系统管理学报2026，Vol.35Issue(2)：462-477,16.DOI:10.3969/j.issn2097-4558.2026.02.012
同行绿色转型是否会倒逼企业绿色创新
Does Peer Green Transformation Force Enterprises to Pursue Green Innovation?
摘要
Abstract
Using management discussion and analysis(MD&A)texts of A-share listed companies in Shanghai and Shenzhen stock markets from 2005 to 2020,this paper constructs a green transformation index system for firms using Word2Vec,and enables an empirical examination of the spillover effects of peers'green transformation on focal corporate green innovation.The results show that peers'green transformation significantly promotes corporate green innovation.This spillover effect is strengthened by higher media attention,greater reliability of information disclosure,and more intense industry competition.Further analysis explores the roles of corporate governance and financing constraints as mechanisms and transmission channels,and demonstrates that the spillover effect varies significantly depending on industry pollution levels,regional economic development,policy uncertainty,and ownership structure.This paper uncovers the real drivers of corporate green innovation from a novel perspective,extends the existing literature,and provides empirical and theoretical support for promoting industry-wide green coordination and informing government policy-making.关键词
词向量技术/同行绿色转型/企业绿色创新/溢出效应Key words
Word2Vec/peers'green transformation/corporate green innovation/spillover effect分类
管理科学引用本文复制引用
朱劲松,刘钰莹,郑旭..同行绿色转型是否会倒逼企业绿色创新[J].系统管理学报,2026,35(2):462-477,16.基金项目
国家社会科学基金资助项目(22XGLO14) （22XGLO14）
