摘要
绿色投资能否取得多重红利一直是当前学术界关注的热点,以2016—2021年314家制造业上市企业数据为研究样本,探索绿色投资对制造业企业经济绩效、环境绩效、创新绩效的多重影响。实证结果表明:短期内,绿色投资对制造业企业绩效的影响是此消彼长的,绿色投资能够显著促进制造业企业的经济绩效和环境绩效,即企业经济的发展不必以牺牲环境为代价,但会降低企业的创新绩效;绿色投资具有异质性。综合而言,良好的社会责任更能带动企业经济绩效的提升。非国有企业在创新绩效、环境绩效、经济绩效三方面都比国有企业有着更好的助推效应。政府补贴也能起到良好的调节作用,有政府补贴的企业更能发挥绿色投资的优势。在此基础上,从内部结构与外部环境两方面给出提高制造业企业三绩效的建议,助推绿色投资多重红利的实现。
Whether green investment can achieve multiple dividends has always been a hot topic in the current academic community.Taking the data of 314 listed manufacturing companies from 2016 to 2021 as a research sample,this study explores the impact of green investment on the economic,environmental,and innovation performance of manufacturing companies.The empirical results show that in the short term,the impact of green investment on the performance of manufacturing enterprises fluctuates.Green investment can significantly promote the economic performance and environmental performance of manufacturing enterprises,that is,the economic development of enterprises does not have to be at the expense of the environment,but it reduces the innovation performance of enterprises;green investment is heterogeneous.Overall,good social responsibility can better drive the improvement of corporate economic performance.Non-state-owned enterprises have better boosting effects than state-owned enterprises in terms of innovation performance,environmental performance,and economic performance.Government subsidies can also play a good regulatory role,and enterprises with government subsidies can better leverage the advantages of green investment.On this basis,suggestions are given to improve the three performances of manufacturing enterprises from both aspects of internal structure and external environment to promote the realization of multiple dividends of green investment.
作者
肖博文
敬莉
XIAO Bowen;JING Li(School of Economics,Xinjiang University of Finance and Economics)
出处
《上海节能》
2025年第6期817-830,共14页
Shanghai Energy Saving
基金
新疆维吾尔自治区社会科学一般基金项目“新发展格局下新疆战略性新兴产业集群培育机制及路径研究”(2023BYJ028)。
关键词
绿色投资
经济绩效
环境绩效
创新绩效
政府补贴
Green Investment
Economic Performance
Environmental Performance
Innovation Performance
Government Subsidy
作者简介
第一作者/通信作者:肖博文(1997-07-),男,硕士研究生,产业经济学专业。
