Environmental regulation, green investment and corporate green governance: Evidence from China's New Environmental Protection Law

Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 106979 - 106979

Published: Feb. 1, 2025

Language: Английский

Quality or Quantity? The Impact of Voluntary Environmental Regulation on Firm’s Green Technological Innovation: Evidence from Green Factory Certification in China

Sustainability, Journal Year: 2025, Volume and Issue: 17(6), P. 2498 - 2498

Published: March 12, 2025

Adequately incentivizing firms to implement green technological innovation (GTI) is pivotal achieving sustainable development. Green factory certification, a prominent example of voluntary environmental regulation, has garnered significant attention in both theoretical and policy concerns regarding its impact on innovation. Leveraging certification as quasi-natural experiment, this paper utilizes multi-timepoint difference-in-differences (DID) approach systematically investigate influence firms’ The findings reveal several important insights. (1) significantly enhances capabilities, facilitating substantial enhancements the quantity quality (2) Mechanism analysis indicates that promotes via three key channels—promoting digitalization level, strengthening ESG practices, financing constraints. (3) incentive effects are particularly pronounced among eastern region, non-state-owned entities, those exhibiting lower pollution levels. These underscore critical role systems fostering corporate development, offering insights practical guidance for undergoing transformation while contributing broader goal

Language: Английский

How intelligent manufacturing improves corporate ESG performance: A three-dimensional analysis based on “Environment,” “Society,” and “Governance”

Journal of Environmental Management, Journal Year: 2025, Volume and Issue: 380, P. 125171 - 125171

Published: April 1, 2025

Language: Английский