Official environmental accountability policy and firm’s environmental violations: evidence from a quasi-natural experiment in China

Wei, Huafei; Du, Lei

doi:10.1007/s10668-023-03479-4

Cited by 4 publications

(5 citation statements)

References 29 publications

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“…On the one hand, the government exercised direct control through the carbon quota allocation policy, imposing penalties on firms that exceed their allowances (Wang et al, 2019). As a result, heavily polluting industries required to tackle external environmental pressures and reduce violations by consistently investing in technology and pollution control upgrades (Wei & Du, 2023). On the other hand, the government promoted technological upgrading and energy structure transformation through measures such as incentivizing enterprises with carbon trading policies and encouraging resource and technology exchange.…”

Section: Dimensional Study Of the Impact Of Government Interventions ...mentioning

confidence: 99%

The influence effect of regional carbon emission reduction under the perspective of fiscal decentralization: Government intervention or market mechanism?

Li,

Wang

2024

Manage Decis Econ

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Based on the perspective of fiscal decentralization, the study focuses on 30 provinces in China and employs various econometric models including the threshold model, spatial econometric model, mediation model, and regulation model. The research findings indicate that fiscal decentralization has a double‐threshold effect on government intervention, market mechanisms, and regional carbon emission reduction. Both government intervention and market mechanisms have inhibiting effects on carbon emission, with significant coefficients of GOVI and MARM at the 1% level. The cooperation between government intervention and the market mechanism effectively limits carbon emissions. Government intervention facilitates regional carbon emission reduction through the construction of new infrastructures and energy structure transformation, yielding a significant intermediary effect. The market mechanism is positively regulated through green finance and technology innovation to promote regional carbon emission reduction. Moreover, government intervention enables the market to achieve carbon emission reduction more effectively, especially in areas with a higher degree of government intervention. Continuous improvement and upgrading of regional and national carbon markets are essential to attain the carbon peak and carbon neutrality goals. Furthermore, attracting more participants to these markets for emission control subjects is necessary to enhance the effectiveness of government–market coordination.

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Section: Dimensional Study Of the Impact Of Government Interventions ...mentioning

confidence: 99%

The influence effect of regional carbon emission reduction under the perspective of fiscal decentralization: Government intervention or market mechanism?

Li,

Wang

2024

Manage Decis Econ

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“…Typically, central governments tend to prioritize nationallevel, long-term, and comprehensive development, encompassing environmental protection and sustainable growth. On the contrary, local governments tend to focus more on local economic development and employment conditions (Wei & Du, 2023). This divergence can lead to conflicts or lags in the execution of environmental policies.…”

Section: Environmental Implementation Gap and Target Accountability S...mentioning

confidence: 99%

“…The intrinsic flaws in the design of environmental systems can amplify the execution discrepancies. The allocation of powers between central and local governments may inhabit gray areas, leading to regulatory loopholes (Wang et al, 2018;Wei & Du, 2023). Some firms may exploit these gaps to evade environmental regulations.…”

Section: Environmental Implementation Gap and Target Accountability S...mentioning

confidence: 99%

“…To address the growing environmental problems, governments around the world have developed a large number of environmental regulatory policies (Borghesi et al, 2015;Huang & Tian, 2023;Liu et al, 2022;Wang et al, 2018). However, recent studies have found that the implementation of environmental policies has implementation bias problems, that is, that environmental goals set by the central government are not effectively implemented at the local government level (Ren et al, 2020;Wang et al, 2018;Wei & Du, 2023). Because local governments face multiple policy goals, such as environmental, economic, and social stability, which distracts the focus of environmental policies and makes firms more inattentive to environmental issues (Niu et al, 2020;Wei & Du, 2023).…”

Section: Introductionmentioning

confidence: 99%

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Improving the sustainable development of firms: Evidence from the environmental constraint target policy in China

Zhou,

2023

Sustainable Development

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Our study focuses on a new environmental policy tool, environmental constraint target policy, which minimizes the implementation bias of environmental objectives through effective decomposition of environmental targets and goal management, thus ensuring the expected environmental performance. Using longitudinal data (2006–2019) covering 11,252 Chinese firm‐year observations in high‐pollution industries, we find that environmental constraint target policy promotes firms' green innovation. Such an effect is stronger when the firms are intensively monitored and weaker when the firms are located in a region with lower environmental enforcement capability. Further analysis reveals that environmental constraint target policy can enhance firms' economic performance by promoting green innovation, thereby facilitating sustainable development.

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“…Local governments are often closely intertwined with local firms and industries, which may exert a negative influence on the enforcement of environmental policies. Local governments may consider the economic interests of local firms and resist or weaken the execution of environmental policies to safeguard local economic growth and employment opportunities (Wang et al, 2018;Wei & Du, 2023). On the other hand, government regulation tends to promote compliance and end-of-pipe treatment but may have relatively limited incentivizing effects on green innovation.…”

Section: Government-led Environmental Regulationmentioning

confidence: 99%

Corporate sustainable development strategies: Under the collaborative governance of government and the public

Du,

Liu,

Sun

2023

Sustainable Development

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As a problem of multiple failures, effective solutions to environmental problems require overcoming the limitations of single environmental policies and using collaborative governance with multiple regulatory instruments. Based on this, this study examines how collaborative governance between government‐led environmental regulation and public‐participatory environmental regulation can more effectively promote sustainable development strategies for firms. Using data from Chinese listed firms in heavy pollution industries from 2006 to 2019, we constructed a collaborative governance model, and found that (1) government‐led environmental regulation has a significant impact on end‐treatment but no impact on the source treatment of firms; (2) collaborative governance between government‐led and public‐participatory environmental regulation has a significant impact on source treatment but no impact on end‐treatment; (3) mechanism analysis shows that improving long‐term orientation and increasing corporate sustained investments are potential channels of the collaborative governance effect. These findings not only advance our understanding of the policy mix effects of different environmental regulation tools, but also have important policy implications for deepening collaborative governance practices in promoting sustainable development.

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Official environmental accountability policy and firm’s environmental violations: evidence from a quasi-natural experiment in China

Cited by 4 publications

References 29 publications

The influence effect of regional carbon emission reduction under the perspective of fiscal decentralization: Government intervention or market mechanism?

The influence effect of regional carbon emission reduction under the perspective of fiscal decentralization: Government intervention or market mechanism?

Improving the sustainable development of firms: Evidence from the environmental constraint target policy in China

Corporate sustainable development strategies: Under the collaborative governance of government and the public

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