Does informal environmental regulation matter? Evidence on the different impacts of communities and ENGOs on heavy-polluting firms’ green technology innovation

Guo, Linying; Hu, Chuan; Fan, Mengjuan; Mao, Jianghua; Tian, Meng; Wang, Zihao; Wei, Yuanying

doi:10.1080/09640568.2023.2197554

Cited by 3 publications

(1 citation statement)

References 87 publications

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“…Second, informal environmental regulation can guide enterprises to improve their environmental performance and enhance their GTFP through nonmandatory means such as information transmission or social pressure [12,[39][40][41][42][43]. Specifically, informal environmental regulation can adopt various approaches, including media public opinion, environmental petitions, and various spontaneous protest methods, to assist enterprises in improving their environmental management and reducing environmental risks, thereby achieving environmental protection and sustainable development goals.…”

Section: Dual Environmental Regulation and The Gtfpmentioning

confidence: 99%

The Non-Linear Effect of Dual Environmental Regulation on Urban Green Total Factor Productivity: Evidence from 284 Cities in China

Zheng,

Zhou,

Zhou

2024

Sustainability

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This study utilizes the super-efficiency SBM model to assess green total factor productivity, employs textual analysis to assess formal environmental regulation, and applies the entropy weighting method to assess informal environmental regulation using a dataset of 284 cities between 2003 and 2020. This study also employs the two-way fixed effects model and SDM to empirically examine the impact of dual environmental regulation on urban green total factor productivity. Based on the research results, the overall trend indicates that dual environmental regulation has a positive “U”-shaped impact on the green total factor productivity of both local and neighboring areas, and the improvement of green total factor productivity in the local area will lead to a corresponding increase in the green total factor productivity of neighboring cities. Heterogeneity analysis shows that formal environmental regulation has a significant effect in the Yangtze River Delta, the Pearl River Basin, and non-resource-based cities, but not in the Bohai Rim Economic Circle or resource-based cities; in all regions outside the Pearl River Basin, informal environmental regulation has a non-linear “marginal increasing effect” on green total factor productivity. These findings remain robust to a number of robustness and endogeneity issues. The study findings indicate that to optimize the influence of dual environmental regulation on green total factor production, governments should meticulously devise new environmental regulations and build novel channels for regional collaboration to enhance their supportive effects.

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Section: Dual Environmental Regulation and The Gtfpmentioning

confidence: 99%

The Non-Linear Effect of Dual Environmental Regulation on Urban Green Total Factor Productivity: Evidence from 284 Cities in China

Zheng,

Zhou,

Zhou

2024

Sustainability

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Substantive transformation or strategic response? The impact of a negative social responsibility performance gap on green merger and acquisition of heavily polluting firms

Sun,

Wang

et al. 2023

Journal of Environmental Planning and Management

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The Impact of ESG Rating Events on Corporate Green Technology Innovation under Sustainable Development: Perspectives Based on Informal Environmental Regulation of Social Systems

Yuan,

Luan,

Wang

2024

Sustainability

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Corporate green technology innovation is an important driver to promote the green transformation of the manufacturing industry 4.0 and an important engine to achieve China’s carbon peak, carbon neutrality, and high-quality economic development. Based on the theory of informal environmental regulation of social systems, this study empirically analyzes the impact of ESG rating events on corporate green technology innovation by constructing a multi-period DID model using panel data of Chinese listed companies from 2010 to 2022 as the research sample. The findings suggest that ESG rating events and ESG scores can stimulate corporate green technology innovation. ESG rating uncertainty can inhibit corporate green technology innovation. The mediation effect analysis shows that ESG rating events can stimulate firms’ green technology innovation by reducing financing constraints, increasing the degree of corporate internal control, and increasing R&D investment. In addition, heterogeneity analyses indicate that ESG rating events have a better stimulating effect on the quantity of innovation of non-state-owned enterprises than state-owned enterprises, while the stimulating effect on the quality of innovation of non-state-owned enterprises is inferior to that of state-owned enterprises. Moreover, the innovation stimulation effect of ESG rating events shows a trend of east-high and west-low in geographical distribution. Therefore, the government should accelerate the construction of the ESG rating system, promote the degree of convergence with international standards, and improve the level of enterprises’ utilization of digital technology while paying attention to informal environmental regulation.

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Does informal environmental regulation matter? Evidence on the different impacts of communities and ENGOs on heavy-polluting firms’ green technology innovation

Cited by 3 publications

References 87 publications

The Non-Linear Effect of Dual Environmental Regulation on Urban Green Total Factor Productivity: Evidence from 284 Cities in China

The Non-Linear Effect of Dual Environmental Regulation on Urban Green Total Factor Productivity: Evidence from 284 Cities in China

Substantive transformation or strategic response? The impact of a negative social responsibility performance gap on green merger and acquisition of heavily polluting firms

The Impact of ESG Rating Events on Corporate Green Technology Innovation under Sustainable Development: Perspectives Based on Informal Environmental Regulation of Social Systems

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