講座題目:Environmental regulations, supply chain relationships, and green technological innovation
主講嘉賓: 安雲碧
時 間:2024年6月18日(星期二)上午9:30—11:30
地 點:商學院116東方廳
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江南大學商學院
2024年6月13日
主講嘉賓簡介
安雲碧教授,加拿大皇後大學金融學博士,現任加拿大溫莎大學Odette商學院金融學教授,其主要研究領域包括公司财務金融、資産組合選擇、期權定價、風險管理等。曾在Journal of Corporate Finance, Financial Management, Journal of Banking and Finance, Journal of International Money and Finance, Small Business Economics, Journal of Business Finance and Accounting和Journal of Futures Markets等國際期刊發表論文五十多篇。安教授的學術成果得到了國内外金融理論與實務界的廣泛承認,多次受邀參加EFMA, EFA, MFA, 以及NFA等舉辦的金融學年會,并擔任許多國際著名期刊的審稿專家。
講座主要内容
This paper examines the spillover effect of environmental regulations on firms’ green technological innovation, from the perspective of supply chain relationships. Analyzing data from Chinese listed companies, we find that the average environmental regulatory pressure faced by the client firms of a supplier firm enhances the green patent applications filed by the supplier firm, indicating that environmental regulatory pressure from clients spills over to suppliers. When the industries of suppliers are more competitive or the proportion of their sales from the largest client is higher, suppliers feel more pressured to engage in green innovation, resulting in more green patent applications. Thus, via their negotiation power, client firms can prompt supplier firms to innovate to meet their demand for green technologies. Finally, we show that this effect is particularly pronounced when supplier firms are located in highly marketized regions, receive low R&D government subsidies, or have high ESG ratings.