“…Environmental regulation has traditionally been taken into account as a necessary tool to alleviate the environmental pressure caused by inappropriate growth patterns and their land use. Many governments have implemented a series of environmental regulatory policies[ 8 , 9 ]. They intervene in the upgrading of industrial structure by changing industrial development interventions such as management concepts, environmental management, competitiveness, and the potential for financial performance[ 10 , 11 ], as well as the demand for open space[ 12 ].…”