Can reverse mixed reform promote green innovation in Chinese private enterprises?

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-02-15 DOI:10.1016/j.frl.2025.106982

Qian Mao , Xiaofeng Quan

引用次数: 0

Abstract

Based on the background of mixed-ownership reform in China, this article deeply studies the influence of reverse mixed reform on green innovation in Chinese private companies. "Reverse mixed reform" refers to a situation where state-owned capital invests in private companies. The present article takes Chinese A-share manufacturing private listed companies as the research object and uses a multi-period difference-in-differences method for testing. The results show that (1) reverse mixed reform not only increases the quantity of green innovation in private enterprises, but also enhances the quality of their green innovation; (2) the promoting effect is mainly achieved through mechanisms such as enhancing private enterprise executives' willingness to engage in green innovation and increasing enterprise resources; (3) the promoting effect is more significant in samples with higher environmental regulation intensity and less industry competition.

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逆向混改能否促进中国民营企业的绿色创新？

本文以中国混合所有制改革为背景，深入研究了反向混合改革对中国民营企业绿色创新的影响。“反向混改”是指国有资本投资民营企业。本文以中国a股制造业民营上市公司为研究对象，采用多周期差分法进行检验。结果表明：(1)反向混改不仅增加了民营企业绿色创新的数量，而且提高了民营企业绿色创新的质量；(2)促进作用主要通过提高民营企业高管参与绿色创新的意愿和增加企业资源等机制实现；(3)环境规制强度越高、行业竞争越小的样本，促进效应越显著。

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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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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