主　题：Environmental regulations, supply chain relationships, and green technological innovation

时　间：2023年10月31日（周二）10:20

地　点：清水河校区经管楼A307

主　讲：加拿大温莎大学  安云碧 教授

主持人：李平 教授

主讲人简介：

安云碧教授，加拿大皇后大学金融学博士，现任加拿大温莎大学Odette商学院金融学教授，金融系主任。其主要研究领域包括公司财务金融、资产组合选择、期权定价、风险管理等。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等国际期刊发表论文五十多篇。安教授的学术成果得到了国内外金融理论与实务界的广泛承认，多次受邀参加EFMA、EFA、MFA以及NFA等举办的金融学年会，并担任许多国际著名期刊的审稿专家。

讲座简介：

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.

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中国资本市场研究中心

经济研究中心

2023年10月23日