链长制下企业价值链升级与绿色转型耦合：错位纠正视角
Value Chain Upgrading and Green Transformation Coupling under the Chain Leader System: A Perspective of Misalignment Correction
DOI: 10.16538/j.cnki.jsufe.2026.05.004
[1]崔琳昊,冯卓,冯烽.链长制下企业价值链升级与绿色转型耦合：错位纠正视角[J/OL].上海财经大学学报,2026,28(05):48-61[2026-11-11].https://doi.org/10.16538/j.cnki.jsufe.2026.05.004.
摘要
在“双碳”战略和经济高质量发展背景下，制造业企业价值链升级与绿色转型的协同推进尤为关键。然而，现实中企业普遍存在“升级快、绿色慢”或“绿色快、升级慢”的错位问题，亟需制度创新予以矫正。文章以链长制为研究对象，基于多期双重差分模型，利用2009—2023年A股制造业上市公司微观数据，系统检验了链长制对企业价值链升级与绿色转型发展的耦合影响。研究表明：链长制显著提升了企业绿色转型与价值链升级的协同水平。机制检验发现，链长制通过三条路径发挥作用：标准制定效应减少了企业价值链升级和绿色转型之间的目标偏离，资源配置效应缓解了融资约束，长期激励改善效应优化了企业收益实现节点，从而纠正了两者在目标、成本与时间三方面的错位。扩展性分析进一步表明，链长制在短期内主要发挥“提质补绿”的作用，其政策效果在政府干预较强和区域一体化程度较高的地区更为显著。研究显示，链长制不仅是保障产业链稳定的重要制度创新，更是推动制造业绿色发展与价值链升级协调发展的有效机制。
Against the backdrop of the “dual carbon” strategy and high-quality economic development, the coordinated advancement of value chain upgrading and green transformation in manufacturing enterprises is especially critical. However, in reality, enterprises generally face the misalignment of “rapid upgrading but slow greening” or “rapid greening but slow upgrading”, which urgently requires institutional innovation to correct. Taking the chain leader system as the research object, this paper uses micro-level data from A-share manufacturing listed companies from 2009 to 2023 to systematically examine the coupling impact of the chain leader system on corporate value chain upgrading and green transformation development based on a multi-period DID model. The results show that, overall, the chain leader system significantly enhances the coordinated coupling level of value chain upgrading and green transformation in manufacturing enterprises; Mechanism testing reveals that the chain leader system operates through three paths: First, the standard-setting effect reduces deviations from corporate goals, coordinating value chain upgrading and green transformation in direction. Second, the resource allocation effect eases corporate financing constraints, promoting a balance between green investment and R&D upgrading in terms of cost. Third, the long-term incentive improvement effect enhances short-term incentives and corrects inconsistency in the pace of advancement among upstream and downstream enterprises. Further analysis finds that in the short term, the chain leader system mainly plays a role in “quality improving and green supplementing”, with a more significant effect on green transformation. In regions with stronger government intervention, the effect of the chain leader system is more pronounced, indicating that the guiding role of the government in institutional operation is indispensable; in regions with a higher degree of regional integration, the effect of the chain leader system is more pronounced, indicating that spatial integration can amplify the policy effect of the chain leader system. This paper shows that the chain leader system is not only an important institutional innovation to ensure industrial chain stability, but also an effective mechanism for promoting the coordinated development of green manufacturing and value chain upgrading.
关键词： 链长制,价值链升级,绿色转型,错位纠正,耦合发展