管理评论 ›› 2023, Vol. 35 ›› Issue (12): 63-72.

• 经济与金融管理 • 上一篇    下一篇

环境规制是否推动制造企业高质量发展?

张丹1, 毕慧敏2, 张喜艳3   

  1. 1. 湖南工商大学经济与贸易学院, 长沙 410205;
    2. 湖南财政经济学院财政金融学院, 长沙 410205;
    3. 广东金融学院经济贸易学院, 广州 510521
  • 收稿日期:2021-11-22 出版日期:2023-12-28 发布日期:2024-01-30
  • 通讯作者: 张喜艳(通讯作者),广东金融学院经济贸易学院讲师,博士。
  • 作者简介:张丹,湖南工商大学经济与贸易学院讲师,博士;毕慧敏,湖南财政经济学院财政金融学院副教授,博士。
  • 基金资助:
    国家自然科学基金青年项目(72004057);湖南省社会科学成果评审委员会课题(XSP22YBZ076)。

Does Environmental Regulation Promote the High-quality Development of Manufacturing Enterprises?

Zhang Dan1, Bi Huimin2, Zhang Xiyan3   

  1. 1. School of Economics and Trade, Hunan University of Technology and Business, Changsha 410205;
    2. School of Finance, Hunan University of Finance and Economics, Changsha 410205;
    3. School of Economics and Trade, Guangdong University of Finance, Guangzhou 510521
  • Received:2021-11-22 Online:2023-12-28 Published:2024-01-30

摘要: 本文基于2011—2017年制造企业数据,以各地级市环保词频所在句子占整个政府工作报告总字数的比重表示环境规制,以全要素生产率表示高质量发展水平,考察环境规制是否推动制造企业高质量发展。结果表明:①环境规制与制造企业高质量发展存在“U”型关系,环境规制低于特定的拐点时,非生产性环境成本的增加将阻碍制造企业高质量发展;越过拐点后,企业的绿色创新能力不断提高,有利于提升制造企业高质量发展水平。②从城市异质性特征来看,当环境规制低于拐点值,环境规制对制造企业高质量发展并不存在异质性特征,当环境规制强度高于拐点值,环境规制可以推动经济发达地区制造企业高质量发展。从企业异质性来看,环境规制对非国有制造企业以及大规模制造企业的高质量发展影响更明显。③机制检验结果表明,环境规制通过成本机制抑制制造企业高质量发展,高强度的环境规制才能通过创新机制提升制造企业高质量发展水平。

关键词: 环境规制, 制造企业, 高质量发展, 成本机制, 创新机制

Abstract: Based on the data of manufacturing enterprises from 2011 to 2017, this paper takes the proportion that the sentences containing word(s) like environmental protection account for in the word count of the whole government work report as the environmental regulation, and the total factor productivity as the high-quality development level, to investigate whether the environmental regulation promotes the high-quality development of manufacturing enterprises. The results show that: (1) there is a U-shaped relationship between environmental regulation and the high-quality development of manufacturing enterprises. When environmental regulation is lower than the specific inflection point, the increase of non-productive environmental cost will hinder the high-quality development of manufacturing enterprises. When environmental regulation crosses the inflection point, the green innovation ability of enterprises is continuously improved, which is conducive to improving the high-quality development level of manufacturing enterprises; (2) from the perspective of urban heterogeneity, when environmental regulation is lower than the inflection point, there is no heterogeneity in the high-quality development of manufacturing enterprises. When the intensity of environmental regulation is higher than the inflection point, environmental regulation can promote the high-quality development of manufacturing enterprises in economically developed areas. From the perspective of enterprise heterogeneity, environmental regulation has a more obvious impact on the high-quality development of non-state-owned manufacturing enterprises and large-scale manufacturing enterprises; and (3) the mechanism test results show that environmental regulation inhibits the high-quality development of manufacturing enterprises through cost mechanism, and high-intensity environmental regulation can improve the high-quality development level of manufacturing enterprises through innovative mechanism.

Key words: environmental regulation, manufacturing enterprises, high quality development, cost mechanism, innovation mechanism