碳排放权交易对企业绿色创新的影响研究
实施"双碳"战略和推进企业绿色创新,这是新时期我国的重大战略选择。基于企业碳排放权交易的准自然实验,选取2010-2022年A股上市公司数据,运用双重差分模型实证分析了碳排放权交易对企业绿色创新的影响。研究发现,碳排放权交易对企业绿色创新具有显著正向影响,融资约束在此过程中发挥了部分中介效应作用;上述影响存在显著异质性,在非国有企业、东中部地区企业、高环境敏感性企业中,碳排放权交易的绿色创新效应尤为明显。本文研究为碳排放权交易具有绿色创新效应提供了微观证据支持,对完善碳交易平台建设助力"双碳"目标实现具有重要意义。
o carry out "double carbon" strategy and promote enterprise green innovation, this is the great strategic choice of our country in the new period. Based on the quasi-natural experiment of corporate carbon emission trading, this paper selects the data of A-share listed companies from 2010 to 2022 and empirically analyzes the impact of carbon emission trading on corporate green innovation by using the differential differential model. It is found that carbon emission trading has a significant positive impact on enterprises\' green innovation, and financing constraints play a part of the intermediary effect in this process. There is significant heterogeneity in the above influences, and the green innovation effect of carbon emission trading is particularly obvious in non-state-owned enterprises, enterprises in the eastern and central regions, and enterprises with high environmental sensitivity. This study provides micro-evidence support for the green innovation effect of carbon emission trading, which is of great significance for improving the construction of carbon trading platform to help realize the goal of "dual carbon".
黎精明、黄岚
湖北产业政策与管理研究中心,湖北武汉 430070;武汉科技大学管理学院,湖北武汉 430070武汉科技大学管理学院,湖北武汉 430070
经济学经济计划、经济管理环境管理环境科学技术现状财政、金融
企业经济碳排放权交易绿色创新融资约束
Enterprise economycarbon emission tradinggreen innovationfinancing constraints
黎精明,黄岚.碳排放权交易对企业绿色创新的影响研究[EB/OL].(2025-06-23)[2025-06-25].http://www.paper.edu.cn/releasepaper/content/202506-93.点此复制
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