高管任期、企业技术创新与环境绩效实证研究——以新环保法施行为事件窗口

An Empirical Study on Executive Tenure,Technology Innovation and Environmental Performance——Take the Implementation of the New Environmental Protection Law as an Event Window

运用可持续发展理论和高层梯队理论,以2012-2017年我国重污染行业上市公司为样本,以新环保法施行为事件窗口,考察企业技术创新对环境绩效的影响以及高管任期在这一影响中的调节作用。结果发现:企业技术创新与环境绩效呈显著正相关;既有任期在企业技术创新影响环境绩效过程中的调节作用呈倒U型;预期任期在企业技术创新影响环境绩效过程中起正向调节作用。进一步考察新环保法施行后发现,新环保法施行之后,企业技术创新与环境绩效之间的正向关系以及既有任期和预期任期的正向调节作用均更加显著。研究结论对于深入认识新环保法的重要性,加强人力资源管理,推动企业技术创新具有一定启示意义。

This paper uses sustainable development theory and upper echelons theory,selects listed companies in heavy polluting industryof Shanghai and Shenzhen from 2012 to 2017 as research samples,and take the implementation of the New Environmental Protection Law as an event window to analyze the effect of technology innovationon environmental performance and the moderating effect of executive tenure on this effect.This paper finds:there is a significant positive correlation between technological innovation and environmental performance.The moderating effect of theexisting tenure is an inverted U type.And the moderating effect of theexpectedtenure is positive.Considering the implementation of the New Environmental Protection Law,this paper finds that the positive relationship between technological innovation and environmental performance,as well as the positive moderating effect of the existing and expected tenure are more significant.These conclusions can help us deeply understand the importance of the New Environmental Protection Law,strengthen management of human resources,and promote technology innovation.