An experimental investigation of bilateral oligopoly in emissions trading markets

Tanaka, Kenta; Matsukawa, Isamu; Managi, Shunsuke

doi:10.1016/j.chieco.2019.101349

Cited by 11 publications

(3 citation statements)

References 24 publications

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“…A firm’s absorptive capacity displays its potential to take in, recognize, and apply outside knowledge. Absorptive capacity has become increasingly important in fostering innovative performance and competitive capabilities [ 26 ].…”

Section: Theoretical Basementioning

confidence: 99%

“…The Two Control Zones (TCZ) policy, the first acknowledged target-based air pollution control strategy in history, has been extensively studied as a quasi-natural experiment to investigate the effects of China’s environmental regulations on pollution reduction, economic growth [ 25 ], infant mortality [ 26 ], and foreign direct investments [ 27 ]. The Key Cities for Air Pollution Control (KCAPC) concept was first put forth in an official document (known as the “two compliance policy”) by the Ministry of Environmental Protection (MEP) in 1998 to enhance the air quality in several significant cities.…”

Section: Introductionmentioning

confidence: 99%

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The Connection between Absorptive Capacity and Green Innovation: The Function of Board Capital and Environmental Regulation

Javeed

Teh

San

et al. 2023

IJERPH

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The stress of environmental regulations, sustainable development objectives, and global warming is becoming more prominent now. Most studies conclude that the industrial sector is largely at fault and under tremendous pressure to address these climate change issues. This study highlights the significance of green innovation to Chinese firms in mitigating these conservational challenges, and the study probes the association between green innovation and absorptive capacity. Additionally, board capital (the social and human capital of directors) and environmental regulation—both drivers of green innovation—are explored as moderators between green innovation and absorptive capacity. With appropriate econometric methods and theoretical support from the natural resource-based review, the resource dependency theory, and the Porter hypothesis, the results indicate the positive relationship between green innovation and absorptive capacity. They also reveal board capital and environmental regulation as positive moderators, emphasizing their significance to green innovation. This study offers several suggestions and directives for stakeholders, such as businesses, policymakers, and governments, to foster green innovation for greater profitability, minimizing negative industrial consequences.

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Section: Theoretical Basementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Connection between Absorptive Capacity and Green Innovation: The Function of Board Capital and Environmental Regulation

Javeed

Teh

San

et al. 2023

IJERPH

View full text Add to dashboard Cite

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“…Unlike traditional command-based environmental regulatory instruments, firms participating in the pilot carbon trading market have the flexibility to decide whether to continue production until the marginal cost of emission reduction is in line with the current trading price (Dai, 2019;Niizawa et al, 2020), without fear of shutting down production or paying a penalty higher than the marginal cost of emission reduction. However, with the increasingly stringent allocation of carbon allowances in various pilot carbon trading markets, although enterprises can respond by actively reducing production or purchasing corresponding carbon credits in the carbon trading market, in the long run, these measures largely run counter to their goal of profit maximization Tanaka et al, 2020). At the same time, as an important market incentive and environmental regulation tool to achieve the "double carbon" target in China, the carbon emission trading pilot will play its role in the long run.…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

Did the “double carbon” policy improve the green total factor productivity of iron and steel enterprises? a quasi-natural experiment based on carbon emission trading pilot

Xu,

Jiang,

Jia

et al. 2023

Front. Energy Res.

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Based on the data of listed companies in China’s iron and steel industry from 2007 to 2020, the article investigates the impact mechanism and the path of action of China’s carbon emissions trading pilot on the green total factor productivity of iron and steel enterprises by constructing a multi-period difference-in-difference model difference-in-differences. The study finds that: 1) China’s iron and steel enterprises significantly improve their green total factor productivity driven by the carbon trading pilot, and the findings pass the corresponding robustness tests. 2) the mechanism analysis indicates that the carbon trading pilot promotes the green total factor productivity of iron and steel enterprises by forcing the technological progress of enterprises. 3) The heterogeneity analysis shows that the positive effect is more significant for large iron and steel enterprises with high social responsibility rating and high local government competition intensity, but not for small enterprises with low social responsibility rating and low local government competition intensity. 4) the dynamic effect shows that there is a certain lag in the promotion effect of the carbon emission trading pilot on the green total factor productivity of iron and steel enterprises, but its long-term effect is more obvious. This paper puts forward corresponding suggestions for accelerating the construction of a national unified green and low-carbon market system and actively promoting the deepening of the “dual-carbon” goal.

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Functioning Model of the Mechanism for Sale and Purchase of Rights for Environmental Pollution on the Territory Given the Assimilation Potential

Kurdyukov

Avlasenko

et al. 2022

Business 4.0 as a Subject of the Digital Economy

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An experimental investigation of bilateral oligopoly in emissions trading markets

Cited by 11 publications

References 24 publications

The Connection between Absorptive Capacity and Green Innovation: The Function of Board Capital and Environmental Regulation

The Connection between Absorptive Capacity and Green Innovation: The Function of Board Capital and Environmental Regulation

Did the “double carbon” policy improve the green total factor productivity of iron and steel enterprises? a quasi-natural experiment based on carbon emission trading pilot

Functioning Model of the Mechanism for Sale and Purchase of Rights for Environmental Pollution on the Territory Given the Assimilation Potential

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