行政型治理模式的长期存在使得国有企业绿色创新内源动力不足。在深化混合所有制改革背景下,被赋予更多董事会“话语权”的市场化非国有股东是否会提升国有企业绿色技术创新动力?本文基于中国A股国有上市公司2013—2020年数据,研究非国有股东委派董事对国有企业绿色技术创新的影响。研究结果表明,存在非国有股东委派董事的国有企业绿色技术创新显著更多,且非国有股东委派董事占比越高,国有企业绿色技术创新越多。进一步研究表明,非国有股东委派董事可以通过降低政府干预和提高高管激励水平来促进国有企业绿色技术创新;国有企业面临的融资约束水平会显著降低非国有股东委派董事对国有企业绿色技术创新的影响;政府补贴越多、环境规制越强和高管任期越长时,非国有股东委派董事对国有企业绿色技术创新的影响越大。本文从绿色技术创新角度丰富了非国有股东委派董事治理的非经济后果研究,解释了非国有股东委派董事对国有企业绿色技术创新产生积极作用的路径及情境因素,对深化国企改革、完善国有企业的经济型治理具有一定的政策参考价值。
非国有股东委派董事对国有企业绿色技术创新的影响研究
摘要
参考文献
30 张玉明, 邢超, 张瑜. 媒体关注对重污染企业绿色技术创新的影响研究[J]. 管理学报, 2021, 18(4): 557-568. DOI:10.3969/j.issn.1672-884x.2021.04.010
37 Barney J. Firm resources and sustained competitive advantage[J]. Journal of Management, 1991, 17(1): 99-120. DOI:10.1177/014920639101700108
38 Cosma S, Schwizer P, Nobile L, et al. Environmental attitude in the board. Who are the “green directors”? Evidences from Italy[J]. Business Strategy and the Environment, 2021, 30(7): 3360-3375. DOI:10.1002/bse.2807
39 Czinkota M, Kaufmann H R, Basile G. The relationship between legitimacy, reputation, sustainability and branding for companies and their supply chains[J]. Industrial Marketing Management, 2014, 43(1): 91-101. DOI:10.1016/j.indmarman.2013.10.005
40 El-Kassar A N, Singh S K. Green innovation and organizational performance: The influence of big data and the moderating role of management commitment and HR practices[J]. Technological Forecasting and Social Change, 2019, 144: 483-498. DOI:10.1016/j.techfore.2017.12.016
41 Gupta N. Partial privatization and firm performance[J]. The Journal of Finance, 2005, 60(2): 987-1015. DOI:10.1111/j.1540-6261.2005.00753.x
42 Hart S L. A natural-resource-based view of the firm[J]. Academy of Management Review, 1995, 20(4): 986-1014. DOI:10.2307/258963
43 Huang M, Li M Y, Liao Z H. Do politically connected CEOs promote Chinese listed industrial firms’ green innovation? The mediating role of external governance environments[J]. Journal of Cleaner Production, 2021, 278: 123634. DOI:10.1016/j.jclepro.2020.123634
44 Levy D M, Terleckyj N E. Effects of government R&D on private R&D investment and productivity: A macroeconomic analysis[J]. The Bell Journal of Economics, 1983, 14(2): 551-561. DOI:10.2307/3003656
45 Mace M L. Directors: Myth and reality[M]. Boston: Harvard University Press, 1971.
46 Magat W A. Pollution control and technological advance: A dynamic model of the firm[J]. Journal of Environmental Economics and Management, 1978, 5(1): 1-25. DOI:10.1016/0095-0696(78)90002-5
47 Nadeem M, Bahadar S, Gull A A, et al. Are women eco‐friendly? Board gender diversity and environmental innovation[J]. Business Strategy and the Environment, 2020, 29(8): 3146-3161. DOI:10.1002/bse.2563
48 Porter M E, van der Linde C. Toward a new conception of the environment-competitiveness relationship[J]. Journal of Economic Perspectives, 1995, 9(4): 97-118. DOI:10.1257/jep.9.4.97
49 Takalo T, Tanayama T. Adverse selection and financing of innovation: Is there a need for R&D subsidies?[J]. The Journal of Technology Transfer, 2010, 35(1): 16-41. DOI:10.1007/s10961-009-9112-8
50 Usman M, Javed M, Yin J M. Board internationalization and green innovation[J]. Economics Letters, 2020, 197: 109625. DOI:10.1016/j.econlet.2020.109625
引用本文
李维安, 衣明卉. 非国有股东委派董事对国有企业绿色技术创新的影响研究[J]. 外国经济与管理, 2024, 46(4): 3-18.
导出参考文献,格式为: