Does environmental, social, and governance performance move together with corporate green innovation in China?

Zheng, Mingbo; Guo, Feng; Jiang, Renai; Chang, Chun‐Ping

doi:10.1002/bse.3211

Cited by 136 publications

(78 citation statements)

References 65 publications

(86 reference statements)

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“…Once cointegration can be established, we employed the panel vector error correction model (VECM) to investigate short- and long-run dynamic corrections between cryptocurrency transaction behaviors and electricity consumption (Zheng et al 2022 ). We applied a two-step procedure (Engle and Granger 1987 ).…”

Section: Methods and Datamentioning

confidence: 99%

The transaction behavior of cryptocurrency and electricity consumption

et al. 2023

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Rapidly increasing cryptocurrency prices have encouraged cryptocurrency miners to participate in cryptocurrency production, increasing network hashrates and electricity consumption. Growth in network hashrates has further crowded out small cryptocurrency investors owing to the heightened costs of mining hardware and electricity. These changes prompt cryptocurrency miners to become new investors, leading to cryptocurrency price increases. The potential bidirectional relationship between cryptocurrency price and electricity consumption remains unidentified. Hence, this research thus utilizes July 31 2015–July 12 2019 data from 13 cryptocurrencies to investigate the short- and long-run causal effects between cryptocurrency transaction and electricity consumption. Particularly, we consider structural breaks induced by external shocks through stationary analysis and comovement relationships. Over the examined time period, we found that the series of cryptocurrency transaction and electricity consumption gradually returns to mean convergence after undergoing daily shocks, with prices trending together with hashrates. Transaction fluctuations exert both a temporary effect and permanent influence on electricity consumption. Therefore, owing to the computational power deployed to wherever high profit is found, transactions are vital determinants of electricity consumption.

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Section: Methods and Datamentioning

confidence: 99%

The transaction behavior of cryptocurrency and electricity consumption

et al. 2023

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“…The “European Green Agreement” covers almost all economic fields such as transportation, energy, agriculture, construction, and so forth. The actions to be taken include investing in environmentally friendly technologies, ensuring more energy‐efficient buildings, supporting industrial innovation, decarbonizing the energy sector, introducing cleaner, cheaper, and healthier public transportation, and working with international partners to raise global environmental standards(Zheng et al, 2022). 8…”

Section: International Experience Of the Ger Policy Practicesmentioning

confidence: 99%

Strategies for the sustainable development of China in the post‐epidemic era

Zhang

Wen

Zou

et al. 2022

Sustainable Development

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Countries around the world are facing enormous challenges in their economic and social development as COVID-19 continues to spread, resulting in slower economic recovery in the post-pandemic era. Considering the impact of economic growth on future sustainable development in this new era, green economic recovery (GER) can achieve a win-win situation between economic recovery and environmental improvement and bring forth environmentally sustainable economic growth. This research first lists related COVID-19 literature surveys and GER policies in the post-pandemic era in China. Based on a comparative study of the international experience of GER policy practices, this paper then analyzes the opportunities and challenges China faces for GER and puts forward countermeasures and suggestions on how to promote its sustainable development in the post-epidemic era. We believe our research presents useful enlightenments for sustainable economic and social development in the post-epidemic era.

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“…They discovered that natural catastrophes negatively impacted technological innovation, with earthquakes, harsh weather, floods, and storms having the most impacts. Zheng et al (2022) offer significant value for decision-makers and businesses to suggest a successful strategy to promote green innovation and raise ESG ("environmental, social, and governance") scores as they investigated the causal relationship between ESG performance and corporate green innovation. Therefore, it is crucial to understand the factors that influence innovation.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Economics of natural disasters and technological innovations in Africa: an empirical evidence

Okolo

Wen

2022

Environ Sci Pollut Res

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This study provides an empirical analysis of the impact of the disaster on technological innovation by employing the instrumental variable (2SLS) method and instrumental variable fixed-effect method in a panel of 45 African economies from 1990 to 2019. The empirical results confirm disaster’s negative and significant impact on innovation. A 1% increase in a disaster will lead to about − 13.750% decrease in scientific journals, − 3.302% decrease in R&D, and − 3.644% decrease in the TFP, respectively. These findings are supported by panel quantile regression. The study identifies four possible channels through which disaster lowers innovation in African economies: (i) reducing trade, (ii) total investment opportunities, and (iii) human capital. Various robustness tests support our findings. Finally, the study bolsters historical capital models for the adoption of cutting-edge technology in the building, provides critical policy recommendations on environmental laws, and advocates for disaster-response policies; decentralization of the energy industry away from disaster-affected areas for greater private sector participation; financial incentives for start-ups to facilitate trade and investment; creating a culture of prevention, preparation, and resilience at all levels via knowledge and innovation; and reconstruction as a method of establishing disaster-resistant structures and habitat to offer a safer living environment.

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Does environmental, social, and governance performance move together with corporate green innovation in China?

Cited by 136 publications

References 65 publications

The transaction behavior of cryptocurrency and electricity consumption

The transaction behavior of cryptocurrency and electricity consumption

Strategies for the sustainable development of China in the post‐epidemic era

Economics of natural disasters and technological innovations in Africa: an empirical evidence

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