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首页> 外文期刊>Technological forecasting and social change >Quantity or quality? The impacts of environmental regulation on firms' innovation-Quasi-natural experiment based on China's carbon emissions trading pilot
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Quantity or quality? The impacts of environmental regulation on firms' innovation-Quasi-natural experiment based on China's carbon emissions trading pilot

机译：数量或质量？环境监管对基于中国碳排放交易飞行员的企业创新 - 准自然实验的影响

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摘要

Recently, research on environmental regulation and firms' innovation has emerged in large numbers. However, the research on the impact of China's carbon emission trading system (CETS) pilot policy on innovation quality is really lack. In order to fill this gap, this paper uses the panel data of China's A-share listed firms in 2008-2016, and adopts difference in difference in difference (DDD) model constructs a quasi-natural experiment on the impacts of CETS on quantity and quality of innovation. The results show that the CETS has a significantly positive effect on the quantity and quality of innovation, but the impact of the CETS on the innovation quantity, low-quality innovation and high-quality innovation are decreasing in turn. The CETS only promotes the innovation quantity and high-quality innovation of state-owned shares firms, large-size firms and eastern-section firms. In addition, according to mechanism test, after the implementation of the CETS pilot, if the government simultaneously reduces subsidies to "treatment group" firms, it can not only enlarge the direct promotion effect of CETS on the quantity and quality of innovation, but also eliminate the offsetting effect of government subsidies on "compliance costs", thereby Indirectly promote the improvement of the quantity and quality of innovation.
机译：最近，环境监管和公司的创新研究已经存在大量。但是，对中国碳排放交易系统（CETS）试验政策对创新质量的影响的研究实际上缺乏。为了填补这一差距，本文使用了2008 - 2016年中国A股上市公司的面板数据，差异差异差异（DDD）模型构建了对CET对数量的影响的准自然实验创新质量。结果表明，该公司对创新的数量和质量具有显着积极影响，但CES对创新数量，低质量创新和高质量创新的影响依次下降。该公司仅促进国有股份公司，大型公司和东部公司的创新数量和高质量创新。此外，根据机制测试，在执行CETS试点后，如果政府同时减少补贴“治疗组”公司，它不仅可以扩大CES的直接促进效果对创新的数量和质量，还可以扩大CET的数量和质量。消除政府补贴对“合规成本”的抵消效应，从而间接促进改善创新的数量和质量。

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