| Rising global temperatures cause glaciers to melt and sea levels to rise.Abnormal climate change will affect human production and life,and the global consensus has been reached to curb temperature rise and reduce carbon emissions.As a responsible major country,China has launched a carbon emission trading policy,and plans to gradually include all industries in carbon emission control and make a commitment of "carbon peak and carbon neutral".At the same time,we will promote the concept of green and low-carbon development and encourage enterprises in various industries to make green technological innovations.As the main body of market economy,enterprises’ production activities,especially green technology innovation,are more susceptible to external policies.Since 2011,China has issued and gradually improved a series of carbon trading policies,implementing a "dual track" parallel pilot carbon market and national carbon market.As a market-oriented environmental policy,carbon emission trading policy guides enterprises to develop green and low-carbon economy through green technological innovation.The pricing of carbon emission permits has an impact on the production behavior of enterprises,and the rise of production costs promotes enterprises to develop green technology innovation,so as to achieve the overall goal of reducing carbon emissions and production costs.At the same time,the enterprise will bring green development into its strategic layout,and seek green,sustainable and circular development.Therefore,this paper explores the influence mechanism of carbon emission trading policy on enterprise green technology innovation,so as to coordinate enterprise development with regional governance and ecological environment,and improve enterprise core competitiveness in the increasingly fierce market competition.Firstly,this paper determines the purpose and significance of the research based on the current situation of China’s environmental policy and carbon market development.Through the analysis of the core research issues,the relevant research status at home and abroad is sorted out.Secondly,the origin and connotation evolution of concepts such as carbon emission rights and green technology innovation are sorted out,the scope of research pilot is determined,the concepts of local official replacement and corporate social responsibility are defined,and the externality theory,Coase property rights theory,Porter hypothesis theory and political cycle theory are combined with this study to lay a theoretical foundation.Third,analyze the status quo of China’s carbon trading market and enterprise green technology innovation.Fourthly,this paper expounds the research hypothesis from the perspectives of the relationship between carbon emission trading policy and enterprise green technology innovation,the mediating role of corporate social responsibility,and the moderating role of local official replacement.The model is established according to the characteristics and relations of the research object.Fifth,select the annual data of listed companies from 2010 to 2019 according to the time point of policy impact and data availability.The number of green invention patents granted by enterprises is selected as the proxy variable of green technology innovation of enterprises,and the dual difference model and zero expansion negative binomial model are used to analyze.Verify the impact of carbon trading policy on enterprise green technology innovation;At the same time,corporate social responsibility as a mediating variable,local officials replacement as a moderating variable,further discuss the role of corporate social responsibility and local officials replacement in carbon emission trading policy and enterprise green technology innovation mechanism.The results show that :(1)as a market-oriented policy,carbon emission trading policy can positively stimulate green technology innovation of listed companies;(2)CSR plays a partially mediating role in the relationship between carbon emission trading and enterprise green technology innovation;(3)The replacement of local officials will weaken the positive incentive effect of carbon emission trading policy on enterprises’ green technology innovation.This paper studies green technology innovation from the perspective of carbon emission trading policy and expands the research field of influencing factors of green technology innovation.It is also beneficial to supplement the research on carbon emission trading policy and enterprise behavior.This will help the government and enterprises better understand the impact of carbon emission policy on enterprise decision-making,and provide reference for enterprise managers to make emission reduction planning and innovative decisions. |
PDF Full Text Request