文献类型：期刊文献

英文题名：Intergenerational externalities and corporate green innovation

作者：Jiang, Wenbing[1];Wang, Xuejun[2];Du, Lei[3,4]

第一作者：Jiang, Wenbing

通信作者：Du, L[1]

机构：[1]Lanzhou City Univ, Sch Urban Econ, Lanzhou, Peoples R China;[2]Gansu Univ Chinese Med, Sch Econ & Management, Lanzhou, Peoples R China;[3]Cent South Univ, Sch Business, Changsha, Peoples R China;[4]Cent South Univ, Sch Business, 932,South Lushan Rd, Changsha 410083, Hunan, Peoples R China

第一机构：Lanzhou City Univ, Sch Urban Econ, Lanzhou, Peoples R China

通信机构：[1]corresponding author), Cent South Univ, Sch Business, 932,South Lushan Rd, Changsha 410083, Hunan, Peoples R China.

年份：2023

卷号：31

期号：4

起止页码：2212

外文期刊名：SUSTAINABLE DEVELOPMENT

收录：;Scopus(收录号：2-s2.0-85146959973);WOS:【SSCI(收录号:WOS:000920725600001)】；

基金：Doctoral Research Fund of Lanzhou CityUniversity, Grant/Award Number: LZCU-BS2021-04

语种：英文

外文关键词：corporate green innovation; ecological damage claim policy; intergenerational externalities

摘要：Based on the intergenerational externalities views, this paper builds the link between ecological damage claim policy and firms' green innovation. Making polluters bear intergenerational responsibility is considered to be a key move to break intergenerational externalities and effectively address the problem of multiple environmental failures. The ecological damage claim policy makes the environmental rights of future generations being remedied through judicial procedures, and can clarify pollution responsibility to push firms to choose long-term environmental solutions for achieving intergenerational sustainability and maintaining intergenerational justice. Using longitudinal data (2012-2017) covering 4992 Chinese firm-year observations in high-pollution industries, we find that ecological damage claim policy promotes firms' green innovation. This positive effect is stronger when the firm is located in a region with stronger environmental enforcement and more environmental organizations.