基于高管激励协同效应的政府补贴与中国企业绿色创新

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-10-10 DOI:10.1080/19761597.2022.2131586

Hu Liu, Xiaoxu Yu, Yijun Peng

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引用次数: 1

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Government subsidies and green innovation in Chinese enterprises-based on the synergy of executive incentives

ABSTRACT Based on the micro data of China’s heavily polluting enterprises from 2010 to 2019, this article analyzes the synergistic effect of government subsidies and executive incentives on green innovation. It is found that government subsidies significantly promote the output of innovation results, and this effect has a time lag. Executive compensation incentives will weaken the current policy effect, and the benefit convergence effect produced by equity incentives can reverse executives’ short-sighted thinking. Although the current impact of equity incentives is not significant, it can play a substantial synergistic effect in the first and second lag periods. It is proved that the green innovation of heavy pollution enterprises can not only consider the impact of exogenous policy but ignore the perfection of internal governance mechanism.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.