2021
DOI: 10.1007/s10640-021-00568-8
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Political Stability: an Impetus for Spatial Environmental Spillovers

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Cited by 19 publications
(4 citation statements)
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References 101 publications
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“…In the empirical analysis, we firstly verify whether ESG performance and corporate green innovation move together via the Westerlund (2007) panel cointegration test, which exhibits advantages of size accuracy and power compared to other residual-based cointegration test (Hu et al, 2022). We confirm the long-run comovement and estimate the cointegration vector with DOLS approach that solves estimation bias from the endogeneity and serial correlation (Sui et al, 2021). Thus, the bidirectional causalities between ESG and green innovation are distinguished by utilizing the panel VECM technique, which is efficient to discover the two-way links.…”
mentioning
confidence: 96%
“…In the empirical analysis, we firstly verify whether ESG performance and corporate green innovation move together via the Westerlund (2007) panel cointegration test, which exhibits advantages of size accuracy and power compared to other residual-based cointegration test (Hu et al, 2022). We confirm the long-run comovement and estimate the cointegration vector with DOLS approach that solves estimation bias from the endogeneity and serial correlation (Sui et al, 2021). Thus, the bidirectional causalities between ESG and green innovation are distinguished by utilizing the panel VECM technique, which is efficient to discover the two-way links.…”
mentioning
confidence: 96%
“…Consequently, these factors may contribute to an increase in CO 2 emissions. Moreover, Sui et al (2021) provide evidence that an enhancement in political stability within a particular country might positively impact neighbouring countries environmental quality through political stability spill-overs.…”
Section: Modelmentioning
confidence: 94%
“…This includes adjustments to the allocation Turnover of Government Offi cials and Local Air Quality of local resources, governance strategies, and political ecology (Xu et al, 2016). This transition will have a negative impact on the quality of the environment (Sun, 2018;Sui et al, 2021).…”
Section: Literature Review and Hypotheses Development 1 Literature Re...mentioning
confidence: 99%