[No Title Available]

Richers, Raimar

doi:10.1590/s0034-75901961000200012

Cited by 2 publications

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The size of an enterprise is expressed by the logarithm of its total assets (donated in million Yuan). Schumpeter hypothesis holds that smaller firms have less innovation motivation and advantages in technological innovation, while the larger size is more beneficial to technological innovation and productivity [68]. (2) Capital labor density (cd).…”

Section: Other Variablesmentioning

confidence: 99%

Productivity Effect Evaluation on Market-Type Environmental Regulation: A Case Study of SO2 Emission Trading Pilot in China

Feng

Chen

Failler

2020

IJERPH

View full text Add to dashboard Cite

Taking China’s SO2 emissions trading pilot (ETP) in 2007, a large-scale market-based environmental regulation as its target, this paper reexamines the strong Porter hypothesis by adopting the method of propensity score matching-differences-in-differences. Research shows the following results: first, SO2 ETP which provides high flexibility for enterprises in the process of emission reduction, improves total factor productivity (TFP) significantly on the whole. Second, the productivity effect of market-based environmental regulation varies from the productivity level of enterprise. For example, the SO2 ETP has a significant effect on TFP only at 40–80 percent quantile of TFP, and the effect increases at first and then decreases. Third, the financing constraints and bargaining power of enterprises have significant negative moderating effects on the impact of SO2 ETP on TFP, and the moderating effects between state-owned and non-state-owned enterprises exist heterogeneity. In conclusion, it provides reference for the formulation of market-type environmental regulations and the realization of high-quality development for developing countries.

show abstract

Section: Other Variablesmentioning

confidence: 99%

Productivity Effect Evaluation on Market-Type Environmental Regulation: A Case Study of SO2 Emission Trading Pilot in China

Feng

Chen

Failler

2020

IJERPH

View full text Add to dashboard Cite

show abstract

Is venture capital a catalyst for innovative entrepreneurship in China? Empirical analysis based on the PSM‐DID method

Wang

Ran

et al. 2021

Manage Decis Econ

View full text Add to dashboard Cite

Using the data of Chinese nonfinancial listed firms between 2005 and 2019, we adopt the propensity score matching‐difference‐in‐differences (PSM‐DID) model to empirically examine the relationship between VC and innovative entrepreneurship (IE). We find that IE is significantly improved after VC entry, and the promoting effect follows an inverted U‐shape over time. Mechanism tests reveal that the effect of VC on IE works mainly through three channels: alleviating financing constraints, enhancing R&D capability, and appointing directors. Furthermore, VC institutions with joint investment strategy and high shareholding ratio play a more significantly role in promoting IE; for industries with higher competition and area with good property rights protection, VC elevates IE more significantly. Finally, the results reveal a complementary relationship between VC and IE in their effect on firm value, especially for firms in eastern China, followed by those in central China.

show abstract

[No Title Available]

Cited by 2 publications

References 0 publications

Productivity Effect Evaluation on Market-Type Environmental Regulation: A Case Study of SO2 Emission Trading Pilot in China

Productivity Effect Evaluation on Market-Type Environmental Regulation: A Case Study of SO2 Emission Trading Pilot in China

Is venture capital a catalyst for innovative entrepreneurship in China? Empirical analysis based on the PSM‐DID method

Contact Info

Product

Resources

About