摘要
基于整合制度理论从代理理论视角对853家沪深制造业上市公司2015-2019年平衡面板数据进行门槛回归分析,并对三者之间关系进行了探讨。结果表明:随着企业慈善捐赠强度的增加,政府研发补贴对绿色创新的影响呈现边际效益递减的促进作用;企业慈善捐赠对绿色创新的影响存在先正后负的倒U型门槛效应,过高的政府研发补贴强度会诱发企业过度捐赠,完全抵消政府研发补贴对绿色创新的促进作用。
By integrating the perspectives of institutional theory and agency theory,this paper makes a threshold regression analysis of balanced panel data of 853 Shanghai and Shenzhen manufacturing listed companies from 2015 to 2019,and explores the relationship among them.Results show that,with the increase of the intensity of corporate charitable donations,the impact of government R&D subsidies on green innovation shows a promotion effect of diminishing marginal benefits.There is a positive and then negative inverted U-shaped threshold effect of corporate philanthropic donations on green innovation,and the excessive intensity of government.R&D subsidies will induce excessive corporate donations and completely offset the promotion effect of government R&D subsidies on green innovation.
作者
王宏鹏
张阳
田鸣
WANG Hong-peng;ZHANG Yang;TIAN Ming(Business School,Hohai University,Nanjing 211100;Jiangsu Provincial Collaborative Innovation Center of World Water Valley and Water Ecological Civilization,Nanjing 211100;Jiangsu Decision Consulting Research Base(International Development of Enterprises,Nanjing 211100)
出处
《软科学》
CSSCI
北大核心
2022年第7期1-7,15,共8页
Soft Science
基金
国家社会科学基金重大项目(16ZDA046)
江苏省研究生科研与实践创新计划项目(KYCX21-0447)。
关键词
慈善捐赠
政府研发补贴
绿色创新
挤出效应
促进效应
charitable donation
government subsidies
green innovation
extrusion effect
promoting effect
