Environmental Policy and Induced Technological Change: Evidence from Automobile Fuel Economy Regulations

Kiso, Takahiko

doi:10.1007/s10640-019-00347-6

Cited by 13 publications

(8 citation statements)

References 29 publications

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“…It is widely recognized that voluntary environmental regulations can indeed promote corporate innovation (Kiso, 2019;Marzucchi & Montresor, 2017). However, based on the theory of signaling, information disclosure is an important way for enterprises to show their achievements in innovation, which means that the companies disclosing environmental information are likely to be those conducting green innovation (Li, Huang, Ren, Chen, & Ning, 2016).…”

Section: Further Analysis: Discussion On Endogenous Problemsmentioning

confidence: 99%

Confession or justification: The effects of environmental disclosure on corporate green innovation in China

Xiang

Liu

Yang

et al. 2020

Corp Soc Responsibility Env

126

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As one type of voluntary environmental regulations, environmental disclosure plays an important role in promoting sustainable development of enterprises by enhancing their environmental awareness. Based on the social responsibility and annual reports published by heavily polluting listed companies in China between 2007 and 2016, this article investigates their environmental disclosure and assesses the impact on their green innovation activities as well as its influence mechanisms. Text analysis is used to measure the environmental disclosure by way of three dimensions including environmental investment and management, environmental supervision and agency certification, and environmental performance and governance. The results of the Poisson regression model for panel data show that environmental disclosure has significantly encouraged green innovations carried out by heavily polluting listed companies in China during the past decade and this result is consistent with a variety of robustness checks. Besides, the mediation effect test demonstrates that environmental disclosure stimulated green innovations of heavily polluting listed companies by expanding their financing channels, promoting their product sales, and raising media attention.

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Section: Further Analysis: Discussion On Endogenous Problemsmentioning

confidence: 99%

Confession or justification: The effects of environmental disclosure on corporate green innovation in China

Xiang

Liu

Yang

et al. 2020

Corp Soc Responsibility Env

126

View full text Add to dashboard Cite

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“…The product sale revenues can measure the indicator of innovation output in China's market. Combining the literature review above, consumers are more willing to try the new type and new automobile technology [17]. So, the sales revenue is the most direct indicator to measure the output of technological innovation.…”

Section: 21explained Variablementioning

confidence: 99%

The Impact of Environmental Regulation on Technological Innovation of Automobile Industry in China’s Market- A Case by Tesla

Du¹

2021

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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With the negative externalities of the development of the automobile industry increasingly obvious, the government's environmental regulations will force the technological innovation of the automobile industry, the case of Tesla. The paper collects the R&D investment data, environmental regulation intensity data, and sale revenues data of Tesla from 2012 to 2020 and tests the impact of environmental regulations on the automobile industry by constructing the econometric regression model in Excel. The results show that environmental regulations significantly positively impact technological innovation input (R&D) and output (Sale) on Tesla. On this basis, the paper cuts forward the suggestions for the continuous development of automobile companies. The company should invest more in R&D to make constant technological innovation with the help of the government's environmental regulations.

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“…A positive link between ERs and TI has been found in different countries, including India [28,29], Chile [30], Germany [31], Japan [32][33][34] and China [35]. Apart from TI, scholars also argue that ERs can also stimulate environmental innovation [36][37][38].…”

Section: The Linear Link Between Environmental Regulations and Technomentioning

confidence: 99%

Opening the Black Box: The Impacts of Environmental Regulations on Technological Innovation

Zhang

Ramanathan

et al. 2020

IJERPH

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Environmental regulations (ERs) that can stimulate technological innovation (TI) are the key to enabling a win-win strategy that benefits both economic development and environmental protection. This study seeks to analyze the impacts of ERs on TI. Previous literature highlighted that the black box of TI can be decomposed into technology investment and technology transformation, but empirical studies on such a decomposition have largely been ignored. Moreover, a detailed discussion of the links between ERs and the decomposed components of TI has not been conducted in developing countries such as China. Our study attempts to address these research gaps by (i) decomposing TI using a novel data envelopment analysis (DEA) procedure and further analyzing the impacts of ERs on the decomposed components of TI and (ii) applying this novel methodology to Chinese context. Accordingly, this study is conducted in two stages. First, a novel application of the slack-based measure Network DEA model is developed to uncover the black box of TI using Chinese data in order to estimate the overall efficiency of technological innovation (TIE) and to decompose it into the efficiency of technology investment (TVE) and the efficiency of technology transformation (TTE). Second, a random effect Tobit model is applied to (i) investigate both the linear and nonlinear impacts of ERs on TIE in all sectors and (ii) examine whether the impacts of ERs on TVE and TTE in different subprocesses are heterogeneous or not. Our results have showed the benefits of decomposing TI: while technology transformation in China closely follows the trend of TI, the trend of technology investment is somewhat different. The estimation results further indicate that the impacts of ERs on TIE are nonlinear. Besides, ERs have heterogeneous impacts on the decomposed components of TI. The impacts of ERs on TVE are nonlinear, whereas the impacts of ERs on TTE are statistically insignificant.

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Environmental Policy and Induced Technological Change: Evidence from Automobile Fuel Economy Regulations

Cited by 13 publications

References 29 publications

Confession or justification: The effects of environmental disclosure on corporate green innovation in China

Confession or justification: The effects of environmental disclosure on corporate green innovation in China

The Impact of Environmental Regulation on Technological Innovation of Automobile Industry in China’s Market- A Case by Tesla

Opening the Black Box: The Impacts of Environmental Regulations on Technological Innovation

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