Environmental Regulation and Corporate Social Responsibility: The Impact of Executive Authority and Equity Concentration Ratio on Technological Innovation
DOI:
https://doi.org/10.5755/j01.ee.36.1.35985Keywords:
Environmental Regulation, Corporate Social Responsibility, Technological Innovation, Executive Authority, Ownership ConcentrationAbstract
During the 75th session of the United Nations General Assembly, the Chinese government presented a proposal indicating its commitment to enhance its independent national contribution by implementing robust policies and measures, with the objective of achieving carbon neutrality by 2060. As the main energy consumption and pollutant emission enterprises, manufacturing enterprises should also take the initiative to grasp the opportunity of carbon neutral development and respond to the national call. In addition, technological progress as a potential solution to environmental pollution, how should enterprises promote technological innovation? These problems need further study. In view of this, this study selects 2011-2020 China a-share manufacturing listed enterprises, using fixed effects model, analyse the impact of environmental regulation, corporate social responsibility, CEO Power and equity concentration on corporate technological innovation. Research shows that environmental regulation, corporate social responsibility, CEO Power and equity concentration all have a significant positive impact on technological innovation, CEO Power and equity concentration play a positive moderating role in the impact of environmental regulation and corporate social responsibility on technological innovation.