2023年2月，我院教師黃曉琪博士為第一作者的合作論文《Quantity or quality: Environmental legislation and corporate green innovations》在期刊《Ecological Economics》第204卷正式刊出。
論文簡介
Firms investing in environmental issues often suffer from increased operating costs and reduced profits. Therefore, rigorous environmental legislation is required to motivate firms to conduct more green innovations. This paper takes the promulgation of China’s New Environmental Protection Law as an ideal quasi-natural experiment to investigate the effect of rigorous environmental legislation on corporate green innovations. By reconsolidating the “compensation effect” and the “crowding-out effect”, we find that China’s New Environmental Protection Law promotes the quantity of corporate green innovations, but inhibits the quality of green innovations. The potential mechanisms regarding green innovation quantity and quality are strikingly different. China’s New Environmental Protection Law promotes green innovation quantity mainly through alleviating government favoritisms and increasing the risk of environmental litigations. However, since high-quality innovations require higher investment costs and greater tolerance for failure, China’s New Environmental Protection Law also tightens financing constraints and exacerbates managerial myopia, which crowds out high-quality green innovations. Moreover, China’s New Environmental Protection Law causes short-term corporate performance losses, but it indeed promotes environmental performances. Our results are crucial to comprehensively understand the effectiveness of environmental legislation and provide policy inspirations for the government concerning the environment.
作者簡介
黃曉琪，1993年4月生，女，安徽安慶人，澳门永利集团304官网手机講師，主要研究方向為綠色金融、創新經濟學等。在《金融研究》、《China Economic Review》、《Ecological Economics》、《International Review of Financial Analysis》、《國際貿易問題》等國内外學術期刊上發表論文10餘篇。當前擔任《世界經濟》、《China Economic Review》、《International Review of Financial Analysis》等期刊匿名審稿人，主持中央高校基本業務費資助項目1項，并參與多項國家社科基金和國家自科基金重大項目和一般項目。
期刊簡介
Ecological Economics，國際生态經濟權威期刊，資源環境領域五大刊之一； SSCI-Q1，ABS三星級期刊，FMS管理科學高質量A類期刊，旨在發表生态系統和人類活動關系的高質量論文。
