经济理论与经济管理 ›› 2022, Vol. 42 ›› Issue (4): 27-39.

• • 上一篇    下一篇

环境规制如何影响了制造企业的成本加成率

  

  1. 1  南京师范大学商学院;  2  南京大学经济学院。
  • 出版日期:2022-04-16 发布日期:2022-05-09
  • 基金资助:
    本文得到国家自然科学基金青年项目(71903096)、国家社会科学基金重大项目(18ZDA077)、国家社会科学基金一般项目(20BJY001)的资助。

HOW DOES ENVIRONMENTAL REGULATION AFFECT THE MARKUP RATIO OF MANUFACTURING ENTERPRISES

  1. 1. School of Business, Nanjing Normal University;
    2. School of Economics, Nanjing University
  • Online:2022-04-16 Published:2022-05-09

摘要: 本文以“十一五”以来环境规制政策的实质性推进为“准自然实验”,基于2000—2011年《工业企业污染排放数据库》和《中国工业企业数据库》合并得到的微观面板数据,运用双重差分倾向得分匹配方法(PSM-DID),考察环境规制政策实施对制造企业成本加成率的影响效果及其微观作用机制。研究发现,环境规制政策显著提升了制造企业的成本加成率;环境规制对成本加成率的促进作用主要通过创新补偿机制实现,市场结构变动机制对成本加成率的影响不明显,遵循成本机制对成本加成率的影响为负;环境规制政策对高污染行业和中部地区制造企业成本加成率的促进效果更强。

关键词: 环境规制, 成本加成率, PSM-DID, 制造业

Abstract: Based on the Chinese industrial enterprise pollution emission database and Chinese industrial enterprise database over the period from 2000 to 2011, this paper uses PSMDID method to investigate the effect of environmental regulation on the markup ratio of manufacturing enterprises and its micro mechanism, in which the substantial promotion of environmental regulation stringency since the 11th Fiveyear Plan is regarded as quasi natural experiment. The empirical results of the total sample show that the environment regulation has produced a positive effect on markup ratio. Mediation effect tests show that the promotion effect of environment regulation on markup ratio is majorly driven by innovative compensation mechanism, the effect of an increase in compliance cost caused by environmental regulation has produced a negative effect on markup ratio and the effect of the market structure mechanism is not significant. The results of sub sample regression show that the promotion effect of environmental regulation on the markup ratio is more obvious in high pollution industries and in middle regions.

Key words:  , environmental regulation, markup ratio, PSMDID, manufacturing