Climate policy uncertainty and firm-level total factor productivity: Evidence from China

Ren, Xiaohang; Zhang, Xiao; Yan, Cheng; Gözgör, Giray

doi:10.1016/j.eneco.2022.106209

Cited by 256 publications

(60 citation statements)

References 68 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Environmental dynamism positively moderates the relationship between business model innovation and corporate performance. Technology, market demand and market competition in the external environment are changing rapidly, products and services in the industry are rapidly updated ( Bucherer et al, 2012 ; Ren et al, 2022c ), knowledge and skills are rapidly iterated, and resources are increasingly difficult to obtain. The dynamic environment requires enterprises to adopt suitable business models to maintain their core competitive advantages ( Amit and Zott, 2015 ).…”

Section: Discussionmentioning

confidence: 99%

Strategic orientation, business model innovation and corporate performance—Evidence from construction industry

2022

View full text Add to dashboard Cite

In the highly competitive Chinese construction market, developing a strategic orientation alone fails to maintain the sustainable competitive advantage of firms. In this paper, the mechanism of strategic orientation and business model innovation on corporate performance in a dynamic environment is investigated. Based on a sample of 356 Chinese construction firms, the partial least squares structural equation modelling (PLS-SEM) was adopted to test the hypotheses. It is found that entrepreneurial orientation and market orientation affect corporate performance differently. Unlike market orientation, which directly affects corporate performance, entrepreneurial orientation through business model innovation exerts influence instead of direct affection. Business model innovation plays a fully mediating role between entrepreneurial orientation and corporate performance and partially between market orientation and corporate performance. Meanwhile, environmental dynamism can positively moderate the relationship between business model innovation and corporate performance. This paper deepens the research on strategic orientation, business model innovation and corporate performance. The findings can provide a reference for construction firm managers to develop strategies and conduct business model innovation, which can finally help seek sustainable development in a dynamic environment.

show abstract

Section: Discussionmentioning

confidence: 99%

Strategic orientation, business model innovation and corporate performance—Evidence from construction industry

2022

View full text Add to dashboard Cite

show abstract

“…Carbon dioxide produced by energy consumption has brought about serious environmental problems to the world (Ren et al, 2022a;Jiang et al, 2022a). With the increasingly serious impact of carbon dioxide on the environment, low-carbon development has attracted the attention of all countries.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The advancement of the global industrialization process has not only created unprecedented wealth for human beings but also caused irreparable damage to the natural environment (Yang et al, 2020;Yu et al, 2020). As a byproduct of energy consumption, the substantial increase in the total amount of carbon dioxide emissions has had a series of adverse effects on the ecological environment and global climate (Ren et al, 2022a;Zhang et al, 2022). The carbon emission trading mechanism is regarded as one of the most efficient market means to reduce energy consumption and carbon dioxide emissions and has an important impact on the promotion of low-carbon development and guiding of the green technology innovation of enterprises (Hammoudeh et al, 2015;Zhao et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Evolutionary game analysis of green technology innovation under the carbon emission trading mechanism

Cui

Shui²,

Yang³

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

The carbon emission trading mechanism is an environmental regulation that has both market and government orientations and has a significant impact on the innovation of green technology and low-carbon development. Based on the evolutionary game theory and considering the strategic choices of different enterprise types in the carbon trading market, a three-party game model, involving enterprise A, the government, and enterprise B, is constructed. Based on data on the carbon emission trading market, data simulation is used to analyze the evolutionary game trajectory of government and enterprise behavior strategies. This study finds that 1) carbon prices, additional green technology innovation benefits, and innovation incentives have a significant impact on corporate strategy choices, as with higher carbon prices, additional benefits, and greater innovation incentives, green technology innovation can compensate for corporate innovation investment enterprises tending to choose innovative strategies; 2) enterprises with different innovation inputs and outputs have different strategic choices under identical conditions, such as small enterprise B having higher input and lower output than large enterprise A, and therefore, when the government encourages policies such as innovation subsidies, it must treat different types of enterprises differently; and 3) the cost of supervision and punishment can help avoid behaviors such as “floating green” and “fraudulent compensation”, but enterprises and the supervision strategy of the government are affected by the associated supervision cost. This study not only further verifies the Porter hypothesis in both theory and practice but also has important implications for corporate green innovation strategies and government regulatory behavior while providing a reference for the carbon emission trading market and corporate low-carbon development.

show abstract

“…Since climate change often does not affect enterprises directly but somewhat through climate policy, Pan et al (2022) [ 30 ] used a low-carbon city pilot program as a quasi-natural experiment to explore the impact of climate policy on low-carbon innovation. Closest to our study, Ren et al (2022) [ 31 ] investigated the impact of the U.S. CPU index on the total factor productivity of A-share listed companies in the mining, energy, and manufacturing sectors of China. However, there remains a research gap regarding the impact of CPU on enterprises’ GI.…”

Section: Introductionmentioning

confidence: 99%

How Does Climate Policy Uncertainty Affect Green Innovation? Evidence from China

Mao

Huang

2022

IJERPH

View full text Add to dashboard Cite

In response to climate change, governments have adopted various climate policies. However, climate policy uncertainty (CPU) may have important implications for the business sector. Is enterprise green innovation (GI) affected by CPU? This study investigates the impact of CPU on enterprise GI. The China CPU index is created first in this study. It uses panel data from Chinese A-share listed companies in China from 2010 to 2021 to explore the impact of CPU on GI through the fixed effects model, the mediating effects model, and the moderating effects model. The results show that: (1) CPU significantly suppresses GI, according to the findings. (2) CPU inhibits enterprise GI by exacerbating enterprise financing constraints. (3) Government subsidies can mitigate the inhibiting effect of CPU on GI. (4) There is heterogeneity in the negative impact of CPU on enterprise GI, mainly on non-state-owned enterprises. This study suggests several recommendations for coping with CPU in China.

show abstract

Climate policy uncertainty and firm-level total factor productivity: Evidence from China

Cited by 256 publications

References 68 publications

Strategic orientation, business model innovation and corporate performance—Evidence from construction industry

Strategic orientation, business model innovation and corporate performance—Evidence from construction industry

Evolutionary game analysis of green technology innovation under the carbon emission trading mechanism

How Does Climate Policy Uncertainty Affect Green Innovation? Evidence from China

Contact Info

Product

Resources

About