Evaluation of the Implementation Effect of China’s Industrial Sector Supply-Side Reform: From the Perspective of Energy and Environmental Efficiency

Dong, Sisi; Liang-qun, QI; Li, Jiaquan

doi:10.3390/en15093147

Cited by 4 publications

(3 citation statements)

References 26 publications

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“…However, what are the variables that make the de-capacity policy affect firm performance? Based on the implementation details of the de-capacity policy and the related literature, this study comprehensively investigates the specific mechanisms by which de-capacity policy affects the performance of the experimental group in terms of profitability, management efficiency, and human return [25,26].…”

Section: Discussionmentioning

confidence: 99%

The Effects of De-Capacity Policy on Steel and Coal Firms’ Profitability: Evidence from China’s Listed Companies

Tian¹,

Ding²,

Yang³

et al. 2022

Energies

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Chinese overcapacity in the steel and coal industry has been on the rise since 2013, which leads to the misallocation of resources and decreases in production efficiency. In 2015, the Chinese central government adopted a series of de-capacity policies to resolve excess capacity and improve corporate profitability. However, there is scant evidence on the impacts of de-capacity policies on the firm profitability. Based on the data from Chinese listed companies in the steel and coal industry, this study constructs the difference-in-difference (DID) method to investigate the effects of the de-capacity policy on the profitability of listed companies in the steel and coal industry empirically. The results show that the de-capacity policy significantly increases the return on equity (ROE) of the experimental group, which is higher than that of the control group by 12.4%. That is partially because of the improvement in gross profit margin, management efficiency, and return on manpower due to the de-capacity policy. This study offers new evidence on the efficiency of China’s de-capacity policy toward the steel and coal industries through data at the enterprise level.

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Section: Discussionmentioning

confidence: 99%

The Effects of De-Capacity Policy on Steel and Coal Firms’ Profitability: Evidence from China’s Listed Companies

Tian¹,

Ding²,

Yang³

et al. 2022

Energies

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show abstract

“…Wang et al constructed comprehensive indicators for the green development of the coal industry from three aspects: Energy consumption, environment, and resource utilization [51]. Dong et al chose industrial added value as the expected output and CO 2 emissions as the non-desired output to construct indicators for green development in the industrial sector [52].…”

Section: Index Constructionmentioning

confidence: 99%

Efficiency and Influencing Factors of Energy Conservation and Emission Reduction in High-Energy-Consuming Industries Driven by Technological Innovation

Sun¹,

Wang²,

Li³

2023

Pol. J. Environ. Stud.

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High-energy-consuming industries (HECI) are the main sectors of energy consumption and carbon emissions. Technological innovation (TI) driving the energy conservation and emission reduction (ECER) of HECI is critical to achieving carbon neutrality. Using a system theory perspective, this study decomposed the system of ECER of HECI driven by TI into two stages, TI and ECER. Based on panel data of 30 provinces in China from 2015-2020, the network weighted stochastic block model (WSBM) and panel Tobit models were used to measure the efficiency of ECER of HECI driven by TI; the spatial and temporal differences and influencing factors were analyzed. The overall efficiency exhibited a V-shaped pattern of falling, then rising. From a regional perspective, the Northeast region shows a breakthrough growth from a low point to a high point. The East, Central and West regions show similar trends to the national overall, with the total efficiency of the East slightly higher than the West and a lower total efficiency in the Central region. In terms of two-stage efficiency, the efficiency of the ECER stage was higher than that of the TI stage. The rationalization level of industrial structure, green finance development level, and investment in education were the main forces enabling TI to drive the efficiency improvement of ECER in HECI.

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“…From the perspective of the capacity utilization measurement model (data envelopment model), the factors influencing capacity utilization are the input and output indices of the model [30]. In essence, it reflects the ability and efforts of the iron and steel industry in its pursuit of high-quality development.…”

Section: Analytical Frameworkmentioning

confidence: 99%

A study of the impact of de-capacity policies on industry capacity utilization paths: Evidence from the Chinese steel industry

Shi,

Li,

Tang

et al. 2023

PLoS ONE

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The issue of overcapacity has become an unavoidable challenge in the rapid development of nations, constraining economic progress, particularly within industries like steel, coal, and cement. This study, using the example of the Chinese steel industry in the context of supply-side structural reform, employs data envelopment analysis (DEA) models to measure capacity utilization, and ordinary least squares (OLS) models to investigate the impact of capacity reduction policies on the steel industry’s capacity utilization pathways. The research findings indicate that capacity reduction policies have a significantly positive impact on the capacity utilization in the steel industry. They enhance capacity utilization through four pathways: “equipment optimization and upgrade”, “enterprise mergers and restructuring”, “technology innovation-driven”, and “environmental protection regulations”. Among these, “technology innovation-driven” and “environmental protection regulations” play predominant roles, while the effect of “international market expansion” on increasing capacity utilization in the steel industry is not significant. To ensure the sustained effectiveness of capacity reduction policies, the nation should continue to strengthen the “technology innovation-driven” and “environmental protection regulations” pathways. Additionally, it should activate the “national market expansion” pathway, fully exploring the potential for international cooperation to achieve improved capacity utilization in the steel industry.

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Evaluation of the Implementation Effect of China’s Industrial Sector Supply-Side Reform: From the Perspective of Energy and Environmental Efficiency

Cited by 4 publications

References 26 publications

The Effects of De-Capacity Policy on Steel and Coal Firms’ Profitability: Evidence from China’s Listed Companies

The Effects of De-Capacity Policy on Steel and Coal Firms’ Profitability: Evidence from China’s Listed Companies

Efficiency and Influencing Factors of Energy Conservation and Emission Reduction in High-Energy-Consuming Industries Driven by Technological Innovation

A study of the impact of de-capacity policies on industry capacity utilization paths: Evidence from the Chinese steel industry

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