Government environmental signals, government–Enterprise collusion and corporate pollution transfer

Li, Xiaosheng; Wang, Ruirui; Shen, Zhiyang; Song, Malin

doi:10.1016/j.eneco.2024.107935

Energy Economics

2024

DOI: 10.1016/j.eneco.2024.107935

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Government environmental signals, government–Enterprise collusion and corporate pollution transfer

Xiaosheng Li,

Ruirui Wang,

Zhiyang Shen

et al.

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2024

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Cited by 2 publications

References 48 publications

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Environmental Regulation, Government-Business Relations, and Corporate Green Innovation: Evidence from Low-Carbon City Pilot Policy

Hua,

Liu,

2024

Sustainability

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Environmental degradation and economic development have long been seen as incompatible, posing a pressing challenge for society. Government–business collaboration stands as an effective avenue for addressing environmental issues. This paper, using the 2007–2021 Low-Carbon City Pilot (LCCP) program in China as a quasi-natural experiment, explores the impact of governmental environmental regulations on corporate green innovation and examines the moderating role of government–business collusion. The findings indicate that the LCCP policy has effectively promoted corporate green technological innovation, with results remaining robust across various sensitivity tests. Heterogeneity analysis further reveals that the policy’s impact is more pronounced in the eastern regions, state-owned enterprises, and low-tech industries. Moreover, government–business collusion significantly undermines the benefits of green innovation, though this effect is partially alleviated when local government officials are replaced. Under the influence of government environmental regulation, green innovation fosters the sustainable development of enterprises. However, the formation of collusion between government and business diminishes the incentive for companies to take on environmental and social responsibilities. The study enriches the existing literature on environmental policy factors and offers both theoretical and practical insights for the government in formulating relevant environmental policies and promoting corporate green innovation.

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Environmental Regulation, Government-Business Relations, and Corporate Green Innovation: Evidence from Low-Carbon City Pilot Policy

Hua,

Liu,

2024

Sustainability

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Understanding the Intersection of Central Environmental Protection Inspections and Green Investment Through Game Theory

Zhao,

Wan,

et al. 2024

Systems

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The Central Environmental Protection Inspector (CEPI) is an innovation in China’s environmental regulation. This paper uses game theory to analyze the influence of the CEPI on enterprises’ green investment. Firstly, by constructing the game model of “central government-local government-polluting enterprises”, the factors affecting green investment strategy are analyzed. Then, with the help of a system simulation model, the influence of parameters on system stability and convergence trends is analyzed, so as to obtain the influence of the CEPI on enterprise green investment. The results show the following: (1) The CEPI can effectively promote preventive green investment, and the promotion effect of preventive green investment is proportional to its risk; (2) The effect of the CEPI on local governments is not obvious; (3) The cost of the CEPI is too high, and polluting enterprises are quick to choose remedial green investment.

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Government environmental signals, government–Enterprise collusion and corporate pollution transfer

Cited by 2 publications

References 48 publications

Environmental Regulation, Government-Business Relations, and Corporate Green Innovation: Evidence from Low-Carbon City Pilot Policy

Environmental Regulation, Government-Business Relations, and Corporate Green Innovation: Evidence from Low-Carbon City Pilot Policy

Understanding the Intersection of Central Environmental Protection Inspections and Green Investment Through Game Theory

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