Deterrent effects of central environmental protection inspection on green technology innovation cycles: Evidence from the listed state-owned firms in China

IF 12.9 1区管理学 Q1 BUSINESS Technological Forecasting and Social Change Pub Date : 2024-10-01 DOI:10.1016/j.techfore.2024.123783

Peng Gao , Jie He , Marek Vochozka , Shiyang Hu

{"title":"Deterrent effects of central environmental protection inspection on green technology innovation cycles: Evidence from the listed state-owned firms in China","authors":"Peng Gao , Jie He , Marek Vochozka , Shiyang Hu","doi":"10.1016/j.techfore.2024.123783","DOIUrl":null,"url":null,"abstract":"<div><div>This paper analyzes the determinants of green technology innovation cycles using a panel data sample of A-share group-holding state-owned firms listed on the Shanghai and Shenzhen stock exchanges from 2014 to 2021. We assess the effects of the Central Environmental Protection Inspection (CEPI) within business groups. According to the empirical findings, if certain firms undergo the CEPI, it promotes an increase in green technology innovation in other uninspected firms within the business group. We also find that the CEPI on business groups enhances the quality of green technology innovation, promoting technological advancement and influencing the green technological cycle. Social learning and corporate knowledge spillover theories explain the mechanism for promoting green technology innovation in firms. These findings enrich research on corporate green technology innovation in China and provide insights into how policymakers promote green development.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"209 ","pages":"Article 123783"},"PeriodicalIF":12.9000,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Technological Forecasting and Social Change","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S004016252400581X","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

This paper analyzes the determinants of green technology innovation cycles using a panel data sample of A-share group-holding state-owned firms listed on the Shanghai and Shenzhen stock exchanges from 2014 to 2021. We assess the effects of the Central Environmental Protection Inspection (CEPI) within business groups. According to the empirical findings, if certain firms undergo the CEPI, it promotes an increase in green technology innovation in other uninspected firms within the business group. We also find that the CEPI on business groups enhances the quality of green technology innovation, promoting technological advancement and influencing the green technological cycle. Social learning and corporate knowledge spillover theories explain the mechanism for promoting green technology innovation in firms. These findings enrich research on corporate green technology innovation in China and provide insights into how policymakers promote green development.

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

中央环保督查对绿色技术创新周期的威慑效应：来自中国国有上市公司的证据

本文以 2014 年至 2021 年在上海和深圳证券交易所上市的 A 股集团控股国有企业为面板数据样本，分析了绿色技术创新周期的决定因素。我们评估了企业集团内部中央环保督查的影响。根据实证研究结果，如果某些企业接受了中央环保督查，则会促进企业集团内其他未接受督查的企业增加绿色技术创新。我们还发现，企业集团的 CEPI 提高了绿色技术创新的质量，促进了技术进步，影响了绿色技术周期。社会学习和企业知识溢出理论解释了促进企业绿色技术创新的机制。这些发现丰富了中国企业绿色技术创新的研究，并为政策制定者如何推动绿色发展提供了启示。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文去求助

来源期刊

Technological Forecasting and Social Change Multiple-

CiteScore

21.30

自引率

10.80%

发文量

813

期刊介绍： Technological Forecasting and Social Change is a prominent platform for individuals engaged in the methodology and application of technological forecasting and future studies as planning tools, exploring the interconnectedness of social, environmental, and technological factors. In addition to serving as a key forum for these discussions, we offer numerous benefits for authors, including complimentary PDFs, a generous copyright policy, exclusive discounts on Elsevier publications, and more.