Analysis of the Impact of Environmental Regulation on the Green Innovation R&D Mechanism of Equipment
Journal Title: International Journal of Social Science And Human Research - Year 2023, Vol 6, Issue 10
Abstract
As a critical part of promoting the transformation of China's traditional manufacturing industry to intelligent manufacturing, the equipment manufacturing sector has the problems of high consumption and high pollution, which brings enormous environmental pressure and intensifies the contradiction between economic growth and environmental protection while rapidly boosting China's economic growth. To effectively deal with the relationship between economic development and environmental protection and achieve sustainable economic development, the Chinese government has introduced a series of environmental protection policies to promote the transformation of heavily polluting enterprises to green development with technological innovation as the intrinsic driving force. This paper analyzes the annual report data of 508 listed equipment manufacturing enterprises on the main board of Shanghai and Shenzhen A-shares from 2010 to 2019, explores the current situation of R&D investment of relevant enterprises, and analyzes the influence of different factors on R&D investment rate according to the model. The study concludes that there is a significant positive correlation between the equity financing rate and environmental regulation and the R&D investment rate of enterprises. Environmental regulation can significantly enhance the correlation between the equity financing rate and the R&D investment rate of enterprises.
Authors and Affiliations
Yang Wang, Wei-hua Yuan
Keywords
Related Articles
- EP ID EP722782
- DOI 10.47191/ijsshr/v6-i10-77
- Views 63
- Downloads 0
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