How does financial openness affect pollution emission of industrial enterprises?—Empirical evidence from the entry of foreign banks in China

Liu, Bei; Bao, Xing; Qiu, Zhaoxuan; Zhang, Yunyun; Xia, Qiu

doi:10.1002/sd.2826

Cited by 5 publications

(1 citation statement)

References 61 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Li et al [14,37] has shown a detrimental correlation between natural resources and environmental quality. Thus, natural resources have the potential to greatly improve environmental quality while simultaneously fostering economic development [16].…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Nexus between Innovation–Openness–Natural Resources–Environmental Quality in N-11 Countries: What Is the Role of Environmental Tax?

Qamruzzaman,

Karim,

Kor

2024

Sustainability

View full text Add to dashboard Cite

This research investigates the intricate relationship between financial openness, natural resources, and carbon neutrality in the N-11 countries. It provides insights into how environmental tax and innovation can drive carbon neutrality in these nations, thus advancing our understanding of the nexus among financial openness, natural resources, and carbon neutrality. The study aims to offer policymakers perspectives on formulating policies to foster sustainable economic development and environmental conservation in the N-11 nations. The discourse highlights the environmental implications of foreign direct investment (FDI) and trade openness, revealing a complex interplay between economic development, technological innovation, and environmental sustainability. While FDI can facilitate technological transfers and managerial advancements that enhance resource efficiency and promote environmentally friendly practices, its environmental impact varies based on regulatory frameworks and enforcement mechanisms. In countries with weak environmental regulations, FDI may lead to negative outcomes such as pollution hotspots, resource depletion, and ecosystem degradation. Similarly, trade openness can exacerbate environmental degradation through increased production, energy consumption, and waste generation. However, both FDI and trade openness can contribute positively to environmental sustainability when coupled with effective environmental policies, investment in green technology, and the promotion of sustainable practices. Thus, policymakers must strike a balance between economic development and environmental protection by implementing stringent environmental regulations, promoting clean technology transfer, and fostering sustainable development practices domestically and internationally. This research offers valuable insights for policymakers aiming to navigate the complexities of achieving carbon neutrality while ensuring sustainable economic growth in the N-11 countries.

show abstract

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Nexus between Innovation–Openness–Natural Resources–Environmental Quality in N-11 Countries: What Is the Role of Environmental Tax?

Qamruzzaman,

Karim,

Kor

2024

Sustainability

View full text Add to dashboard Cite

show abstract

The impact of reducing trade barriers on enterprises' pollution emissions: Evidence from China

Hong,

Liu,

Liu

et al. 2024

Manage Decis Econ

View full text Add to dashboard Cite

Trade and pollution are important issues for people's well‐being. However, less attention has been paid to the study of changes in international trade rules affecting the emission behavior of micro firms. This paper takes the quota restriction of the multi‐fiber arrangement (MFA) lifted as an exogenous impact and explores the impact of trade barriers reduction on pollution emissions of textile industries using the difference‐in‐differences (DID) method. The results show that (1) after the quota restriction of the MFA was lifted, the reduction of trade barriers increased the pollution emissions of the textile industry. The enterprises' SO2 emission intensity with trade barriers reduced increases by 8.1% compared to the industries with trade barriers that have not been reduced. (2) The impact of the trade barrier reduction on enterprises' pollution emissions varies with the type of enterprise ownership, export nature, and enterprise scale. For private enterprises, export enterprises, and large‐scale enterprises, the promotion effect of trade barrier reduction on enterprises' pollution emissions is more significant. (3) The mechanism test results show that the increase in SO2 emission intensity is mainly caused by the increase in the market share of enterprises, the deterioration of energy structure, and the increase in pollution output of enterprises. Therefore, it is critical to reduce enterprises' pollution emissions by maintaining a reasonable market share, optimizing energy structures, and increasing investment in pollution treatment equipment. This study reveals that changes in MFA international trade rules have profoundly influenced the production decision‐making behavior of companies in exporting countries, producing deep implications for enterprise pollution emission behavior and providing empirical evidence and management guidance for developing countries' development of environmentally friendly trade policies and responses to trade‐induced environmental pollution shocks.

show abstract

The policy gap between finance and economy: Evidence from China's green finance policy

Fu,

Li,

Qiu

et al. 2024

Energy Economics

View full text Add to dashboard Cite

How does financial openness affect pollution emission of industrial enterprises?—Empirical evidence from the entry of foreign banks in China

Cited by 5 publications

References 61 publications

Nexus between Innovation–Openness–Natural Resources–Environmental Quality in N-11 Countries: What Is the Role of Environmental Tax?

Nexus between Innovation–Openness–Natural Resources–Environmental Quality in N-11 Countries: What Is the Role of Environmental Tax?

The impact of reducing trade barriers on enterprises' pollution emissions: Evidence from China

The policy gap between finance and economy: Evidence from China's green finance policy

Contact Info

Product

Resources

About