The Effects of Executives' low-carbon cognition on corporate low-carbon performance: A study of managerial discretion in China

Jiang, Yuguo; Hu, Yingmei; Asante, Dennis; Enock, Mintah Ampaw; Asante, Bismark

doi:10.1016/j.jclepro.2022.132015

Cited by 32 publications

(47 citation statements)

References 37 publications

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“…In terms of board characteristics, Haque (2017) shows that both board independence and gender diversity positively influence the firm’s carbon reduction initiatives; Moussa et al (2020) show that board environmental orientation improves corporate carbon performance; Cahyono et al (2023) suggest that board tenure diversity is an important driver for the firm to reduce carbon emissions. In terms of managerial characteristics, Jiang et al (2022) find that enhancing executives’ low-carbon cognition promotes low-carbon practices in high-tech and manufacturing firms. Wagner and Fischer-Kreer (2023) suggest that the promotion focus of a CEO increases corporate carbon emissions, but the prevention focus of a CEO reduces corporate carbon emissions.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 95%

“…Firms are the major carbon emitters and thus are expected to take the responsibility to reduce carbon emissions. Against such background, the existing literature has explored the determinants of corporate carbon performance, such as board characteristics (Cahyono et al, 2023;Haque, 2017;Moussa et al, 2020), managerial characteristics (Jiang et al, 2022;Wagner & Fischer-Kreer, 2023), environmental information disclosure (Qian & Schaltegger, 2017), and internal carbon pricing (Zhu et al, 2022). Meanwhile, the government is the leader and manager of low-carbon economy, and its guiding role in regulating firms' low-carbon development practices cannot be overlooked.…”

Section: Introductionmentioning

confidence: 99%

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Do Government Environmental Subsidies Improve Corporate Carbon Performance? Evidence From China

Luo,

Liu,

Liu

2023

The Journal of Environment & Development

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Improving corporate carbon performance is imperative for sustainable economic and social development. Using a sample of Chinese A-share-listed manufacturing firms from 2012 to 2019, this study explores how government environmental subsidies affect corporate carbon performance. The baseline results show that government environmental subsidies are positively associated with corporate carbon performance, suggesting an improving effect of government environmental subsidies on corporate carbon performance. These results are robust to a set of sensitivity tests. Further, the channel analyses show that government environmental subsidies improve corporate carbon performance by alleviating financial constraints and enhancing environmental information disclosure. Moreover, cross-sectional analyses show that the improving effect of government environmental subsidies on corporate carbon performance is stronger in state-owned enterprises, in firms with higher executive environmental awareness, and in firms with higher media attention. This study provides meaningful insights for the government seeking to promote low-carbon development through environmental subsidies.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 95%

Section: Introductionmentioning

confidence: 99%

Do Government Environmental Subsidies Improve Corporate Carbon Performance? Evidence From China

Luo,

Liu,

Liu

2023

The Journal of Environment & Development

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“…As business executives take into account the goal of consumer demand, they are motivated to undertake R&D activities through technological innovation and market expansion (Jenkins, 2009). As executives' environmental literacy improves, they will also pay more attention to whether the production process is energy‐saving and environmentally friendly and whether their production behaviors will cause environmental pollution, which will lead to a broader market demand for low‐carbon and environmentally friendly items and more lucrative profit margins and share the R&D costs of enterprises to enhance the incentives for EGTI (Jiang et al, 2022). However, as executives' understanding of environmental issues has grown, they have become more cognizant of the state of the environment in the city in which they reside and have raised their expectations for reduced emissions, energy use, and the development of low‐carbon communities, thus creating an effective external monitoring mechanism for the environmental protection inspections of the local government (Cui, 2022; Huang et al, 2020), and forcing high‐polluting enterprises to step up their R&D on green technology.…”

Section: Mechanism Analysis and Research Hypothesesmentioning

confidence: 99%

“…As the main practitioner and participant in low‐carbon development, the enterprise green technology innovation (EGTI) has emerged as a significant component in the pilot initiatives of low‐carbon municipalities. On the one hand, as the micro‐unit of low‐carbon industry development, EGTI assesses the extent of development of low‐carbon urban industries; on the other hand, the enhancement of green awareness and low‐carbon concepts of enterprise managers will force EGTI; consequently, this fosters the growth of the low‐carbon urban sector (Jiang et al, 2022). Thus, assessing the influence of low carbon city pilot (LCCP) on EGTI is essential for evaluating the effectiveness of low‐carbon pilot programs and improving the “dual‐carbon” policy framework.…”

