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| 生态补偿政策促进了企业高质量发展吗？——来自黄河流域制造业的经验证据 |
| Has the Ecological Compensation Policy Promoted High-Quality Development of Enterprises? |
| DOI： |
| 中文关键词: 生态补偿 黄河流域 制造业 高质量发展 |
| 英文关键词:Ecological compensation Yellow River Basin Manufacturing industry High-quality development |
| 基金项目:甘肃省哲学社会科学规划项目“关系投资支持甘肃农民农村共同富裕的内在逻辑、实现途径和关键举措”（2022QN025）；甘肃省人文社会科学项目“甘肃高质量发展内生动力的驱动要素以及作用机制研究”（22ZZ77）；甘肃政法大学校级科研项目“黄河流域制造业高质量发展：动力与实现路径”（GZF2022XZD05）；甘肃省高等学校创新基金项目“关系投资驱动企业参与乡村振兴的路径及实施条件”（2021A-095） |
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| 中文摘要: |
| 黄河流域环境污染及其高质量发展已成为当前国内关注的重要问题，我国为应对黄河流域生态恶化带来的挑战制定了一系列环保政策。文章立足生态补偿政策并构建准自然实验，以2005-2019年黄河流域A股制造业上市公司为研究对象，运用多期双重差分法实证检验生态补偿政策对黄河流域制造业高质量发展的影响。研究发现：生态补偿政策的实施促进了黄河流域制造业高质量发展水平的提高且存在明显的区域异质性，具体表现在对黄河流域上游制造业高质量发展的促进作用显著，对中下游地区影响均不显著。社会责任承担和政府补助增加是生态补偿政策推进黄河流域制造业高质量发展的重要方式。上述研究结论在经过PSM-DID、更换被解释变量、安慰剂检验后仍然具有稳健性。研究全面考虑到了生态补偿政策在流域内不同区域发挥作用的渠道，有利于充分发挥生态补偿政策在黄河流域生态治理和高质量发展中的功效。 |
| 英文摘要: |
| Environmental pollution in the Yellow River Basin and its high-quality development have become important issues of domestic concern. China has formulated a series of environmental protection policies to respond to the ecological degradation of the Yellow River Basin. In this regard, this article uses ecological compensation policies to construct a quasi-natural experiment, and takes A-share listed manufacturing companies in the Yellow River Basin from 2005 to 2019 as the research objects. The study uses a multi-period difference-in-differences (DID) method to empirically test the impact of ecological compensation policies on the high-quality development of the manufacturing industry in the Yellow River Basin. It was found that the implementation of ecological compensation policies promoted the high-quality development of the manufacturing industry in the Yellow River Basin, and there was obvious regional heterogeneity. Specifically, the promotion effect on the high-quality development of the manufacturing industry in the upper reaches of the Yellow River Basin was much significant than that on the middle and lower reaches. Corporate social responsibility and government subsidies were identified as important ways to promote the high-quality development of the manufacturing industry in the Yellow River Basin through ecological compensation policies. The above research conclusions are robust after undergoing PSM-DID, replacing the explanatory variables, and placebo tests. The study fully considers the channels through which ecological compensation policies play a role in different regions of the basin, which is conducive to improving the ecological compensation policy and realizing the effectiveness of ecological compensation in ecological governance and high-quality development in the Yellow River Basin. |
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