Sustainability,
Год журнала:
2023,
Номер
15(22), С. 15997 - 15997
Опубликована: Ноя. 16, 2023
The
world
is
plagued
by
difficult
problems
such
as
ecological
degradation
and
resource
depletion.
This
study
utilizes
data
from
664
Shanghai
Shenzhen
A-share
listed
enterprises
in
the
heavy
pollution
industry
2007
to
2019;
this
paper
constructs
a
two-way
fixed
effects
panel
model
mediated
effect
test
relevant
of
local
government
environmental
target
constraints
(LGETCs)
on
performance
(HPEs).
main
findings
are
follows:
First,
LGETCs
significantly
inhibit
short-term
HPEs.
Second,
have
heterogeneous
impact
HPEs
based
regional,
industry,
firm
ownership
differences.
sentence
suggests
that
targets
can
exert
restraining
heavily
polluting
companies
influencing
factors
financial
constraints,
agency
costs,
levels
technological
innovation.
In
context,
costs
act
mediating
factors,
while
corporate
innovation
green
masking
relationship.
appears
suggest
indirectly
positive
long-term
through
innovative
incentives.
Furthermore,
research
article
provides
theoretical
support
for
efforts
address
deteriorating
environments
expedite
energy
conservation
emission
reduction
companies.
Management of Environmental Quality An International Journal,
Год журнала:
2025,
Номер
unknown
Опубликована: Март 22, 2025
Purpose
Command
and
control
policies
are
widely
used
in
both
developed
developing
countries.
However,
the
command-and-control
policy,
represented
by
responsibility
system
for
environmental
targets,
was
created
China.
The
policy
assigns
emission
reduction
targets
to
local
governments
links
official
promotions
emissions
performance.
How
this
guided
companies
reduce
has
not
yet
been
explained
detail.
Therefore,
paper
analyzes
impact
of
total
pollution
(TPCP)
on
corporate
Design/methodology/approach
uses
two-way
fixed
effects
model
evaluate
We
focus
critical
pollutant
target
formulated
during
11th
12th
Five-Year
Plans.
use
Chinese
industrial
enterprise
database
city-level
data
from
2006
2014.
constructs
at
prefecture-level
cities
based
provincial
each
city.
Findings
Our
finds
that
TPCP
significantly
reduced
enterprises’
sulfur
dioxide
chemical
oxygen
demand.
promoted
through
specific
allocation
evaluation
incentives.
Specifically,
increased
investment
enterprises
strengthened
end-of-pipe
control.
also
decreased
reducing
output.
Heterogeneity
analysis
shows
stronger
implementation
more
stable
better
effect
enterprises.
Originality/value
proves
reductions
can
be
achieved
combined
with
promotion
Compared
existing
only
clear
but
incorporates
results
into
officials.
This
proposes
improve
trading
mechanism,
realize
cross-regional
production
compensation
incentivize
green
innovation
provides
a
practical
reference
optimizing
design
sustainably
driving
reduction.