Section: Introductionmentioning

confidence: 99%

Low carbon cities pilot, executive environmental cognition, and enterprise green technology innovation

Xiao,

Dong,

Wang

2024

Manage Decis Econ

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The potential of the low carbon city pilot (LCCP) to foster enterprise green technology innovation (EGTI) is contingent upon enhancing the quality of urban development, improving the ecological environment, and ultimately achieving the objective of “double carbon” reduction. Due to this, this article uses data from Chinese A‐share listed businesses in Shanghai and Shenzhen from 2009 to 2021 to investigate the effect of LCCP on EGTI. It is found that LCCP significantly contributes to EGTI, and a number of robustness tests later, this finding remains valid. The mechanism analysis confirms that LCCP promotes EGTI by weakening economic policy uncertainty and increasing firms' R&D investment. Through the heterogeneity analysis, this paper explores that optimizing corporate staff structure, increasing media attention, and increasing government subsidies are effective paths to promote EGTI development with LCCP. The moderating effect confirms that executives' environmental cognition plays a positive moderating role between LCCP and EGTI. This paper enriches the related research on the evaluation of the effect of low‐carbon pilots and provides important policy insights for promoting the development of corporate green transformation.

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“…Assessment indexes of carbon emissions can be used to assess different control measures for the carbon emissions of buildings. The conventional index [40], load index [34], and balanced index [41] are three common types of assessment indexes of carbon emissions. In this paper, the balanced index of the carbon emission reduction effect can be used to comprehensively investigate the carbon emission factor and the additional capital consumption factor [42].…”

Section: Balanced Index Of Carbon Emission Reduction Effectmentioning

confidence: 99%

Low-Carbon Optimization Design for Low-Temperature Granary Roof Insulation in Different Ecological Grain Storage Zones in China

Li,

Huang,

Guo

et al. 2023

Sustainability

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The optimization design of buildings is very important to the energy consumption, carbon emissions, and sustainable development of buildings. The low-temperature granary has a low grain storage temperature and high energy consumption indexes. The design scheme of the roof insulation for a low-temperature granary should be determined in actual building design processes by considering the costs, carbon emissions, and outdoor climate, comprehensively. In this paper, a new low-carbon optimization design method is proposed for the roof insulation in the low-temperature granary. The low-carbon optimization design method can respond to the cost issue, emission reduction issue, and outdoor climate issue, simultaneously. Moreover, the low-temperature granary roof insulation of different ecological grain storage zones in China is optimized in terms of carbon reduction by using the proposed low-carbon optimization design method. The application results of the optimization design method in different ecological grain storage zones in China indicate that the outdoor climate has significant impacts on the economic performance and carbon reduction effect of roof insulation. The cost considerations related to carbon emissions can apparently increase the economic efficiency of roof insulation. The optimal economic thicknesses of expanded polystyrene (EPS) in the cities of Urumqi, Harbin, Zhengzhou, Changsha, Guiyang, and Haikou are 0.025 m, 0.037 m, 0.085 m, 0.097 m, 0.072 m, and 0.148 m, respectively. The different outdoor climates of the seven ecological grain storage areas in China have important influences on the comprehensive economic performances of low-temperature granary roof insulation. The design of the low-temperature granary roof insulation in Haikou city has the best economic performance among the seven ecological grain storage zones in China.

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The Effects of Executives' low-carbon cognition on corporate low-carbon performance: A study of managerial discretion in China

Cited by 32 publications

References 37 publications

Do Government Environmental Subsidies Improve Corporate Carbon Performance? Evidence From China

Do Government Environmental Subsidies Improve Corporate Carbon Performance? Evidence From China

Low carbon cities pilot, executive environmental cognition, and enterprise green technology innovation

Low-Carbon Optimization Design for Low-Temperature Granary Roof Insulation in Different Ecological Grain Storage Zones in China

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