绿色创新的掩蔽效应：基于碳市场冲击的研究

IF 13.6 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2024-11-08 DOI:10.1016/j.eneco.2024.108035

Xiaoping He , Wenbo Dai

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引用次数: 0

摘要

以往的经验证据表明，碳市场对企业的绿色创新绩效产生了积极影响。鉴于企业的绿色创新能力存在差异，我们提出了一个掩蔽效应假设，认为碳市场确实在整体上提高了企业的绿色创新绩效。然而，单独来看，只有高能力企业才能观察到这种改善效应，普通企业则没有。我们对这一假设进行了检验，并探索了潜在的机制。结果表明：首先，高能力企业突出的绿色创新绩效导致了一种掩蔽效应，这种效应在不同的估计方法和变量设置下都是稳健的。其次，无论企业的创新能力是棕色还是绿色，高创新能力都会增加碳市场对绿色创新的积极影响，这意味着掩蔽效应的弱化。最后，对共同创新的不同倾向导致了掩蔽效应。

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The masking effect of green innovation: A study based on carbon market shocks

Previous empirical evidence indicates that the carbon market exerts a positive influence on the performance of corporate green innovation. In light of the proposition that there are differences in the green innovation capabilities of firms, we propose a masking effect hypothesis which suggests that the carbon market does, in fact, improve firms' green innovation performance at the overall level. However, separately, this improvement effect is only observed for high-capability firms, and not for ordinary firms. We test the hypothesis and explore the potential mechanism. The results show that, firstly, the outstanding green innovation performance of high-capability firms leads to a masking effect, which is robust to different estimation methods and variable settings. Secondly, the high innovation capability increases the positive effect of the carbon market on green innovation, irrespective of whether the capability is brown or green, which means a weak version of the masking effect. Finally, the different propensities towards co-innovation lead to the masking effect.

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来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.