Research On The Influence Of Outgoing Audit Of Natural Resource Assets On Enterprises' Green Technology Innovation

Since the reform and opening up,China has sustained rapid economic growth,but at the same time,it has paid a heavy price in terms of resources and the environment.It is estimated that the environmental cost of China's economic growth in the 21st century is close to 10%of its GDP.In recent years,environmental problems such as smog,water quality and soil pollution have become prominent.Building an ecological civilization and realizing green development have become the common aspiration of the country and the people.At the Third Plenary Session of the 18th CPC Central Committee in 2013,it was proposed to carry out the audit of outgoing leading cadres' natural resources and assets,and establish a lifelong accountability system for ecological and environmental damage,which strengthened the leading cadres' responsibility for resource and environmental governance from the institutional design level.Enterprise green technology innovation is the micro foundation of a country's green development.Today,when the country attaches great importance to green and innovative development,it is of great theoretical and practical significance to evaluate the impact of outgoing audit of natural resource assets on enterprises'green technology innovation for better improving the system and strengthening audit supervision to serve the construction of national ecological civilization.Existing studies on the impact of outgoing audit of leading cadres' natural resource assets focus on pollution prevention and control,corporate debt financing and earnings management,etc.,and few studies are carried out from the perspective of corporate green technology innovation.In this paper,the exogenous impact structure quasi-natural experiment of China's natural resource assets outgoing audit pilot in 2014 was used,and the data of 30 provinces(cities)from 2010 to 2018 were selected to construct a differential model and a mediating effect model,and the impact and transmission path of green technology innovation were mainly studied.The main research contents and innovations were as follows:(1)It reveals the influence mechanism of outgoing audit of natural resource assets on green technology innovation of enterprises.From public fiduciary duty,and ecological civilization construction and sustainable development theory perspective of natural resources assets departure audit influence on local officials to evaluation and promotion mechanism,on this basis,combined with the porter hypothesis,the natural resource assets departure from audit by strengthening the party and "head" environmental governance responsibilities,its green management motivation to "reversed transmission" the role of green technology innovation path.From the perspective of government audit theory,the research on driving factors of enterprise green technology innovation is enriched.(2)It verifies the promoting effect of outgoing audit of natural resource assets on green technology innovation of enterprises.Based on the quasi-natural experiment of pilot audit in some areas in 2014,a differential model is constructed.The results show that the audit has a significant positive impact on the green technology innovation of enterprises in the pilot areas,and the impact has a time-lag and an increasing trend in the long run.Specifically,after the implementation of the audit in pilot areas,both green process innovation and green product innovation of enterprises have been significantly improved,and the improvement of green process innovation is more significant.The conclusion provides empirical evidence for stimulating green technology innovation by improving the outgoing audit of natural resource assets.(3)Further,the mediating effect model is constructed to verify that"government R&D subsidy" and "sewage fee" have a mediating effect.The development of natural resources assets departure audit to strengthen the audit supervision over leading cadres and environmental responsibility and deterrence,prompted the local government to increase subsidies for enterprise development and pollution behavior of punishment,and the green innovation of the enterprise and the green behavior "incentive effect" and "constraint effect",superposition of two kinds of effect to promote the enterprise green technological innovation.These findings clarify the transmission path of the impact of outgoing audit of natural resource assets on green technology innovation of enterprises.(4)On the basis of theoretical and empirical analysis,this paper puts forward policy suggestions on strengthening the outgoing audit of natural resource assets and promoting green technology innovation from three dimensions:outgoing audit of natural resource assets,leading cadres and enterprises.On the one hand,we should improve the legal system of natural resource assets,strengthen the application of audit results,improve the ecological responsibility investigation system,and strengthen the supervision and deterrence effect of outgoing audit of natural resource assets.On the other hand,local leaders should take the initiative to fulfill their responsibility for resource and environmental governance,make full use of green innovation subsidies and environmental taxes,improve the market service system for green technology innovation,create a green consumption environment,and guide the green development of enterprises.At the same time,enterprises should adapt to the new requirements of green development,increase investment in green research and development,and realize the win-win situation of profit creation and green development.