Environmental taxes, green subsidies, and cleaner production willingness: Evidence from China's publicly traded companies

Li, Zhengda; Zheng, Chengxin; Liu, Aimin; Yang, Yang; Yuan, Xiang

doi:10.1016/j.techfore.2022.121906

Cited by 24 publications

(6 citation statements)

References 104 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The results indicate that EPSP funding can signal to outsiders that a firm is competent at sustainable development and trustworthy. The findings deepen the view of Li et al (2022b) that environmental taxes and green subsidies are positively associated with firms' willingness to move to cleaner production and corroborate the findings of Hu et al (2021) that green subsidies have positive effects on green process and product innovation. We have shown that EPSP can reduce the concerns of other government departments about a firm's capability and the concerns of suppliers about a firm's reputation.…”

Section: Discussionsupporting

confidence: 84%

Green signals: The impact of environmental protection support policies on firms' green innovation

Yang,

Song,

Liu

2023

Bus Strat Env

View full text Add to dashboard Cite

The importance of government environmental financial incentives in stimulating firms' green innovation has long been recognized. However, researchers have yet to fully determine how a small amount of financial incentives can be used to promote expensive green innovation. Unlike prior studies based on the investigation of direct effects, this study provides a new perspective by employing signaling theory. Focusing on environmental protection support policy (EPSP) in China, it employs ordinary least squares (OLS) regression and generalized structural equation modeling (GSEM) to analyze a sample of panel data from China's A‐share listed companies from 2003 to 2020. The results suggest that EPSP funding can serve as a green signal that helps firms acquire external resources for green innovation. The results of this study enhance our understanding of the role that government financial incentives play in firms' green innovation and inform policymakers on how to formulate effective environmental policies.

show abstract

Section: Discussionsupporting

confidence: 84%

Green signals: The impact of environmental protection support policies on firms' green innovation

Yang,

Song,

Liu

2023

Bus Strat Env

View full text Add to dashboard Cite

show abstract

“…While paying attention to the issue of environmental protection, various localities will also issue a series of policies to give certain concessions. Therefore, the local government's emphasis on the environment influences the behavior of heavy‐polluting firms (Li, Zheng, et al, 2022). To obtain policy incentives and government incentives, heavy‐polluting firms actively cooperate with the government's environmental responsibilities (Yin & Wu, 2022).…”

Section: Empirical Results and Discussionmentioning

confidence: 99%

Government environmental concerns and corporate green innovation: Evidence from heavy‐polluting enterprises in China

Chen,

Zhu,

Ding

et al. 2023

Bus Strat Env

View full text Add to dashboard Cite

The objective of this study is to examine the impact of government environmental concerns on green innovation and whether this has a “leverage effect” or a “crowding‐out effect.” This study employs a two‐way fixed‐effects model to conduct an empirical test using panel data from 2010 to 2020 on Chinese firms listed in heavy‐polluting industries. The results suggest that an increase in government environmental concerns can promote corporate green innovation. However, government environmental concerns primarily stimulate strategic innovation rather than substantive innovation. After a series of robustness and endogeneity tests, the conclusions of this paper still hold. Corporate green innovation induced by government environmental concerns is not the “leverage effect” superimposed on existing innovation activities but the “crowding‐out effect” of other technological innovation. The heterogeneity tests in this paper indicate that the impact is more pronounced for firms with poorer environmental conditions, stronger political connections, and richer executive backgrounds.

show abstract

“…The literature on government subsidies to promote green development in supply chains demonstrates that government subsidies have a positive impact on firms' innovation and that market participants receiving government subsidies will generate more profits and greater social welfare [36][37][38], and the game between the government, firms, and their competitors determines the extent to which subsidy policy affects firms' innovation [39][40][41]. Cao et al [42] found that low-carbon subsidy policies outperformed carbon tax policies in curbing carbon emissions in a dual-channel supply chain analysis of recycled and new products.…”

Section: The Effect Of Government Low-carbon Subsidies On Supply Chai...mentioning

confidence: 99%

Comparative Study on Low-Carbon Strategy and Government Subsidy Model of Pharmaceutical Supply Chain

Liu

2023

Sustainability

View full text Add to dashboard Cite

Despite the growing urgency to curb carbon emissions worldwide, the healthcare industry, particularly the pharmaceutical industry, has received little attention from the sustainability community in terms of its contribution to the global carbon footprint. This paper constructs a differential game model of the secondary pharmaceutical supply chain consisting of pharmaceutical enterprises and medical institutions in the context of centralized drug procurement policy, considering the effects of health insurance reimbursement and consumers’ low-carbon preferences, and compares and analyzes the feedback equilibrium strategies of low-carbon inputs and marketing efforts, supply chain profits, and social welfare levels under four government subsidy models and further discusses them with arithmetic examples. The results illustrated that government subsidies have a significant impact on the low-carbon investment of pharmaceutical enterprises and the low-carbon marketing of medical institutions; subsidies for pharmaceutical enterprises can significantly increase the low-carbon investment and profit level of pharmaceutical enterprises; subsidies for medical institutions can effectively promote the implementation of the “zero-rate” policy and the realization of the emission reduction target under the centralization policy of medical institutions, increase the market demand for low-carbon drugs, and thus gain higher profits; the dual-subsidy model of the government brings higher social welfare than the single-subsidy model, and under a reasonable subsidy ratio, the profit and social welfare of the whole supply chain can be maximized.

show abstract

Environmental taxes, green subsidies, and cleaner production willingness: Evidence from China's publicly traded companies

Cited by 24 publications

References 104 publications

Green signals: The impact of environmental protection support policies on firms' green innovation

Green signals: The impact of environmental protection support policies on firms' green innovation

Government environmental concerns and corporate green innovation: Evidence from heavy‐polluting enterprises in China

Comparative Study on Low-Carbon Strategy and Government Subsidy Model of Pharmaceutical Supply Chain

Contact Info

Product

Resources

About