3552 
1869在经济绿色转型的时代背景下，采用2007—2021年中国上市公司数据探索资本市场开放对企业绿色创新的影响。研究发现，资本市场开放会推动企业进行绿色创新，特别是实质型绿色创新，并最终提高公司价值，但这种影响会随着开放的重新限制而消失；绿色创新在同行业“陆港通”标的企业间表现为资源竞争的虹吸效应，而在地区内部则表现为溢出效应；企业ESG表现起到门槛作用，随着评级升高资本市场开放对绿色创新的影响关系从抑制变为促进；资本市场开放会通过绿色引导效应和资源支持效应两条路径促进企业绿色创新，命令控制型、市场激励型和公众参与型环境规制工具均能与资本市场开放政策形成合力，在促进绿色创新中起到补充作用；而保障机制检验发现，资本市场开放对企业绿色创新的促进作用是建立在一定程度的非国有经济发展、市场竞争关系和较为完善的内部治理结构基础上的。研究结论为“陆港通”等制度的推出和经济的可持续发展提供了新的证据支持。
资本市场开放能促进企业绿色创新吗？
摘要
参考文献
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引用本文
董竹, 柏向昱. 资本市场开放能促进企业绿色创新吗？[J]. 外国经济与管理, 2024, 46(3): 122-135.
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