范洪敏,孙梦楚

• 1:辽宁大学公共管理学院

摘要(Abstract)：

随着绿色发展观念的深入人心，我国企业漂绿行为引起了学界的广泛关注。现有研究更多关注了正式制度对于企业漂绿行为的影响，忽视了作为非正式制度重要组成部分的宗族文化对于企业漂绿行为的作用。基于2012—2022年沪深A股上市公司数据，本文考察了宗族文化这一独特外在约束对于企业漂绿行为的影响及其作用机制。结果表明，宗族文化显著抑制了企业漂绿行为，经过各种稳健性检验后，这一关系依然成立。机制检验发现，宗族文化主要通过强化环境关注、降低代理成本以及缓解融资约束三种路径影响企业漂绿水平。同时，宗族文化对漂绿的抑制效应在非国有企业、两职分离企业以及资本密集型企业中更为显著。因此，为有效治理企业漂绿行为，应高度重视并充分挖掘宗族文化在推动企业绿色化、低碳化转型中的积极作用，尤其是面临融资约束较强的非国有企业和资本密集型企业。同时可以将宗族文化作为一种非正式制度，与正式监管制度形成有效互补，加大对企业漂绿行为的治理。本文拓展了非正式制度对于企业漂绿行为影响的研究边界，为正式制度与非正式制度如何协同推进企业漂绿治理提供了科学依据。

关键词(KeyWords)： 宗族文化;漂绿行为;环境关注;代理成本;融资约束

Abstract:

Keywords:

基金项目(Foundation): 国家社会科学基金青年项目(22CRK006);; 辽宁省社会科学规划基金重点建设学科项目(L25ZD028);辽宁省社会科学规划基金重点委托项目(L25AWT019);; 辽宁省教育厅重点攻关项目(LJ112510140024);; 辽宁省研究生教育教学改革研究项目(LNYJG2024004);; 中国博士后第18批特别资助项目(2025T181005)的资助

作者(Author): 范洪敏,孙梦楚

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• (1)考虑到本文重点探究的地区层面的宗族文化对于企业漂绿行为的影响,而且企业个体固定效应所控制的企业具有个体层面长期不变的特征,可能会与地区层面的宗族文化高度相关,从而削弱宗族文化的解释力度。因此,本文借鉴潘越等(2019)、王文凯和高德步(2022)等学者做法,选择控制行业固定效应而非企业个体固定效应,以便更清晰地探究地区宗族文化对于企业漂绿行为的影响。 (2)参考马俊峰和徐子尧(2023)做法,选用明清时期进士密度数据的原因在于:第一,明清府级行政区划与当前行政区划差异最小;第二,明清在历代封建王朝中距今较近,对当今经济社会的影响最为直接,数据也最为翔实可靠。 (3)本文同时实证检验了明清进士密度与人均GDP、地方环境规制强度与民众环境关注度的关系,结果均不显著,这进一步证明了明清进士密度工具变量的外生性。再次感谢匿名审稿专家的宝贵意见,当然文责自负。