Government’s awareness of Environmental protection and corporate green innovation: A natural experiment from the new environmental protection law in China

Zhen-ming, Fang; Kong, Xiaoran; Şensoy, Ahmet; Cui, Xin; Cheng, Feiyang

doi:10.1016/j.eap.2021.03.003

Cited by 151 publications

(82 citation statements)

References 52 publications

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“…The first perspective is based on Pigouvian tax [ 25 ]. Pigouvian tax, named after economist Arthur C. Pigou, is considered to be equal to the value of the negative externality.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Village Rules and Formal Environmental Regulations on Farmers’ Cleaner Production Behavior: New Evidence from China

Liu

2021

IJERPH

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Village rules and formal environmental regulations are of great significance for standardizing farmers’ cleaner production behavior, promoting green transformation of agriculture and realizing sustainable development of agriculture. Based on the survey data of 946 farmers in five provinces of China, taking seed coating technology, soil testing and formulated fertilization technology, subsoiling tillage technology, green technology for pest and disease control and straw returning technology as examples, this article empirically analyzes the impact of village rules and formal environmental regulations on farmers’ cleaner production behavior by using the multivariate probit model. When formal environmental regulations are relatively lacking or weak, village rules can be used as a useful supplement to formal environmental regulations to promote farmers’ participation in cleaner production. Based on this, this article argues that the important reason for formal environmental regulations falling into relative system failure is that village rules have not been paid enough attention in promoting farmers’ cleaner production behavior. In the future, we should not only continue to strengthen the role of formal environmental regulations in farmers’ cleaner production, but also cultivate the informal institution represented by the village rules, and build the regulatory system of mutual support between informal institution and formal institution.

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“…The first perspective is based on Pigouvian tax [ 25 ]. Pigouvian tax, named after economist Arthur C. Pigou, is considered to be equal to the value of the negative externality.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Village Rules and Formal Environmental Regulations on Farmers’ Cleaner Production Behavior: New Evidence from China

Liu

2021

IJERPH

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“…Following existing literature, the environmental performance of individual firms in this paper is represented by the carbon footprint. As researched by previous studies, the corporate environmental performance mainly includes corporate carbon emissions (Chen et al 2017 ; Flammer 2021 ), green patents (Ooba et al 2015 ; Fang et al 2021 ), environmental penalties (Peng et al 2021 ), corporate social responsibility reports and ESG ratings (Sabbaghi 2020 ; Ting 2021 ). Among them, carbon emission is the most concerning factor for a company’s environmental performance, and therefore, it is suggested that the former one could be directly regarded as a proxy of ecological friendliness of individual firms (Fan et al 2013 ; Tang and Zhang 2020 ; Flammer 2021 ).…”

Section: Introductionmentioning

confidence: 99%

Crude oil price uncertainty and corporate carbon emissions

Wei

Ren

et al. 2021

Environ Sci Pollut Res

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Low-carbon transformation has become a key priority in China, as demonstrated in the implementation of the Carbon Peak, Carbon Neutralization policy, leading to increasing concern of environmental performance at the corporate level. This paper measures the carbon emission of 1,089 Chinese companies through the EIO-LCA-based approach. Then we examine the impacts of international crude oil price fluctuations and the corporate development level on carbon emissions of individual companies. Our results indicate that an increase in international crude oil price uncertainty could inhibit the company’s carbon emission. In parallel, we find that there might exist an environmental Kuznets curve (EKC) inverted U-shaped correlation between the company’s development level and its environmental performance. However, some exceptions to corporate carbon performance may emerge, resulting from specific corporate characteristics such as the state-owned nature and whether the firm is listed on the stock exchange. Our results could help companies optimize their internal carbon emission structure during the low-carbon transition process and contribute to effective policy regulations towards the target of carbon reduction.

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“…In this context, numerous academicians have examined the impact of government involvement on GTI from the perspective of environmental regulation. While several studies conclude that direct environmental regulation exerts a positive incentive effect on GTI in heavily polluting industries (Cai et al 2020;Fang et al 2021), other studies suggest that the influence gradually changes from suppression to promotion (Liu et al 2020;Song et al 2020). However, studies on the relationship between environmental regulation and GTI cannot fully explain the overall concept of the drivers of GTI because their positive incentives have been largely ignored.…”

Section: Introductionmentioning

confidence: 99%

“…First, this study may be the first to investigate the influencing factors of GTI from the perspective of EAs. Based on the Porter hypothesis (Porter and Van der Linde 1995), most of the existing literature on GTI primarily examines how regulatory behaviors force companies to adopt GTI from the viewpoint of environmental regulation (Cai et al 2020;Li and Xiao 2020;Fang et al 2021); the influence of positive incentive measures has largely been ignored. Our study can address this gap by linking corporate GTI with EAs.…”

Section: Introductionmentioning

confidence: 99%

Can environmental awards stimulate corporate green technology innovation? Evidence from Chinese listed companies

Lai

Wang

Guo

2021

Environ Sci Pollut Res

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Based on the environmental awards granted by credible third parties to recognize firms' devotion to environmental protection, this study examines the impact of environmental awards on firms' green technology innovation by using a data sample comprising Chinese A-shares listed firms for a period of 2007 to 2019. Our results show that environmental awards can significantly promote corporate green technology innovation. This finding remains valid after endogenous and robustness testing, including the alternative measure of green technology innovation, and the replacement of the estimation method with the Poisson regression and the negative binomial regression. Additional tests reveal that this influence is exerted through increased long-term loans and government environmental subsidies. Moreover, our study reveals that this effect only exists among non-state-owned enterprises, companies with high financial risk, and heavily polluting enterprises. Compared to extensive studies on how environmental regulation forces companies to conduct green technology innovation, this study provides essential guidance on the role played by positive incentives in driving corporate green technology innovation from the perspective of environmental awards.

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Government’s awareness of Environmental protection and corporate green innovation: A natural experiment from the new environmental protection law in China

Cited by 151 publications

References 52 publications

The Impact of Village Rules and Formal Environmental Regulations on Farmers’ Cleaner Production Behavior: New Evidence from China

The Impact of Village Rules and Formal Environmental Regulations on Farmers’ Cleaner Production Behavior: New Evidence from China

Crude oil price uncertainty and corporate carbon emissions

Can environmental awards stimulate corporate green technology innovation? Evidence from Chinese listed companies

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