| Do Political Connections Promote Innovation in Environmentally Polluting Enterprises? |
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| 作者姓名： | Jianhua Zhang Xiaoqing Li Hung-Gay Fung Penghua Qiao |
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| 作者单位： | School of Economics and Management;College of Economy and Management;College of Business Administration;School of Business and Economics |
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| 基金项目： | the Heilongjiang Province Natural Science Fund(No.G2016002);the Northeast Petroleum University Innovation Team Project(No.KYCXTD201805);the Humanity and Social Science Foundation of the Ministry of Education of China(No.17YJC630112);the National Natural Science Foundation of China(No.71702084). |
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| 摘 要： | We use an unbalanced panel data analysis to examine the effect of political connections(PCs)in state-owned enterprises(SOE)and non-SOEs on the innovation of Chinese environmentally polluting enterprises listed on the Shanghai and Shenzhen Stock Exchanges from 2007 to 2016.Our sample consists of 792 firms and 4587 firm-year observations.There are several interesting findings.First,SOEs that are politically linked to the central government promote more innovation in general and more environmental innovation than SOEs without these links.Second,privately-owned enterprises(non-SOEs)with PCs promote less environmental innovation than non-SOEs without PCs.Third,environmental regulation does not affect the environmental innovation of SOEs but it drives non-SOEs with PCs to become more environmentally innovative.Our results enable us to better understand how PCs and regulations affect environmental innovation.
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| 关 键 词： | ENVIRONMENTAL INNOVATION ENVIRONMENTAL regulation highly polluting ENTERPRISES POLITICAL CONNECTIONS |
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