企业金融化与绿色技术创新——基于媒体关注的调节效应检验

Financialization of Enterprises and Green Technology Innovation:A Test of Moderating Effect Based on Media Attention

以2010—2020年A股上市的非金融企业为样本,实证检验了媒体关注对企业金融化与绿色技术创新关系的调节作用。结果显示,企业金融化显著抑制了绿色技术创新,媒体关注负向调节二者之间的关系。研究成果丰富扩展了企业绿色技术创新的影响因素、传导机制和作用路径。

Taking the non-financial enterprises listed on A-share market from 2010 to 2020 as the sample,this study empirically tests the moderating effect of media attention on the relationship between financialization of enterprises and green technology innovation.The results show that financialization of enterprises significantly inhibits green technology innovation,and media attention negatively moderates the relationship between the two.The study results enrich and expand the influencing factors,transmission mechanism and action path of enterprise green technology innovation.