Environmental Court,management Styles And Enterprise High Quality Green Innovation

The legal system plays a fundamental role in environmental governance.Although pollution control has a law to follow for the complete system of laws and regulations with the development of Environmental legislation in China,in reality,the interference of local government and the restriction of traditional judicial system all lead to the problem of "not complying with laws".With the advancement of the specialized reform of environmental justice,environmental justice has become a significant stimulation for corporate environmental improvement.As the core of environmental judicial reform,environmental courts have three characteristics of "trial","independence" and "crossregional ",which could improve regional environmental justice,strengthen regional environment law enforcement and maintain regional environmental legislation.The comprehensive advantages of environmental court are gradually playing an important role in corporate environmental protection.Under the strict judicial supervision from environmental courts,enterprises as the main source of environmental pollution adapt to green mode of development and carry out high-quality green innovation practice.Based on the "city-company-annual" panel data over the period of 2004 to 2020,this paper empirically explores the impact of the quasi-natural experiment of "environmental court" on high-quality green innovation of enterprises by using a multiperiod difference-in-differences model.It is found that: first of all,enterprises in regions with environmental courts have higher quality of green innovation compared with enterprises in regions without environmental courts.environmental courts can effectively promote high-quality green innovation,which leads enterprises to adapt to green and sustainable mode of development;Second,in terms of mechanism,environmental courts mainly drive highquality green innovation of enterprises from forced mechanism.Specifically,environmental courts effectively force enterprises to choose high-quality green innovation for the "win-win" benefits by increasing the pressure of environmental legality and innovation compensation;further,considering the effect of management’s cognition and judgment on the transformation process between external pressure and enterprise behavior,this paper further introduces the management styles into the logical framework of "macro policy—micro behavior",including time and risk orientation for managers.It is proved that the higher the managerial preference for long-term and highrisk orientation,the stronger the impact of environmental courts on high-quality green innovation.This paper not only enriches the theory of green innovation from the perspective of environmental justice,but also extends the micro utility research of environmental courts,which provides theoretical reference and empirical evidence for deepening the reform of environmental justice and promoting the construction of ecological civilization.