201510260014-201510260014-2672-2676
鄭世昌（2020）。Product Environmental Friendliness, Product Creativity and Project Prosocialty and Crowdfunding Successfulness〔碩士論文，國立臺灣師範大學〕。華藝線上圖書館。https://doi.org/10.6345/NTNU202000265
劉錦龍、許菁君、謝壯堃（2005）。Induced Innovation and Energy-Environmental Policies。經濟論文叢刊，33(2)，181-212。https://doi.org/10.6277/ter.2005.332.3

國際替代計量

Environmental Protection Investment, Government Intervention and Breakthrough Innovation of Enterprises

全文下載

主題瀏覽