碳中和目标下绿色投资与企业环境治理——基于技术创新的中介效应检验

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Abstract Corporate environmental governance is an important factor of achieving high-quality environmental development,and green investment and technological innovation are ways to influence corporate environmental governance.In the context of carbon neutrality,this paper adopts balance panel data of China's Shanghai and Shenzhen A-share listed manufacturing companies from 2012 to 2019 to construct evaluation system including 26 indicators and 5 aspects named as government regulation,pollutant emission information,environmental pollution governance,disclosure carrier and environmental management,and uses the ordinary least square to explore the relationship and mechanism between green investment and corporate environmental governance and further uses the Probit model and Bootstrap intermediary effect test methods to test the robustness.The results show the followings.①The level of environmental governance among manufacturing enterprises varies greatly and is generally low.The increase of green investment by enterprises can significantly improve the level of environmental governance.②The intermediary effect shows that green investment stimulates the motivation of enterprises to carry out technological innovation,which plays a partial mediating role between green investment and corporate environmental governance,and the level of intermediary effect is 19.89 percent.There is still a lot of room for improvement.The research conclusions enrich the relevant theory on green development and broaden the related discussions in the field of environmental governance.

Key words： Green investment Corporate environmental governance Technological innovation Carbon neutrality Intermediary effect

Received: 08 December 2021

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F062.4

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	Li Xiaomei
	Li Manman

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Li Xiaomei,Li Manman. Research on Green Investment and Corporate Environmental Governance Under the Target of Carbon Neutrality——Test of Intermediary Effect Based on Technological Innovation[J]. , 2022, 3(9): 118-127.

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http://www.zgkjlt.org.cn/EN/ OR http://www.zgkjlt.org.cn/EN/Y2022/V3/I9/118

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