环境执法监督对企业绿色创新的影响

以环保约谈制度实施为契机，基于合法性理论和遵从理论，考察环境执法监督对企业绿色创新的影响及其机制。研究发现：环境执法监督会有效地促进企业绿色创新，即环保约谈显著地提高了被约谈地区企业的绿色创新水平。拓展性检验与分析后发现，环境执法监督对企业绿色创新的促进作用主要表现在低融资约束企业和低代理成本企业中。影响机制探索后发现，环境执法监督通过提高企业环境成本、环境处罚力度和企业环保投资，进而促进企业绿色创新。

The Impact of Environmental Law Enforcement Supervision on Enterprises' Corporate Green Innovation

This article takes the environmental protection talks system as an opportunity to examine the impact of environmental law enforcement supervision on corporate green innovation based on the theory of legitimacy and compliance. The study finds that: Environmental Law enforcement supervision effectively promotes the corporate green innovation, that is, environmental protection talks significantly improve the level of corporate green innovation in the interviewed areas. After expansive inspection and analysis, it finds that the promotion mainly reflects in low financing constraints enterprises and low agency cost enterprises. After exploring the impact mechanism, it finds that Environmental Law enforcement supervision promotes the corporate green innovation by improving the corporate environmental costs, environmental penalties, and corporate environmental investment.