摘要
在开放经济背景下,运用2013-2017年进行绿色投资披露的A股上市公司样本,分析了企业的出口行为对绿色投资的影响。研究结果表明:(1)企业出口行为能有效带动绿色投资的提升;(2)对于资本密集度高、行业竞争程度高的企业,出口对绿色投资的拉动作用更明显,同时,绿色信贷能够进一步促进企业绿色投资行为;(3)出口主要通过规模经济渠道、竞争渠道对绿色投资行为产生影响,并且随着TFP增加,出口对企业绿色投资影响呈现出U形特征。研究结论为提高我国出口企业国际声誉、实现企业清洁生产提供了相应经验证据。
Under the background of globalization, and using the green investment data of A-share listed companies during the period of 2013-2017, the article analyzes the effect of firms’ export behavior on its own green investment. The results show that:(1) The proportion of export income has a positive effect on firms’ green investment.(2) For the enterprises with higher capital intensity and higher degree of industrial competition, exportation plays a more significant role in increasing green investment. Furthermore, green credit can promote green investment behavior of exporters.(3) The proportion of firm’s export income has U-shaped influence on its green investment as TFP increases. The paper provides relevant empirical evidence for improving the international reputation and realizing clean production of China’s export enterprises.
作者
马妍妍
俞毛毛
MA Yanyan;YU Maomao(School of International Trade and Economics,University of International Business and Economics,Beijing 100029,China)
出处
《经济经纬》
CSSCI
北大核心
2020年第3期71-80,共10页
Economic Survey
基金
国家自然科学基金青年项目(71803017)。
关键词
绿色投资
出口-生产率悖论
绿色金融
规模效应
Green Investment
Productivity Puzzle of China’s Exporters
Green Finance
Economy of Scale
