2023年3月,我院教師黃曉琪博士為通訊作者的合作論文《Environmental regulations and firms' green innovations: Transforming pressure into incentives》在期刊《International Review of Financial Analysis》第86卷正式刊出。
https://doi.org/10.1016/j.irfa.2023.102504
論文簡介
Considering China's Eleventh Five-Year Plan as a quasi-natural experiment, this paper identifies the effect of environmental regulations on green innovations with a difference-in-difference-in-differences (DDD) strategy. We find that: (1) environmental regulations promote both the quantity and quality of firms' green innovations, which are measured by patent counts and citations respectively. This effect is more salient for firms in regions with higher regulation intensity and firms in industries with higher pollution intensity. (2) Firms with greater pressure from environmental regulations are more likely to conduct green innovations, which is mainly reflected by the increased innovation efficiency of retained inventors. (3) Environmental regulations have a crowed-out effect, resulting in some firms exiting the market or migrating from high-pollution industries to low-pollution industries. (4) Environmental regulations improve firm performance in the long run and are conducive to the improvement of local environmental quality. This paper provides implications for regulators concerning environment and innovation.
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
International Review of Financial Analysis,ABS三星期刊,學校A類期刊,JCR一區,在Business/Finance Category 的JCR排名為4/111,金融類SSCI一區期刊,影響因子8.235,旨在發表經濟及金融領域的高質量理論與實證論文。