Market-Incentive Environmental Regulation and the Quality of Corporate Innovation

Tu, Chao; Shi, Yingfang

doi:10.3390/su15075924

Cited by 3 publications

(1 citation statement)

References 63 publications

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“…The influence of market-incentive ERP on both macro and micro economies has been a hot topic in this field [22][23][24].…”

Section: Literature Review Of Erp's Economic Outcomesmentioning

confidence: 99%

The impact of market-incentive environmental regulation policies on corporate environmental costs: Evidence from China’s carbon trading policy

Qin,

Tu,

Han

et al. 2024

PLoS ONE

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As the world’s largest emitter of carbon, China has implemented a series of environmental regulatory policies to reduce emissions. However, most of these environmental regulations have been at the expense of increased corporate environmental costs. Therefore, research on how to efficiently control these costs is of significant practical importance. This paper uses the China’s carbon trading policy (CTP) implemented in 2013 as a quasi-natural experiment, utilizing data from Chinese listed manufacturing firms between 2008 and 2020. Employing a difference-in-differences (DID) model, the study investigates the impact of market-incentive environmental regulatory policies (ERP) on environmental costs. The findings reveal that CTP significantly reduced the environmental costs of firms, confirming the positive and vital role market-incentive ERP can play in environmental protection and cost control. These conclusions remain robust after a series of stability tests. Mechanism analysis suggests that the cost reductions brought by market-incentive ERP are primarily achieved through increasing green innovation. Heterogeneity analysis shows that non-state-owned enterprises (non-SOEs), key polluting firms, firms with lower financial constraints, and firms with lower total production efficiency benefit more from market-incentive environmental regulatory policies. This study provides new empirical evidence for government policy-making aimed at achieving long-term sustainable development.

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“…The influence of market-incentive ERP on both macro and micro economies has been a hot topic in this field [22][23][24].…”

Section: Literature Review Of Erp's Economic Outcomesmentioning

confidence: 99%

The impact of market-incentive environmental regulation policies on corporate environmental costs: Evidence from China’s carbon trading policy

Qin,

Tu,

Han

et al. 2024

PLoS ONE

Self Cite

View full text Add to dashboard Cite

show abstract

Market-based debt-to-equity conversion and corporate green innovation

2024

Finance Research Letters

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Environmental regulations, GHRM and green innovation of manufacturing enterprises: evidence from China

Tu,

Lu,

Wang

2024

Front. Environ. Sci.

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The contradiction between the economy and the environment is becoming more and more prominent. Green innovation is significant for Chinese manufacturing enterprises considering environmental and economic performance. Based on motivation theory and motivation crowding theory, this study aims to explore the impact of environmental regulations on green innovation of Chinese manufacturing enterprises and the mediating role of green human resource management between environmental regulations and green innovation of enterprises. Using structural equation modeling and SPSS macro, the results of the empirical analysis of 127 manufacturing enterprises in Guangdong Province, China, show that command-controlled regulation, market-incentivized regulation, and voluntary regulation positively impact enterprises’ green innovation, and green human resource management positively affects enterprises’ green innovation. Green human resource management only mediates the relationship between voluntary environmental regulation and green innovation. The study systematically reveals the driving mechanism of green innovation in Chinese manufacturing enterprises and enriches the relevant research on green innovation in manufacturing enterprises.

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Market-Incentive Environmental Regulation and the Quality of Corporate Innovation

Cited by 3 publications

References 63 publications

The impact of market-incentive environmental regulation policies on corporate environmental costs: Evidence from China’s carbon trading policy

The impact of market-incentive environmental regulation policies on corporate environmental costs: Evidence from China’s carbon trading policy

Market-based debt-to-equity conversion and corporate green innovation

Environmental regulations, GHRM and green innovation of manufacturing enterprises: evidence from China

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