Environmental Science and Pollution Research, Journal Year: 2023, Volume and Issue: 30(43), P. 97786 - 97807
Published: Aug. 19, 2023
Language: Английский
Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: 31(5), P. 4211 - 4226
Published: April 2, 2024
Abstract Improving the incentive mechanism and institutional framework of green finance policy is important to promote synchronization environmental management enterprise development. Based on China's reform innovation pilot (GFRIP) in 2017, this study constructs a quasi‐natural experiment with sample A‐share listed companies draws following conclusions. (1) The effectiveness GFRIP significantly promoting enterprises' ESG performance areas, robustness tests such as propensity score matching placebo reconfirm (2) can effectively improve by easing financing constraints, investment, improving managers' cognition. (3) Both external law enforcement internal manager awareness enhance promotion effect performance. (4) Heterogeneity analysis shows that state‐owned enterprises, large high‐polluting enterprises more affected policy. results provide valuable perspective how government policies implications for sustainable
Language: Английский
Citations
43
Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: 33(5), P. 4233 - 4251
Published: Feb. 1, 2024
Abstract China's manufacturing industry environmental regulations portray a strategic change towards sustainable development. The study examines how green business strategies and competencies enhance innovation for firm performance. approach included surveying senior managers from Chinese firms. hypotheses were tested running partial least squares structural equation modeling using 459 results reveal the complex relationships between these factors, showing value co‐creation absorptive ability generate performance through capabilities. Furthermore, enhances firm's helps to achieve This contributes corpus of knowledge on techniques firms succeed in an environmentally conscious society.
Language: Английский
Citations
23
Energy Economics, Journal Year: 2024, Volume and Issue: 137, P. 107772 - 107772
Published: July 15, 2024
Language: Английский
Citations
18
Sustainability, Journal Year: 2023, Volume and Issue: 15(17), P. 12858 - 12858
Published: Aug. 25, 2023
In an era of great skepticism and distrust, companies’ ESG performances are under ever-increasing scrutiny. Stakeholders urging companies to integrate goals into their business strategic plans, practices, value chains. Drawing upon a sample publicly listed manufacturing in China from 2009 2021, this study aims investigate the relationships between performance corporate values, especially mediating role financing constraints moderating effect R&D investment intensity. Findings show that has significant positive on value. Financing play partial intermediary enterprise values. intensity negatively moderates relationship The heterogeneity indicates beneficial impact company is particularly pronounced eastern region China, non-state-owned companies, heavily polluting industrial enterprises. Our findings provide important practical implications for range stakeholders, such as enterprises investors, enrich our current understanding research.
Language: Английский
Citations
39
Sustainability, Journal Year: 2023, Volume and Issue: 15(10), P. 8279 - 8279
Published: May 19, 2023
The carbon emission trading system profoundly impacts enterprises’ sustainable development as an important market incentive environmental regulation tool. Through data collected from Chinese A-share listed enterprises in Shanghai and Shenzhen 2011 to 2019 Bloomberg ESG score data, this paper empirically analyses the impact of policy on enterprise performance its channel mechanism using difference-in-difference (DID) method. Results study indicate that improves significantly, robustness tests confirm these findings. Carbon can encourage enhance their R&D investments promote internal controls, ultimately enhancing performance. Additionally, positively low-carbon enterprises, where CEO is separated company, with a high degree digital transformation, receiving government subsidies. This extends our research into economic implications policy, enriching literature market-based policies’ With respect governments’ use regulate environmentally, provides theoretical guidance. It has significant practical for improving sustainability.
Language: Английский
Citations
26
Journal of the Knowledge Economy, Journal Year: 2023, Volume and Issue: 15(3), P. 10412 - 10441
Published: Oct. 2, 2023
Language: Английский
Citations
21
Scientific Reports, Journal Year: 2024, Volume and Issue: 14(1)
Published: May 7, 2024
Abstract Utilizing panel data from 30 Chinese provinces, this research examines the non-linear relationship between regional environmental, social, and governance (ESG) performance carbon emissions (CE) viewpoint of green credit. The study reveals a single threshold effect ESG CE, with credit acting as variable. When amount in region exceeds threshold, growth rate CE that begins to decline higher scores. Furthermore, acts catalyst, playing negative moderating role validated by both regression fixed effects models on data. Green indirectly influences supporting innovation, thus facilitating transition greener economic development framework. Lastly, disparities are found influence CE. In regions high performance, impact is smaller, while low more significant. findings offer theoretical backing for policymakers regarding efficacy achieving neutrality objectives, valuable strategic recommendations diversified formulation strategies national provincial scales. Regional heterogeneity test results provide support formulating policies encourage provinces performance.
Language: Английский
Citations
8
Scientific Reports, Journal Year: 2024, Volume and Issue: 14(1)
Published: July 22, 2024
Green finance (GF) has emerged as a promising tool to promote low-carbon development, while knowledge is rather limited regarding the underlying mechanism. This article aims address this void by constructing city-level GF index covering seven dimensions and identifying main pathways through which can facilitate development of cities. Using balanced panel data 277 Chinese cities from 2010 2020, results show that: (1) China's exhibits an overall spatial differentiation 'high in east low west', distribution carbon intensity (CI) displays north south'; (2) significantly decreases CI cities, robust employing DID strategies IV estimations; (3) The role on varies with level whereas not GF. Specifically, mitigating effect significant both high groups, but only group; (4) promotes transition mainly adjusting industrial structure than stimulating technological innovation. Despite we also demonstrate green enhances innovation, due multi-factors, such technology progress it brings may always translate into tangible improvement productivity. For most developing countries including China, future policy objective should focus enhancing sustainable progress.
Language: Английский
Citations
8
Heliyon, Journal Year: 2024, Volume and Issue: 10(2), P. e24175 - e24175
Published: Jan. 1, 2024
Under the challenges of global crises such as climate warming, ESG performance, which represents sustainable development, has received widespread attention at home and abroad. Using panel data from 2011 to 2020, comprising 726 high energy-consuming companies listed on Shanghai Shenzhen A-shares, this paper takes Energy Internet demonstration project in 2016 a quasi-natural experiment builds difference-in-difference model study its microscopic policy effects. The found that, firstly, can markedly enhance performance companies. Secondly, mechanism test finds that facilitate enterprises their through three mechanisms: increasing government subsidies for energy conservation environmental protection, absorbing talent employment improving information environment within enterprises. Finally, heterogeneity analysis proves Internet's effects are more pronounced regions with higher financial expenditures local science undertakings among state-owned China ought persist advancing development provide adequate support finance, technology. Meanwhile, during construction Internet, should be paid adapting conditions
Language: Английский
Citations
6
Finance research letters, Journal Year: 2024, Volume and Issue: 65, P. 105472 - 105472
Published: April 27, 2024
Language: Английский
Citations
6