Fixed asset changes with carbon regulation: The cases of China

Hong, Dong; Liu, Wei; Liu, Yishuang; Xiong, Zhonghui

doi:10.1016/j.jenvman.2022.114494

Cited by 38 publications

(8 citation statements)

References 73 publications

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“…(1) Firm size ( ): According to the marginal cost theory, large companies can reduce production cost by scale effect, which may have more investment activities than others. We use the total asset to measure the firm size (Dong et al 2022 ; Zhang et al 2019 ). (2) Financial leverage ( ): The financial risk will have a certain influence on investment activities, and we use debt to asset ratio to measure financial leverage level (Wen et al 2018 ).…”

Section: Methodsmentioning

confidence: 99%

Central environmental inspection and corporate environmental investment: evidence from Chinese listed companies

Wang

Hong

Xiao

2022

Environ Sci Pollut Res

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As a new type of environmental policy, the central environmental inspection (CEI) policy is an important innovative strategy in economic transition. Using the panel data of Chinese listed companies from 2011 to 2018, we apply the extended STIRPAT model to examine the direct impact of CEI policy on corporate environmental investment and its heterogeneity effects. The main findings are as follows: (1) The CEI policy has a positive influence on the environmental investment of all listed companies. (2) The promotion effect of CEI policy is quite different among five-round campaigns; while companies in later rounds fails to learn some experiences and lessons from the earlier rounds. (3) Due to the differences in property rights, industries, and environmental situations, the positive effect of CEI policy will be more significant in non-SOEs, companies in non-heavy-pollution industries, and companies in provinces with poor environment performance. This study supplements the research of environmental regulations, potentially contributing to the next stage of green and sustainable development in China.

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Section: Methodsmentioning

confidence: 99%

Central environmental inspection and corporate environmental investment: evidence from Chinese listed companies

Wang

Hong

Xiao

2022

Environ Sci Pollut Res

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“…Emerging studies show that the effects of ETS on regulated firms and regions include reduced carbon emissions (Cui et al, 2021;Yang et al, 2022), improved energy efficiency and fuel switching (Zhu et al, 2022;Tan et al, 2022), technological innovation (Chen et al, 2021), reduced environmental pollution (Liu et al, 2021), economic development (Qi et al, 2021), better financial performance (Yu et al, 2022), and changes in asset structure (Dong et al, 2022). Similar impact factors and channels also apply to coal-fired power plants, despite limited research in this area.…”

Section: Conceptual Analysis and Hypothesesmentioning

confidence: 99%

How carbon emission prices accelerate net zero: Evidence from China's coal-fired power plants

Tan

Wang

et al. 2023

Energy Policy

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“…Wu and Ge (2019) found a non-linear relationship between urbanization and GTFP based on cross-country panel data from the One Belt, One Road. In addition, a U-shaped relationship between economic agglomeration and GTFP has been found (Hao et al, 2022), and the effect of city size on GTFP has been shown to be facilitated and then inhibited (Dong H et al, 2022). Unfortunately, there has been little discussion on how urban sprawl affects GTFP.…”

Section: Measurement and Influencing Factors Of Gtfpmentioning

confidence: 99%

The impact of urban sprawl on green total factor productivity: A spatial econometric analysis in China

Liu

Wu²

2023

Front. Environ. Sci.

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The rapid expansion of Chinese cities has led to serious urban productivity and eco-environment changes, and has therefore attracted considerable international academic attention. The main objective of this study is to investigate the theoretical mechanisms and practical effects of urban sprawl on green total factor productivity (GTFP), in order to provide a reference for optimizing the spatial layout of cities and promoting high-quality economic development. Realistic urban land area and population characteristics are extracted using DMSP/OLS and NPP/VIIRS nighttime lighting data, and LandScan global population dynamics statistics to measure the urban sprawl index. GTFP is measured using a super-SBM model that considers undesirable output. Based on the panel data of Chinese cities from 2006 to 2020, a spatial Durbin model was constructed to carry out the empirical analysis. The results show that, overall, urban sprawl in China is detrimental to its own GTFP, while contributing to the GTFP of neighboring cities. The impacts of urban sprawl vary markedly across cities of different sizes and across regions.

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Fixed asset changes with carbon regulation: The cases of China

Cited by 38 publications

References 73 publications

Central environmental inspection and corporate environmental investment: evidence from Chinese listed companies

Central environmental inspection and corporate environmental investment: evidence from Chinese listed companies

How carbon emission prices accelerate net zero: Evidence from China's coal-fired power plants

The impact of urban sprawl on green total factor productivity: A spatial econometric analysis in China

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