Environmental regulations, financial constraints and export green-sophistication: Evidence from China’s enterprises

Ge, Tao; Li, Jinye; Sha, Ru; Hao, Xionglei

doi:10.1016/j.jclepro.2019.119671

Cited by 39 publications

(13 citation statements)

References 82 publications

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“…Many researchers believe the level of firms' financing constraints has remarkable difference in China considering listed firms' varying scale and age [50,51], because it issupposed that these corporates areriskier with respect to default probability and information hazard when being in the capital market [52][53][54][55]. As a result, the control variable sequence in this research includes the years of establishment and the size of the businesses.…”

Section: Control Variablementioning

confidence: 99%

Financing Constraints and Environmental Performance: Management in Resource Constraint Settings

Chen

Zhu

Luo

et al. 2022

Mobile Information Systems

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The majority of research examines the relationship between finance and the environment empirically, but they lack a comprehensive theoretical framework. To shorten this gap, we develop an analytical framework dubbed “management in resource constraint settings” and elucidate the theoretical process of finance constraints influencing environmental performance. We explore the influence of finance constraints on environmental performance of China's enterprises, as well as their possible mechanism, using financial data from A-share listed companies on the Shanghai Stock Exchange from 2010 to 2019. Our findings suggest that financial constraints can drastically reduce China’s firms’ environmental performance, and that green management is a viable channel. These discoveries are crucial for China's ecological civilization and considerable economy to develop in a coordinated manner.

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Section: Control Variablementioning

confidence: 99%

Financing Constraints and Environmental Performance: Management in Resource Constraint Settings

Chen

Zhu

Luo

et al. 2022

Mobile Information Systems

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“…Yao et al [ 46 ] showed that binding regulation was an important factor to improve the green production performance and had an important role on industrial development. Ge et al [ 47 ] found that binding regulations were conducive to increasing nation’s export trade earnings through investigating the heterogeneous impacts of environmental laws and financial constraints on China’s green design. Binding regulation in the process of animal husbandry was the supervision and punishment measures made by the local government for herdsmen’s failure to implement the grassland ecological protection policy, which could have an impact on herdsmen’s ecological animal husbandry.…”

Section: Theoretical Framework and Hypothesis Developmentmentioning

confidence: 99%

Effects of Value Perception, Environmental Regulation and Their Interaction on the Improvement of Herdsmen’s Grassland Ecological Policy Satisfaction

Zhao

et al. 2021

IJERPH

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Sustainable utilization of grassland resources was an important topic concerned by worldwide countries and regions, and ecological compensation had gradually become the main policy tool for grassland environmental management and ecological protection. This study adopted face-to-face interviews and questionnaires, and multiordered Logit model was then used to explore herdsmen’s satisfaction with Grassland Ecological Conservation Subsidy and Reward Policy (GECSRP) focusing on identifying the key factors behind it. Results showed that herdsmen were not satisfied with GECSRP on the whole, while value perception, environmental regulation and their interaction played a positive role on improving the satisfaction. Specifically, economic benefits had the strongest promotion impacts, followed by social identity in the two-dimensional variables of value perception. The guiding regulation had stronger promoting impacts, followed by the incentive regulation in the two-dimensional variables of environmental regulation. Interestingly, incentive regulation played an enhanced interaction on the influence of economic benefits and environmental value on herdsmen’s satisfaction, yet the interaction between guiding regulation and environmental value was not significant. These indicated that herdsmen paid more attention to substantial subsidies and rewards in the process of ecological livestock husbandry, and environmental regulation formulated by government had a phenomenon of “relative system failure”. Thus, the grassland ecological environment policy should be further adjusted and improved to promote the economic development of pastoral areas.

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“…China's government found that we have to protect the ecological environment, and made efforts to reduce pollutant emission because it is unsustainable to obtain economic benefits that sacrifice the environment (Shuai and Fan, 2020) [12]. The environmental regulation efficiency loss of local and neighboring cities inhibits inclusive growth at both the national and regional levels (Ge, T., Qiu, W., Li, J., and Hao, X., 2020) [13]. The Inclusive Wealth Index provides important insights into long-term economic growth and human well-being (Managi, S. and Kumar, P., 2018) [14].…”

Section: Literature Reviewmentioning

confidence: 99%

Environmental Regulations, the Industrial Structure, and High-Quality Regional Economic Development: Evidence from China

Chen

Huo

et al. 2020

Land

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Environmental regulation is an important means of restraining enterprises and protecting the environment. Rationalization of environmental regulatory policies can promote high-quality regional economic development. The optimization and upgrading of the industrial structure has an intermediary effect on the impact of environmental regulations on the high-quality development of the regional economy. After collating and analyzing previous research, this article proposes to classify 30 Chinese provinces into regions with higher than the national average HDI (human development index) and lower than the national average HDI based on the average HDI of Chinese provinces. We explore the mediating effect of industrial structure on environmental regulation and high-quality regional economic development. The model passed the full-sample robustness test and the robustness test with GDP as the replacement variable. The empirical results show that environmental regulations of different intensities have different effects on the quality of regional economic development. The effect of environmental regulations on development quality is mainly mediated through the transformation and upgrading of the industrial structure. Enterprises need reasonable incentives from environmental regulations to transform and upgrade. The mediating effect of the industrial structure on environmental regulations is greater in regions with below-average HDI values than in regions with above-average HDI values, which shows that the industrial structure is the mechanism underlying the effect of environmental regulations on the quality of regional economic development. This result proves that adjusting environmental regulatory policies can effectively promote the upgrading of industrial structure, thereby promoting high-quality regional economic development. Based on this, the article puts forward several policy recommendations.

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Environmental regulations, financial constraints and export green-sophistication: Evidence from China’s enterprises

Cited by 39 publications

References 82 publications

Financing Constraints and Environmental Performance: Management in Resource Constraint Settings

Financing Constraints and Environmental Performance: Management in Resource Constraint Settings

Effects of Value Perception, Environmental Regulation and Their Interaction on the Improvement of Herdsmen’s Grassland Ecological Policy Satisfaction

Environmental Regulations, the Industrial Structure, and High-Quality Regional Economic Development: Evidence from China

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