From an Aging Society to a Green Society: Annuity Systems and Corporate Green Technology Innovation
高齢化社会からグリーン社会へ：年金制度と企業のグリーン技術革新 (AI 翻訳)
Xiaoqiu Chen, Hao Yang, Yilong Li, Qichen Qiu
🤖 gxceed AI 要約
日本語
本論文は、中国の企業年金制度の拡大を利用し、年金導入が企業のグリーン技術革新を促進することを実証した。人的資源の質向上、資金制約緩和、経営者の近視眼的行動軽減がメカニズムとして機能する。深い高齢化地域やデジタル化・ガバナンスの高い企業で効果が顕著である。労働市場と環境持続可能性の統合的視点を提供する。
English
This paper exploits China's expansion of the second-pillar pension system to show that annuity systems significantly enhance corporate green technology innovation. Mechanisms include improved human resource quality, relaxed financing constraints, and reduced managerial myopia. Effects are stronger in regions with deeper aging and firms with higher digitalization and governance. The study integrates labor market dynamics with environmental sustainability, offering insights for demographic transitions and sustainable development.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本も高齢化が進む中、企業年金制度のグリーン技術革新への影響を示す本結果は、日本の企業年金運用におけるESG統合やGX投資促進政策に示唆を与える。ただし中国市場に基づく分析であり、直接適用には慎重な検討が必要。
In the global GX context
This paper contributes to global GX by linking demographic aging with corporate environmental innovation through pension systems. It provides empirical evidence that pension plans can serve as a mechanism for green transition, relevant for countries with aging populations seeking to align retirement savings with sustainability goals. It advances the literature on corporate sustainability and labor market interactions.
👥 読者別の含意
🔬研究者:Useful for scholars studying the intersection of aging, labor markets, and corporate green innovation; offers causal evidence and mechanisms.
🏢実務担当者:Corporate sustainability teams can consider leveraging pension plan design to encourage green technology investment.
🏛政策担当者:Policymakers in aging societies can explore pension system reforms as a tool to promote green innovation and achieve dual demographic and environmental goals.
📄 Abstract（原文）
Population aging and environmental pollution have become critical challenges to global sustainable development. Against this backdrop, we aim to explore the largely underexamined economic role of corporate pension plans in promoting corporate environmental sustainability, beyond their traditional function of mitigating demographic aging risks. Leveraging China's rapid expansion of the second pillar of its pension system, we empirically investigate the association between corporate pension plans and firms' environmental sustainability practices, based on 51,435 firm‐year observations of Chinese A‐share listed firms over the period 2007–2024. Our results indicate that the implementation of annuity systems significantly enhances firms' green technology innovation. This finding remains robust across a battery of identification strategies, including instrumental variable estimation, Heckman two‐stage models, propensity score matching, and placebo tests. Mechanism analyses suggest that annuity systems promote green technology innovation by improving the quality of human resources, alleviating financing constraints, and mitigating managerial myopia. Cross‐sectional analyses further indicate that the effect is more pronounced as Chinese society transitions into the stage of deep aging, particularly in regions with higher levels of population aging, and among firms with greater levels of digitalization and corporate governance. Overall, our study integrates labor market dynamics with socio‐ecological sustainability within the context of population aging, thereby providing novel insights into synergistic pathways for addressing demographic transitions and advancing sustainable development globally.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1111/beer.70106first seen 2026-05-15 21:27:00
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。