环境规制、融资约束对企业研发投入的影响研究

被引：7

作者：

水会莉

韩庆兰

杨洁辉

机构：

[1] 中南大学商学院

来源：

中南大学学报(社会科学版) | 2015年 / 21卷 / 06期

关键词：

环境规制; 融资约束; 研发投入; 内源融资; 债务融资;

D O I：

暂无

中图分类号：

F425 [工业企业组织和经营管理]; F406.7 [财务管理与经济核算];

学科分类号：

020205 ; 0202 ; 120202 ;

摘要：

以中国制造业上市公司2011—2013年的数据为样本,研究环境规制与融资约束两个因素单独及共同对企业研发投入的影响后发现,基于污染治理的环境规制对重污染企业的研发投入存在挤出效应,而基于能耗管理的环境规制显著促进了清洁生产企业的研发投入;融资约束显著影响企业研发投入强度,重污染企业研发投入主要依赖内源融资,而清洁生产企业研发投入主要依赖债务融资;融资约束对清洁生产企业研发投入的影响弱于环境规制。

引用

页码：78 / 85

页数：8

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