Environmental regulation, environmental responsibility, and green technology innovation: Empirical research from China

The development of the world economy has caused serious environmental pollution, which has resulted in an ecological crisis. With the acceleration of economic development, China’s ecological crisis is becoming more serious. Green technology innovation is an important driving force in realizing green economic development, and heavily polluting enterprises are the key link to cultivating green technology innovation. The Porter hypothesis holds that environmental regulation has a promoting effect on enterprises’ green technology innovation, but this is not reflected in the context of China. As a basic administrative unit, the implementation of environmental regulations in counties and districts determines the effectiveness of environmental policies. Utilizing structural equation modeling, this study analyzes the cultivation of the green technology innovation ability of heavily polluting enterprises under environmental regulations. The results show that command-based environmental regulation can effectively promote enterprises’ green technology innovation ability. Incentive-based environmental regulation needs to be strengthened to drive the development of enterprises’ “three wastes” treatment innovation ability. Voluntary environmental regulation does not effectively promote green process innovation and “three wastes” treatment innovation. In addition, enterprises’ current “three wastes” treatment innovation capacity is not enough to promote the improvement of enterprises’ green competitiveness. The results of this article show that environmental regulation is conducive to the green innovation ability of enterprises, and this promotion effect needs to be further strengthened. Moreover, the highlighted research limitations will contribute to the subsequent research work.

Section: Analysis Of Incentive-based Environmental Regulation On Heav...mentioning

confidence: 99%

Research on the cultivation of green competitiveness among chinese heavily polluting enterprises under country/district environmental regulations

Tong-jian

Zho²,

Hussain³

et al. 2022

“…Whether a technology is "green" is determined by a general heuristic rubric that considers technologies, processes, and products that lead to reduced pollution, less raw material use, or lower energy consumption. Generally, the existing literature measures firms' green technology innovation by questionnaire scoring or by R&D investment per unit of energy consumption, among others methods (Wang et al, 2021). However, such methods suffer from the problem of high subjectivity.…”

Section: Model Constructionmentioning

confidence: 99%

The relationship between firms’ corporate social performance and green technology innovation: The moderating role of slack resources1

Xie

2022

This study explores the relationship between firms’ corporate social responsibility (CSR) and their “green” technology innovation in the context of a developing country with a high level of economic growth (China). Using data from listed companies, green patent authorization data from the State Intellectual Property Office, and social responsibility rating data from Rankin’s CSR Ratings of China from 2009 to 2017, we find that a higher CSR rating is highly positively correlated to green technology innovation as measured by number of green patents granted. Results indicated that corporate social performance plays a contributory role in green technology innovation. We also find that unabsorbed slack resources enhance the positive relationship between CSR rating and the number of green technology patents.

“…In addition, we winsorized all the variables at the 1% level to reduce the impact of extreme values. Referring to the model settings discussed (Ren et al, 2021;Wang et al, 2021), we used the following measurement model in the regression analysis:…”

Section: Data Models and Variablesmentioning

confidence: 99%

The impact of environmental subsidy on the performance of corporate environmental responsibility: Evidence from China

Chen

Wei

Zhu³

2022

Corporate environmental responsibility (CER) has become a critical factor for measuring the competitiveness of firms in China, and environmental subsidies may be a catalyst for promoting firms’ CER. This study uses data from Chinese A-share listed firms during 2010–2020. Using the instrumental variable two-stage least squares (IV-2SLS) method, we found that environmental subsidies significantly improve corporate environmental performance but have no significant impact on the disclosure and governance of pollution emissions. We find that environmental subsidies are better for chemical and energy firms with high pollution levels, provide incentives for non-state-owned firms to improve CER and that their effect in western and eastern China is better than that in the central region. We also found that corporate social responsibility plays a moderating role in environmental subsidies that affect CER. Finally, this study finds that environmental subsidies may crowd out corporate investments to improve environmental performance. Based on the above results, we provide the corresponding policy suggestions.