How do environmental subsidies affect the environmental performance of heavily polluting enterprises: evidence from China

Liao, Feimei; Hu, Yaoyao; Xu, Shulin

doi:10.1080/1331677x.2022.2160777

Cited by 4 publications

(2 citation statements)

References 58 publications

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“…EPSs received by companies are disclosed in the notes of their annual reports, including the amount and specific details [97]. With reference to current research [98], this study adopts manual screening by searching the notes to the financial statements of companies' annual reports for the keywords "energy saving," "emission reduction," "pollution control," "environmental protection," "clean," "green," and other such keywords. The government subsidy amounts for all entries are then summed.…”

Section: Independent Variablesmentioning

confidence: 99%

Impact of Environmental Regulation on Corporate Green Technological Innovation: The Moderating Role of Corporate Governance and Environmental Information Disclosure

Ying,

Jin

2024

Sustainability

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Environmental degradation is an important issue facing the world today. Microcosmically, green technical innovation is needed to decrease environmental pollution. Therefore, exploring the relationship between the two is of great significance for promoting environmental protection and sustainable development. Thus, this research elucidates the interaction between green innovation (GI) and environmental regulations (ERs). This study utilizes the fixed effects model to examine how government environmental protection subsidies (EPSs) in market-incentive ER and environmental management system certification (EMSC) in voluntary participatory ER affect GI among listed companies in China. The sample observation period is from 2012 to 2021. Additionally, the impact of corporate governance (CGL) and environmental information disclosure (EID) on the relationship between ERs and GI within businesses is investigated. The empirical results show that both government environmental protection subsidies and environmental management system certification positively affect green innovation, and both corporate governance and environmental information disclosure positively moderate the impact of government environmental protection subsidies and environmental management system certification on green innovation. The above empirical results are still valid after a robustness test and can guide the formulation of government ERs, as well as corporate strategies for environmental management and GI.

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Section: Independent Variablesmentioning

confidence: 99%

Impact of Environmental Regulation on Corporate Green Technological Innovation: The Moderating Role of Corporate Governance and Environmental Information Disclosure

Ying,

Jin

2024

Sustainability

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“…shareholders in these types of enterprises, so that the mixed-ownership reform can play a real role in improving the performance of operations and optimizing the quality of decision-making in these enterprises [35].…”

Section: Plos Onementioning

confidence: 99%

Governance of non-state-owned shareholders and corporate capital structure decision: A mechanism test from the opportunistic behavior of management

Wang¹,

Liao

et al. 2023

PLoS ONE

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It is an important measure in the reform of state-owned enterprises to improve the efficiency of capital operation by introducing non-state-owned shareholders. This paper explores the impact of non-state shareholder governance on capital structure decision-making by using the data of 2008–2021 A-share state-owned listed companies from the perspective of the speed and deviation of capital structure adjustment. The results reveal that only non-state shareholding has no significant impact on the capital structure adjustment of a company. However, the appointment of senior management by non-state shareholders can speed up the capital structure adjustment and lower the degree of capital structure deviation. Moreover, when the capital structure goes down, the appointment of non-state-owned shareholders plays a larger role in accelerating the capital structure adjustment, which makes the deviation from the actual capital structure and the target capital structure smaller. Further research shows that the above relationship between non-state shareholder governance and the optimization and adjustment of the capital structure only exists in local SOEs and competitive SOEs. In addition, the path test found that non-state shareholder governance affects the dynamic adjustment of capital structure by reducing opportunism behavior of management rather than by financing constraints.

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Who will Spend more Pollution Abatement Costs: does Size Matter?

Wang,

Fan,

Zhang

2024

Environmental Management

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How do environmental subsidies affect the environmental performance of heavily polluting enterprises: evidence from China

Cited by 4 publications

References 58 publications

Impact of Environmental Regulation on Corporate Green Technological Innovation: The Moderating Role of Corporate Governance and Environmental Information Disclosure

Impact of Environmental Regulation on Corporate Green Technological Innovation: The Moderating Role of Corporate Governance and Environmental Information Disclosure

Governance of non-state-owned shareholders and corporate capital structure decision: A mechanism test from the opportunistic behavior of management

Who will Spend more Pollution Abatement Costs: does Size Matter?

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