中央环保督察对制造业企业转型升级的影响——基于市场化进程的中介效应检验

The Influence of Central Environmental Inspection on the Transformation and Upgrading of Manufacturing Enterprises——Based on the Test of Mediator Effect of Marketization Process

中央环保督察制度作为中国环境治理领域的重大制度创新,它使制造业企业面临着压力和挑战的同时,也为制造业企业走自主转型之路提供契机。本文在分析该制度施行过程的基础上,借助2012—2018年中国上市制造业企业年度数据,利用多期倍差法探究中央环保督察对制造业企业转型升级的影响作用。结果表明,中央环保督察整体上通过促进市场化进程推动了制造业企业的转型升级;同时,随着督察批次的增加,该制度对制造业企业的转型升级影响加深,其对东部地区、大规模、技术密集型制造业企业的改善作用更加显著。最后针对以上结论给出建议。

As a major institutional innovation in the field of environmental governance in China,the Central Environmental Inspection system provides opportunities for manufacturing enterprises to undertake independent transformation though they have to face pressure and challenges.Based on the analysis of the implementation process of the system,this paper,with the help of the annual data about listed manufacturing enterprises from 2012 to 2018,explores the influence of the Central Environmental Inspection on the transformation and upgrading of manufacturing enterprises by using the Multiphase Difference-in-Differences design.The results show that the Central Environmental Inspection promotes the transformation and upgrading of manufacturing enterprises by promoting the marketization process.At the same time,with more rounds of inspection going on,this system’s influence goes deeper into the transformation and upgrading of manufacturing enterprises,especially those large technology-intensive manufacturing enterprises in eastern China,which benefit significantly from the system.Finally,suggestions are given for the above conclusions.