摘要
绿色金融作为绿色技术创新的助推剂,在促进企业绿色技术创新的过程中发挥着重要的作用。本文利用2012年《绿色信贷指引》实施作为准自然实验,选取2010~2017年沪深A股上市公司的面板数据为研究样本,使用DID双重差分法实证检验绿色信贷政策实施对高环境风险企业绿色技术创新的影响。结果表明,相较于非高环境风险行业,《指引》实施后对高环境风险行业上市公司的绿色技术创新促进作用更强,促进了其企业绿色专利数量的增加。通过异质性分析发现,绿色信贷政策对高环境风险行业上市公司的绿色发明专利和绿色实用新型专利数量均具有显著的正向影响,但对绿色发明专利的促进作用更加明显。最后,对规范和完善绿色信贷政策以及加快绿色金融与企业绿色技术创新更好地融合发展提出了相关建议。
As a booster of green technology innovation,green finance plays an important role in promoting green technology innovation of enterprises.Using the implementation of green Credit Guidelines in 2012 as A quasi-natural experiment,panel data of A-share listed companies in Shanghai and Shenzhen from 2010 to 2017 were selected as research samples,and the impact of green credit policy implementation on green technology innovation of enterprises with high environmental risk was empirically tested using DID differential method.The results show that compared with non-high environmental risk industries,the implementation of the Guidelines has a stronger effect on promoting green technology innovation of listed companies in high environmental risk industries,and promotes the increase of the number of green patents of their enterprises.Through heterogeneity analysis,it is found that green credit policy has a significant positive impact on the number of green invention patents and green utility model patents of listed companies in high environmental risk industries,but the promotion effect on green invention patents is more obvious.Finally,some suggestions are put forward to standardize and improve green credit policies and speed up the integration of green finance and green technology innovation of enterprises.
出处
《浙江金融》
2021年第12期59-66,20,共9页
Zhejiang Finance
关键词
绿色金融
绿色信贷
绿色技术创新
绿色专利
双重差分法
Green Finance
Green Credit
Green Technology Innovation
Green Patent
Difference in Differences Method
