摘要
全球能源互联网背景下,中国电力企业将通过资源结构的优化与整合,促进绿色创新,参与能源互联与全球竞争。本文基于权利博弈视角,重点探讨融资结构对绿色创新的影响,识别了电力企业绿色金融形式及其提升绿色创新的作用边界。研究结果显示:债权融资对绿色创新具有显著促进作用,而股权融资能够抑制绿色创新,内源融资的影响具有波动性。并且,出资主体间的权利博弈能够在绿色金融与绿色创新的关系中产生边界效应。因此,电力企业应优化融资结构,升级绿色创新治理机制和创新决策体系,全面提升企业全球竞争优势。
Under the background of global energy network,China's power enterprises promote green innovation,participate in energy interconnection and global competition through the optimization and integration of resource structure. This paper based on the perspective. of power game,focusing on the impact of financial structure on green innovation,identifies the green financial form of power enterprises and the function boundary of promoting green innovation. The results show that. debt financing plays a significant role in promoting green innovation,while equity financing inhibits green innovation,and the impact of internal financing is volatile. Moreover,the power game among investors can produce boundary effect in the relationship between green finance and green innovation. Therefore,the power enterprises should optimize the financing structure,upgrade the green innovation governance mechanism and innovation decision-making system,and comprehensively enhance the global competitive advantage of the enterprise.
出处
《经济与管理研究》
CSSCI
北大核心
2018年第1期93-104,共12页
Research on Economics and Management
基金
国家自然科学基金青年科学基金项目"集团框架内子公司动态竞争行为决策动因及协同效应--基于多层次情境因素的研究"(71602099)
国家电网公司总部科技项目"全球能源互联网构建中宏观战略关键问题研究"(SGSDDK00KJJS1600067)
山东省自然科学基金青年项目"绿色金融视角下山东省制造业企业创新发展驱动机制与提升路径研究"(ZR2017QG001)
