摘要
基于利益相关者理论和生态现代化理论,以2012~2018年中国沪深两市重污染上市企业为样本,实证研究表明:以负面环境报道为指标衡量的媒体关注,能够显著提高重污染企业的绿色技术创新绩效,促使其“知弱图强”而非“捉襟见肘”。然而,过于严苛的宏观环境规制、过于激烈的中观市场竞争,以及过于松散的微观内部控制,均会减弱媒体关注的正向影响。
Based on the stakeholder theory and ecological modernization theory,this study presents an empirical analysis by using data from the listed high-polluting enterprises in Shanghai and Shenzhen stock exchanges from 2012 to 2018.The results show that media coverage,which is measured by negative environmental reports,can significantly improve the green technology innovation performance of high-polluting enterprises,implying the effect of“strengthen”rather than“straiten”.However,this effect can be mitigated by several factors,that is,too strict environmental regulation in macro aspect,too fierce market competition in meso aspect,and too loose internal control in micro aspect will reduce the positive impact of media coverage.
作者
张玉明
邢超
张瑜
ZHANG Yuming;XING Chao;ZHANG Yu(Shandong University,Jinan,China)
出处
《管理学报》
CSSCI
北大核心
2021年第4期557-568,共12页
Chinese Journal of Management
基金
国家社会科学基金资助项目(18BJY108)。
关键词
媒体关注
绿色技术创新
环境规制
市场竞争
内部控制
media coverage
green technology innovation
environmental regulation
market competition
internal control
