How can government environmental policy affect the performance of SMEs: Chinese evidence

Xiang, Dong; Zhao, Tianzhen; Zhang, Ning

doi:10.1016/j.jclepro.2021.130308

Cited by 23 publications

(17 citation statements)

References 26 publications

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“…For the non-state-owned group, we find in model (19) that FP and ERG have a significant positive correlation at a statistical level of 1%, indicating that the stronger ERG leads to better performance of non-state-owned firms. This result supports the empirical analysis of Zhang et al [ 31 ] that the promotion effect of ERG is easier to be seen in non-state-owned enterprises.…”

Section: Resultssupporting

confidence: 90%

“…On the other hand, there is empirical evidence that supports and even reinforces the Porter hypothesis. Johnstone and Hallberg [ 29 ] and Agyemang et al [ 30 ] found that the implementation of an environmental management system leads to improved financial and environmental outcomes, and the implementation of a national environmental policy has a significant incentive effect on the operating efficiency of Chinese small and medium-sized firms [ 31 ]. Reasonable ERG can promote competitiveness and performance through promoting firm innovation, reducing production costs, improving the internal agency problems, and improving resource utilization [ 6 , 7 , 32 , 33 ].…”

Section: Theoretical Framework and Hypothesesmentioning

confidence: 99%

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Mediation Effect of Corporate Tax Burden and the Relationship between Environmental Regulation and Firm Performance

Dai

Huang

Zhang

et al. 2022

IJERPH

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This paper took the panel data of 1052 heavily-polluting listed companies from both the Shanghai and Shenzhen Stock Exchange from 2010 to 2017 to empirically analyze the impact of environmental regulation (ERG) on firm performance (FP). The article introduces a mediating effect model to test the mediating role of corporate tax burden (ETR) within the relationship between ERG on FP. The results showed that: (1) ERG has exerted a significant enhancement effect on the performance of heavily polluted firms via the ETR reduction mechanism. (2) The mediating effect of ETR depends on the duration of ERG. A significant time lag exists before the mediating effect starts to work, and the magnitude of the mediating effect increases with the time lag from the execution of the ERG. (3) The mediating effect of ETR varies significantly with the nature of corporate property rights. It is significant for the state-owned firms, while for non-state-owned firms, there is no evidence supporting the existence of the mediating effect of ETR despite ERG still having a significant direct-impact on FP. Based on these findings, we discuss the policy suggestion to optimize the impact of environmental regulation policies in terms of incentivizing the green development of polluting firms.

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Section: Resultssupporting

confidence: 90%

Section: Theoretical Framework and Hypothesesmentioning

confidence: 99%

Mediation Effect of Corporate Tax Burden and the Relationship between Environmental Regulation and Firm Performance

Dai

Huang

Zhang

et al. 2022

IJERPH

View full text Add to dashboard Cite

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“…There were no statistically significant differences in the means of the questions between the two groups; therefore, there is no reason to worry about non-response bias. We followed the advice of Ganlin et al ( 2021b ) and used Xiang et al ( 2022a , b ) single factor to check for common method bias.…”

Section: Methodsmentioning

confidence: 99%

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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Small-and medium-sized enterprises (SMEs) in China have been hit hard by the coronavirus (COVID-19) outbreak, which has jeopardized their going out of business altogether. As a result, this research will shed light on the long-term impacts of COVID-19 lockdown on small businesses worldwide. The information was gathered through a survey questionnaire that 313 people completed. Analyzing the model was accomplished through the use of SEM in this investigation. Management and staff at SMEs worldwide provided the study's data sources. Research shows that COVID-19 has a significantly bad influence on profitability, operational, economic, and access to finance. In the study's findings, outside funding aids have played an important role in SMEs' skill to persist and succeed through technological novelty than in their real output. SME businesses, administrations, and policymakers need to understand the implications of this study's results.

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“…(1) The technological progress effect. With the introduction and implementation of government policies on environmental regulation, higher requirements are imposed on enterprises' emission standards and equipment Xiang et al, 2022). Forcing them to carry out technological innovation to fulfill their emission reduction targets and responsibilities, thereby achieving more effective low-carbon development of the regional economy (Chen Z. et al, 2021;Wang and Feng, 2021).…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

Achieving Carbon Neutrality – The Role of Heterogeneous Environmental Regulations on Urban Green Innovation

Liu

Wang

et al. 2022

Front. Ecol. Evol.

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This article examines the impact of heterogeneous environmental regulations on urban green innovation using panel data from 285 prefecture-level cities in mainland China from 2008 to 2019. From the perspective of green patents, this article utilizes a two-way fixed-effect model and the mediation effect model to examine the mechanism of the impact of heterogeneous environmental regulations on urban green innovation in China. Results show that the urban green innovation development in China is relatively slow and can be easily influenced by national policies. More specifically, the relationship between the command-based environmental regulation and urban green innovation presents an inverted non-linear U-shaped model, whereas the relationship between the market-based and voluntary environmental regulation presents a positive U-shaped model. Further investigation of this mechanism concludes that the progression of regional green innovation is primarily accelerated by technological development, effective energy allocation, and industrial structural upgrading. However, the implementation of relevant environmental regulations varies, resulting in various green innovation progression rates. Therefore, in order to achieve the carbon neutrality goal that China proposes, the effectiveness of environmental regulation implementation should be improved. Moreover, the development of various environmental regulation tools should be better coordinated.

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How can government environmental policy affect the performance of SMEs: Chinese evidence

Cited by 23 publications

References 26 publications

Mediation Effect of Corporate Tax Burden and the Relationship between Environmental Regulation and Firm Performance

Mediation Effect of Corporate Tax Burden and the Relationship between Environmental Regulation and Firm Performance

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Achieving Carbon Neutrality – The Role of Heterogeneous Environmental Regulations on Urban Green Innovation

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