新疆财经

新疆财经 ›› 2025, Vol. 0 ›› Issue (4): 47-58.DOI: 10.16716/j.cnki.65-1030/f.2025.04.005

• 公司治理 • 上一篇    下一篇

法治强化对企业绿色创新的影响——来自中国环保法庭设立的经验证据

周卓凡, 唐亮, 赵恒凯, 刘旭阳   

  1. 阜阳师范大学，安徽 阜阳 236037
  • 收稿日期:2025-03-19 出版日期:2025-08-25 发布日期:2025-08-26
  • 通讯作者: 唐亮
  • 作者简介:周卓凡（2001—），男，阜阳师范大学商学院硕士研究生，研究方向为企业绿色创新与公司治理。
    赵恒凯（1998—），男，阜阳师范大学商学院硕士研究生，研究方向为政府采购。
    刘旭阳（2002—），男，阜阳师范大学商学院硕士研究生，研究方向为耐心资本。
  • 基金资助:
    教育部人文社会科学研究青年基金项目“政府采购促进企业绿色创新的作用机制与实现路径研究”(23YJC790120);安徽省研究生质量工程项目“绿色金融赋能企业绿色创新的效应评估与作用机制研究”(2024xscx129);阜阳市社会科学基金项目“新型城镇化背景下城市更新行动中群众参与路径及保障机制研究”(FSK2024011);阜阳市社会科学基金项目“淮河流域生态系统脆弱性评估方法及综合治理研究”(FSK2024012)

Impact of Strengthening the Rule of Law on Enterprises' Green Innovation — Evidence from the Experience of Establishing Environmental Courts in China

ZHOU Zhuofan, TANG Liang, ZHAO Hengkai, LIU Xuyang   

  1. Fuyang Normal University, Fuyang 236037, China
  • Received:2025-03-19 Online:2025-08-25 Published:2025-08-26
  • Contact: TANG Liang

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摘要：

文章基于2004—2022年中国沪深A股上市公司数据，采用渐进双重差分模型考察环保法庭对企业绿色创新的影响效应与作用机制。研究发现：环保法庭的设立能够显著提升企业绿色创新水平；环保法庭能够通过加大外部融资约束和提高媒体关注度双重途径促进企业绿色创新；在法治化水平较高地区的企业、技术密集型企业、高数字化水平企业、非国有企业中，环保法庭对企业绿色创新的驱动作用更为突出；高管环保背景这一企业内部情境因素强化了环保法庭对企业绿色创新的促进作用，环保法庭的设立对毗邻城市企业的绿色创新具有显著的溢出效应。今后相关部门应深化环境司法专门化改革赋能企业绿色创新，企业应积极响应环保政策，注重高管环保知识的重要性，实现经济稳增与生态治理的双赢。

关键词: 环保法庭, 企业绿色创新, 高管环保背景, 法治强化

Abstract:

The paper is based on data from Chinese A-share listed companies in Shanghai and Shenzhen from 2004 to 2022, and uses a progressive difference in differences model to examine the impact and mechanism of environmental courts on corporate green innovation. The research findings indicate that the establishment of environmental courts can significantly improve the level of green innovation in enterprises; Environmental courts can promote corporate green innovation through a dual approach of increasing external financing constraints and increasing media attention; When listed companies are located in areas with a high level of rule of law and are technology intensive, highly digitized, and non-state-owned enterprises, the driving role of environmental courts in promoting green innovation in enterprises is more prominent; The environmental background of executives, as an internal contextual factor of the enterprise, strengthens the promoting effect of environmental courts on green innovation in the enterprise. The establishment of environmental courts has significant spillover effects on green innovation of enterprises in adjacent cities. In the future, relevant departments should deepen the specialized reform of environmental justice to empower green innovation in enterprises. Listed companies should actively respond to policies, pay attention to the importance of environmental protection knowledge among executives, and achieve synchronous promotion of economic stability and ecological governance.

Key words: environmental protection court, corporate green innovation, senior executives with environmental protection background, strengthening of the rule of law

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