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环境规制的蓝色红利效应研究
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  • 英文篇名:Research on the blue dividend effect of environmental regulation
  • 作者:孙博文 ; 傅鑫羽 ; 任俊霖 ; 赵秋运 ; 傅帅雄 ; 张娜
  • 英文作者:SUN Bo-wen;FU Xin-yu;REN Jun-lin;ZHAO Qiu-yun;FU Shuai-xiong;ZHANG Na;Guanghua School of Management, Peking University;Urban Studies Institute, Andrew Young School of Policy Studies, Georgia State University;Wuhan Textile University School of Accounting;Institute of New Structural Economics at Peking University;School of Economics and Management, Shihezi University;
  • 关键词:环境规制 ; 清洁生产目录 ; 中国工业企业数据库 ; 蓝色红利 ; 倍差估计法(DID)
  • 英文关键词:environmental regulation;;clean production catalog;;Chinese industrial enterprise database;;blue dividend;;difference-in-difference
  • 中文刊名:中国环境科学
  • 英文刊名:China Environmental Science
  • 机构:北京大学光华管理学院;美国佐治亚州立大学安德鲁杨政策研究学院城市研究中心;武汉纺织大学会计学院;北京大学新结构经济学研究院;石河子大学经济与管理学院;
  • 出版日期:2019-08-20
  • 出版单位:中国环境科学
  • 年:2019
  • 期:08
  • 基金:国家自然科学基金资助项目(41801119);; 国家社会科学基金后期资助项目(18FGL003);国家社会科学基金一般项目(18BJL120);; 中国博士后科学基金第63批面上资助项目(2018M630004);中国博士后科学基金第63批面上资助项目(2018M620483)
  • 语种:中文;
  • 页:384-395
  • 页数:12
  • CN:11-2201/X
  • ISSN:1000-6923
  • 分类号:X322;F406.7
摘要
利用中国工业企业数据库2004~2009年制造业企业数据,以清洁生产目录标准的政策实施为外生冲击事件,基于倍差估计法(DID)实证检验了环境规制对企业盈利能力、盈利质量、波特效应和管理创新成本等蓝色红利的影响.结果发现:环境规制显著提升了制造企业的利润率和企业的现金流充裕性,改善了企业的盈利能力和盈利质量;环境规制显著降低了企业管理创新成本,但波特效应不显著.环境规制的蓝色红利效应存在地方策略互动、企业规模和所有制的异质性:地方政府之间的策略性不合作抑制了环境规制蓝色红利效应.企业规模的扩大提高了管理创新成本,但强化其他相关的蓝色红利效应.环境规制对国有企业的利润率、现金流以及全要素生产率的改善作用强于非国有企业,但更有助于降低非国有企业的管理创新成本.
        The policy of cleaner production catalogue standards as an exogenous impact event was implemented in this paper, and the China Industrial Enterprise Database 2003~2009 manufacturing enterprise sample data and the method of difference-in-difference(DID) were used to test environmental regulation's effect on such four types of blue dividends as profitability, profit quality, Poter effect and management innovation cost. The environmental regulation was found to improve the profit rate and cash flow abundance significantly, which means the improvement of the profitability and profit quality respectively. Environmental regulation significantly reduced the organizational management innovation cost, but the Potter effect was not significant. The blue dividend effects of environmental regulation were heterogeneous in local strategic interactions, enterprise scale and enterprise ownership. That is, the strategic non-cooperation between local governments inhibited blue dividend effect significantly. The larger the company's scale was, the more significant the environmental regulation would increase the company's profit rate, cash flow and total factor productivity, but it further exacerbated the management innovation cost. In addition to significantly reducing the management innovation cost for the non-state-owned enterprises, environmental regulations had a more pronounced effect on blue dividends for state-owned enterprises.
引文
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