{"title":"环境规制对重污染企业创新的影响","authors":"Jiachen Wan","doi":"10.54097/fbem.v11i3.13215","DOIUrl":null,"url":null,"abstract":"This paper selects the listed companies of heavy pollution manufacturing industry in SSE and Shenzhen Stock Exchange from 2014 to 2018 as samples, and establishes A step-by-step regression model to explore the relationship between environmental regulations, financing constraints and enterprise innovation, aiming to provide reference for the realization of green and innovative development of enterprises. The study found that the intensity of environmental regulation significantly suppresses the innovation of heavily polluting enterprises. Then the cost of environmental protection investment of enterprises will increase, which may cause the shortage of disposable funds of enterprises, which will reduce the R & D investment in the relationship between environmental regulation and enterprise innovation, indicating that part of the influence of environmental regulation on enterprise innovation is realized through financing constraints.","PeriodicalId":491607,"journal":{"name":"Frontiers in business, economics and management","volume":"8 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The Influence of Environmental Regulation on The Innovation of Heavily Polluting Enterprises\",\"authors\":\"Jiachen Wan\",\"doi\":\"10.54097/fbem.v11i3.13215\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper selects the listed companies of heavy pollution manufacturing industry in SSE and Shenzhen Stock Exchange from 2014 to 2018 as samples, and establishes A step-by-step regression model to explore the relationship between environmental regulations, financing constraints and enterprise innovation, aiming to provide reference for the realization of green and innovative development of enterprises. The study found that the intensity of environmental regulation significantly suppresses the innovation of heavily polluting enterprises. Then the cost of environmental protection investment of enterprises will increase, which may cause the shortage of disposable funds of enterprises, which will reduce the R & D investment in the relationship between environmental regulation and enterprise innovation, indicating that part of the influence of environmental regulation on enterprise innovation is realized through financing constraints.\",\"PeriodicalId\":491607,\"journal\":{\"name\":\"Frontiers in business, economics and management\",\"volume\":\"8 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-10-26\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Frontiers in business, economics and management\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.54097/fbem.v11i3.13215\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Frontiers in business, economics and management","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.54097/fbem.v11i3.13215","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The Influence of Environmental Regulation on The Innovation of Heavily Polluting Enterprises
This paper selects the listed companies of heavy pollution manufacturing industry in SSE and Shenzhen Stock Exchange from 2014 to 2018 as samples, and establishes A step-by-step regression model to explore the relationship between environmental regulations, financing constraints and enterprise innovation, aiming to provide reference for the realization of green and innovative development of enterprises. The study found that the intensity of environmental regulation significantly suppresses the innovation of heavily polluting enterprises. Then the cost of environmental protection investment of enterprises will increase, which may cause the shortage of disposable funds of enterprises, which will reduce the R & D investment in the relationship between environmental regulation and enterprise innovation, indicating that part of the influence of environmental regulation on enterprise innovation is realized through financing constraints.
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