The Relation Between Air Quality And Corporate Innovation Level

Since the reform and opening up in the late 1970s,China’s economy has made remarkable achievements,and GDP has become the second place in the world,and it has become an influential big country in the world.However,behind the achievements,China’s air quality and economic development show a reverse trend.With the rapid economic development,the air quality also drops rapidly.The deterioration of air quality has serious consequences for human life and production activities,on the one hand,threatens human physical and mental health,on the other hand,it also affects people’s production and reduces its efficiency.Air pollution has also had various adverse effects on the operation of the national economy,making the For the main body of the national economic operation,enterprises have also been impacted to a certain extent.Environmental protection will help to alleviate all kinds of adverse effects brought by air pollution.However,to deeply understand the significance of environmental protection to enterprise behavior and then to economic development,we should first carry out corresponding research on air quality and enterprise behavior.The question studied in this paper is the relationship between the air quality and the level of enterprise innovation,namely whether the air quality has a corresponding impact on the enterprise innovation level,and what nature of this impact is.This paper first combing,integrating and summarizing the relevant domestic and foreign documents,based human capital theory,and relying on the relevant theories of air quality and enterprise innovation,and then deduced the logical connection between the two and puts forward research assumptions.Secondly,using empirical method,taking Chinese listed companies from 2007-2017 as research samples,using air quality data at the urban level and explore air quality and enterprises with OLS method The relationship between the industry innovation level.The study has found that air quality has a positive relationship with the level of enterprise innovation.Next,we made relevant tests on the nature of the property rights and the industry,and found that in the non-state-owned enterprises and the high-tech industry enterprise group,the positive relationship between the air quality and the enterprise innovation level is obvious,while in the state-owned enterprises and the non-high-tech industry enterprise group,the relationship between the air quality and the enterprise innovation level is not obvious.Further research found that the quality of air quality,cash holding level,scale of research and development investment,enterprise market competition,urban scale,regional industrial structure,local government environmental supervision and other factors are all in air quality and enterprise innovation level The relationship plays a certain role in it,which shows that there is heterogeneity between air quality and the enterprise level of innovation.This paper also uses the tool variable of Qinling-Huaihe line to alleviate the endogeneity,alleviates the endogeneity to a certain extent through the tool variable regression,analyzes the correlation test and analysis of the tool variables,and proves that the selected tool variables are credible.In order to make the empirical results more credible,this paper means to replace the interpreted variables,replace the explanatory variables,examine the manufacturing industry separately,and eliminate the inconsistent samples between the office and registration,and the regression results show that the empirical results are robust.This paper empirically tests the influence of the air quality on the innovation level of the enterprise,enriches the theoretical research of the macro natural factor of the air quality,also expands the research field of the enterprise innovation,and enriches the cross academic research of the micro enterprise behavior affected by the macro environment.In practice,for the relationship between environmental protection and economic development,this paper provides strong empirical evidence for the coordinated development from the perspective of the enterprise.