Green technology innovation development in China in 1990–2015

Qin-hua, Wang; Qu, Jianhua; Bao, Wang; Wang, Penglong; Yang, Taibao

doi:10.1016/j.scitotenv.2019.134008

Cited by 192 publications

(81 citation statements)

References 6 publications

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“…However, Wang et al (2019), using China's macro-level data from between 1990 and 2015, came to different conclusions. China has made significant progress in green innovation; however, based on the multi-production factor indicators following environmental adjustment, the development of China's economy still depends on factors like production capital rather than improvements in productivity [20]. Similarly, Stucki (2019) found in his study that only 19% of the companies with the highest energy cost inputs could receive a positive return on green innovation investment, while most companies do not necessarily receive a return [21].…”

Section: Green Innovation and Firm Valuementioning

confidence: 99%

“…When Rezende et al (2019) studied 356 multinational companies in Brazil, they found that the impact of green innovation on corporate financial performance was not evident within the same year but showed a significant positive impact in the following years [19]. However, Wang et al (2019), using China's macro-level data from between 1990 and 2015, came to different conclusions. China has made significant progress in green innovation; however, based on the multi-production factor indicators following environmental adjustment, the development of China's economy still depends on factors like production capital rather than improvements in productivity [20].…”

Section: Green Innovation and Firm Valuementioning

confidence: 99%

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The Interaction Effect between ESG and Green Innovation and Its Impact on Firm Value from the Perspective of Information Disclosure

2020

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Few studies have been conducted on whether the coexistence of green innovation and corporate social responsibility (CSR) has a favorable interaction effect on firm value. This interaction effect is of great significance for enterprises balancing resource allocation between two factors in the future. Meanwhile, information disclosure can reflect the efforts of enterprises in taking on CSR. Therefore, taking China's listed companies as an example, this paper studies the interaction effect of CSR after being divided into the three different dimensions of environment, society, and governance (ESG) and green innovation on firm value. The quantile regression method can reflect the impact of CSR and green innovation on the firm value of different levels. The study finds that:(1) green innovation can promote the improvement of medium-and high-level firm value; (2) only the disclosure of environmental and social information can have a positive impact on firm value; (3) the interaction effect between green innovation and social disclosure on firm value is a substitution effect, which will gradually weaken with the increase of firm value. This paper proposes that relevant departments should guide green funds into enterprises with capital constraints to alleviate the issue of fund crowding into CSR and green innovation.

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Section: Green Innovation and Firm Valuementioning

confidence: 99%

Section: Green Innovation and Firm Valuementioning

confidence: 99%

The Interaction Effect between ESG and Green Innovation and Its Impact on Firm Value from the Perspective of Information Disclosure

2020

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“…In recent years, China, as the world's largest emerging economy, has paid more and more attention to green innovation and spared more efforts on green development. Though green innovation in China makes some progress in terms of environmental‐related technology and patents; however, there is a very large gap to completely realize green development for China's development is driven more by labor, production, and natural capital rather than productivity improvement (Wang, Qu, Wang, Wang, & Yang, 2019).…”

Section: Introductionmentioning

confidence: 99%

Business strategy and sustainable development: Evidence from China

Liu

Kong

2020

Bus Strat Env

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This study examines whether and how business strategies affect firms' sustainable development from the view of green innovation. We show that firms following prospector strategy engage in less sustainable development behaviors than those following defender strategies. The negative relation between business strategy and green innovation continues to hold when addressing robustness with alternatives of business strategy and green innovation and addressing potential endogeneity with instrumental variable. We further find that political connection strengthens whereas environmental regulation weakens the negative relation between business strategy and green innovation. Finally, we explore the economic consequences of green innovation caused by strategic differences. Regrettably, the win–win situation of environment and development does not come true.

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“…The aim and specific path to achieve this reform are the actual emission reduction as well as grid parity between traditional and clean energy (Chen et al 2014;Mamat et al 2020). Under the dual influences of policy regulation and fiscal subsidy, China's photovoltaic (PV) industry has achieved a great-leap forward development (Ding et al 2016;Wang et al 2019;Zhu et al 2019). The year of 2020 is a critical period for China's PV power generation, in which the development of PV industry is moving from the fiscal subsidy dependence to grid parity (Yao and Cai 2019).…”

Section: Introductionmentioning

confidence: 99%

The influence of COVID-19 on grid parity of China’s photovoltaic industry

Song

Liu

et al. 2020

Environ Geochem Health

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With the more efficient involvement of both technology and policy factors in China's whole industry-chain, the year 2020 is a key period for photovoltaic (PV) industry to achieve grid parity. In this context, COVID-19 may trigger a certain timedelay in new installed PV projects, thereby bringing an uncertain influence on the whole PV industry. To forecast the influence degree and influence cycle of COVID-19 on PV industry, this paper firstly clarifies the key features of epidemic situation as well as the basic rule of such pandemics' transmission along industry-chain. Then this paper constructs a system dynamics model targeting at cost accounting of PV power generation under the influence of COVID-19 and thus forecasts the variation rules, superposition effects and influence cycle of levelized cost of energy (LCOE) of PV power generation and the operations cost of each subsystem. Empirical results show that PV industry has a lag response to the COVID-19 for 1 quarter and periodic response for 4 quarters, which is mainly embodied in the rise of short-term production cost. At the same time, the influence of COVID-19 on the upstream firms of PV industry is stronger than that on downstream firms. With the gradual recovery of whole industry-chain, LCOE of PV power generation will rapidly return to the previous expected level of grid parity by the end of 2020.

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Green technology innovation development in China in 1990–2015

Cited by 192 publications

References 6 publications

The Interaction Effect between ESG and Green Innovation and Its Impact on Firm Value from the Perspective of Information Disclosure

The Interaction Effect between ESG and Green Innovation and Its Impact on Firm Value from the Perspective of Information Disclosure

Business strategy and sustainable development: Evidence from China

The influence of COVID-19 on grid parity of China’s photovoltaic industry

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