Research On The Environmental Regulation Impact To Technology Innovation Of Enterprise

Porter Hypothesis hold that proper environmental regulation can encourage enterprises to carry out more innovation activities and these innovation will improve enterprise productivity,so as to offset by the cost of environmental regulation and improve the profitability of enterprises in the market.At present,the development of China's economy is in a superposition of three periods,namely the alterative season of growth speed,structure adjustment in the throes and the digestion phase of early stimulus policy.Implementing “Innovation-driven Development Strategy” in China is the important actions to dissolve the pressure of economic downward,to speed up the Supply-side Structural Reform and to successfully across the "Middle-income Trap".Firstly,this paper focus on combing the related literature about environmental regulation,technology innovation from enterprise,environmental regulation and enterprise technology innovation,and then summarizes the main ideas and conclusions on that study.Secondly,this paper builds the New Classical Economic Model from two angles that are environmental regulation as exogenous variables or endogenous variable,mainly analyzes the impact conditions of environmental regulation on enterprise technology innovation in various situations.Thirdly,this paper analysis the characteristics and the current situation on the environmental regulation and the enterprise technology innovation,including the Space-time evolution characteristics of the environmental regulation and the current situation analysis of enterprise technological innovation.Fourthly,this paper constructs the threshold model of the panel through using the profit ratio of sales as an indicator variable,and examines the influence of environmental regulation on enterprise technology innovation from regional heterogeneity.Finally,this paper puts forward some concrete and targeted suggestions for environmental regulation policy and enterprise technical innovation.In this paper,the results showed that: from the research of theoretical model,environmental regulation of exogenous variables can not promote enterprise technology innovation,but environmental regulation of endogenous variables can stimulate the behavior of enterprise technological innovation,which conform to the mentioned contents of Porter Hypothesis.From the analysis of empirical model,the effect of environmental regulation on enterprise technology innovation presents "U" type in nationwide,and the threshold value for the enterprise profit ratio of sales is12.8832%.The similar conclusion is also in the western region.However,the influence of environmental regulation on enterprise technology innovation is significantly negative in the eastern and northeast region,and there is no significant role of environmental regulation in promoting enterprise technology innovation in the central region,because of the differentiation of enterprise decision-making on production showing serious.Therefore,the government need to take three measures:one of those is to improve the path of environmental regulation and build a platform for technological innovation.The second one is to realize the sharing of information and create opportunities for technological innovation.Third,it is reasonable to face different phenomena and enhance technological innovation ability.