2022
DOI: 10.3390/su14159604
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Sustainable Financing Efficiency and Environmental Value in China’s Energy Conservation and Environmental Protection Industry under the Double Carbon Target

Abstract: Difficulty in financing and low financing efficiency is one of the bottlenecks that restrict the high-quality development of China’s energy-saving and environmental protection industry and economy. The key to improving financing efficiency is to understand its influencing factors. This paper uses data envelopment analysis (DEA) and the Malmquist index to measure the overall financing efficiency and the efficiency of different financing methods of 205 Chinese energy-saving and environmental protection industrie… Show more

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Cited by 18 publications
(11 citation statements)
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References 56 publications
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“…Nuria et al (2022) pointed out that there are still challenges such as poor efficiency and insufficient electrical function in integrated building photovoltaics (BIPV), and proposed solutions to these challenges [25]. Li et al (2022) applied data envelopment analysis (DEA) and Malmquist index, Tobit model was used to estimate the impact of digital transformation, green technology innovation and other factors on financing efficiency of 205 energy-saving and environmental protection industries in China. The empirical results show that DGI has a significant positive impact on promoting the development of energy-saving and environmental protection enterprises [26].…”
Section: Dgi Of Pbmsmentioning
confidence: 99%
See 1 more Smart Citation
“…Nuria et al (2022) pointed out that there are still challenges such as poor efficiency and insufficient electrical function in integrated building photovoltaics (BIPV), and proposed solutions to these challenges [25]. Li et al (2022) applied data envelopment analysis (DEA) and Malmquist index, Tobit model was used to estimate the impact of digital transformation, green technology innovation and other factors on financing efficiency of 205 energy-saving and environmental protection industries in China. The empirical results show that DGI has a significant positive impact on promoting the development of energy-saving and environmental protection enterprises [26].…”
Section: Dgi Of Pbmsmentioning
confidence: 99%
“…Li et al (2022) applied data envelopment analysis (DEA) and Malmquist index, Tobit model was used to estimate the impact of digital transformation, green technology innovation and other factors on financing efficiency of 205 energy-saving and environmental protection industries in China. The empirical results show that DGI has a significant positive impact on promoting the development of energy-saving and environmental protection enterprises [26]. Zhang et al (2023) proposed that digital transformation has a positive impact on promoting the development of GI and reducing enterprise costs [27].…”
Section: Dgi Of Pbmsmentioning
confidence: 99%
“…In terms of technology, scholars discuss the role of renewable energy technology on ECEPI (Wei et al , 2022; Kinoshita, 2020) and the contributions of renewable energy to the development of sustainable strategy (Lund, 2007), they consider that renewable energy technologies are generally beneficial in promoting the development of ECEPI. In terms of capital, scholars focus on the driving factors of capital allocation efficiency (Geng and Cui, 2020), they explore the impacts of environmental regulation, infrastructure condition, financial development and government support on capital allocation efficiency of ECEPI, as well as on the determinants and evaluation of financing efficiency in ECEPI (Jin et al , 2021; Li et al , 2022); these studies find that financial supervision, firm scale, digital transformation, green technology innovation and the asset–liability ratio have impacts on financing efficiency of ECEPI. In terms of innovation, Xu (2018) discusses the influence of alliance innovation network structure on enterprise innovation in ECEPI.…”
Section: Literature Reviewmentioning
confidence: 99%
“…(3) Considering the fact that the objective evaluation information about decision criteria and the difference of DM's subjective characteristics has significant impact on the processing effect of uncertain information, it is imperative that both the objectivity and subjectivity of criteria and DMs are taken into account simultaneously under the P-NRN environment in order to make the assessment results more accurate and convincing. (4) Due to the limitations of the techniques and models, the abundance of alternatives, and the ambiguity of evaluation, some previous studies have failed to effectively deal with the vague and inconsistent information that usually exists in the decision-making process of sustainable financing [4,48].…”
Section: Motivationmentioning
confidence: 99%