环境规制对企业技术创新的影响——基于融资约束的中介效应检验

被引:52
作者
苗苗
苏远东
朱曦
蒋玉石
张红宇
机构
[1] 西南交通大学经济管理学院
关键词
环境规制; 融资约束; 企业技术创新; 波特假说; 中介效应;
D O I
10.13956/j.ss.1001-8409.2019.12.16
中图分类号
F273.1 [企业技术管理];
学科分类号
摘要
采用主成分分析方法,构建一套涵盖31个省、市、自治区的环境规制力度综合指数,基于2007~2017年中国A股制造业上市公司非平衡面板数据,最终得到1539家上市公司样本,共计8999个公司年度观测值,在此基础上运用中介效应模型实证分析环境规制、融资约束和企业技术创新三者之间的关系。结果表明:地方政府加强环境规制力度,能够显著提升企业创新能力,具体表现为研发投入的增加;融资约束在环境规制与企业技术创新的关系中起到显著的部分中介作用,即政府加强环境规制可以有效缓解企业面临的外部融资约束,从而帮助企业进一步提升技术创新能力。
引用
收藏
页码:100 / 107
页数:8
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