连锁董事网络社区结构与企业绿色创新同群效应

摘要/Abstract

摘要： 绿色创新是绿色低碳发展的核心驱动力。在“双碳”目标与企业高质量发展的双重背景下，本文以2010—2018年沪深A股上市公司为样本，利用复杂网络社区划分技术，构建企业连锁董事网络社区，实证检验了企业绿色创新是否存在同群效应。研究发现，企业绿色创新会受到连锁董事网络社区结构内企业的正向影响，即绿色创新存在同群效应，且经济政策不确定性会加剧这一效应。进一步研究发现，当企业同群群体规模较大、所处行业竞争激烈和产权性质为非国有企业时，绿色创新同群效应更为显著。机制检验表明，连锁董事网络社区内企业的异质性信息学习和代理模仿行为是绿色创新同群效应产生的原因。此外，绿色创新同群效应因连锁董事的绿色经历和海外背景而表现出差异。本文的研究结论不仅在理论上丰富了企业绿色创新影响因素的相关研究，在实践上也为推动中国企业绿色创新提供了理论支持和经验证据。

关键词: 绿色创新, 同群效应, 连锁董事网络社区结构, 信息学习, 代理模仿

Abstract: Green innovation is a key driver of sustainable, low-carbon development. This study analyzes a sample of listed Chinese companies from 2010 to 2018, utilizing complex network community segmentation techniques to construct networks of interlocking corporate directors. We empirically investigate whether peer effects within these networks influence corporate green innovation. Our findings indicate that green innovation is positively affected by peer firms within the same network community, an effect that intensifies under economic policy uncertainty. Further analysis reveals that peer effects are more pronounced in larger groups, in more competitive industries, and among firms with non-state ownership. Mechanistic tests suggest that these peer effects arise from diverse information learning and imitation behaviors within the network. Additionally, variations in green innovation peer effects are influenced by the directors’ green experience and international background. This research not only expands the theoretical understanding of factors driving corporate green innovation but also offers practical insights and evidence to support the promotion of green innovation in Chinese enterprises.

Key words: green innovation, peer effects, community structure, information learning, agent imitation

钱奇, 陈琳, 谢光华, 翟哲, 赵龙峰. 连锁董事网络社区结构与企业绿色创新同群效应[J]. 管理评论, 2025, 37(9): 84-96.

Qian Qi, Chen Lin, Xie Guanghua, Zhai Zhe, Zhao Longfeng. The Community Structure of Interlocking Directors Network and Corporate Green Innovation Peer Effects[J]. Management Review, 2025, 37(9): 84-96.

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