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

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