自愿参与型环境规制对重污染企业研发创新的影响——基于政府监管与媒体关注视角

The impact of voluntary participation in environmental regulation on R D and innovation of heavily polluting enterprises——Based on government supervision and media attention

摘要:

基于“波特假说”，自愿参与型环境规制作为一种环境规制的创新，是否同样能够促进企业研发创新？选取2013－2017年沪深A股重污染行业上市公司为样本，采用基于倾向匹配得分法基础上的双重差分法（PSM-DID）和多元线性回归模型，检验了自愿参与型环境规制对企业研发创新的影响以及政府监管和媒体关注的调节作用。结果表明：自愿参与型环境规制有利于企业研发创新，而政府监管和媒体关注都具有负向调节作用，抑制了自愿参与型环境规制对企业研发创新的促进作用。基于此，发挥政府监管和媒体关注的影响力，需要适宜适度，才能有效推动企业研发创新。

Abstract:

Based on the "Porter Hypothesis",the voluntary participation in environmental regulations is a kind of regulatory innovation, can it improve the R&D and innovation capabilities of heavily polluting enterprises? This paper selects the listed companies in the Shanghai-Shenzhen A-share heavy polluting industry from 2013 to 2017 as samples, and uses the PSM-DID and multiple linear regression models to test the impact of voluntary participation in environmental regulation on corporate R&D innovation and the regulation of government regulation and media attention. The results show that voluntary participatory environmental regulation is conducive to enterprise R&D and innovation, but government regulation and media attention have inhibited the promotion of voluntary participation in environmental regulation to corporate R&D innovation. Therefore, it is necessary to raise the level of corporate awareness of new environmental regulations. In addition, the correct role of government regulation and media attention needs to be appropriate and appropriate to effectively promote R&D and innovation.