制度复杂性下环境创新的质与量选择

IF 7.1 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2025-04-01 Epub Date: 2025-02-04 DOI:10.1016/j.frl.2025.106892

Heng Yin

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引用次数: 0

摘要

以往的环境创新研究对环境创新的数量激励机制有深入的认识，但对环境创新质量的关注较少。本研究通过调查政府和股东如何影响企业环境创新的数量和质量来填补这一空白。研究表明，国有制越高的企业，其环境创新的数量和质量越高。企业财务困难导致环境创新的数量和质量下降。我们进一步提出，面临政府和股东双重授权的企业表现出数量和质量之间的脱钩。2008年至2019年的中国上市公司样本支持我们的观点。本研究通过探索环境创新质量的前因由和确定数量与质量之间的解耦关系，为环境创新和制度复杂性文献做出贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Choosing between quality and quantity in environmental innovation under institutional complexity

While previous research on environmental innovation offers insights into environmental innovation quantity incentives, less attention has been paid to environmental innovation quality. The present study fills this gap by investigating how government and shareholders can affect firms’ environmental innovation quantity and quality. We suggest that firms with higher state ownership respond to government mandates with higher environmental innovation quantity and quality. Moreover, firms suffering financial difficulties lead to lower environmental innovation quantity and quality. We further propose that firms facing mandates from both government and shareholders exhibit a decoupling between quantity and quality. A sample of Chinese listed firms from 2008 to 2019 supports our arguments. The research contributes to the environmental innovation and institutional complexity literature by exploring the antecedents of environmental innovation quality and identifying the decoupling between quantity and quality.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance