The Impact of Green R&D Activities on SO2 Emissions: Evidence from China

Prior research on the effectiveness of improving environmental performance has acknowledged the importance of domestic research and development (R&D) activities. However, these studies remain general and ambiguous because they assume that all R&D operations are associated with environmental performance. The corresponding empirical evidence is inexact and ambiguous. In this study, we focus on the effect of green R&D activities on SO2 emission. Considering that heterogeneity exists in green R&D activities, we divide them into two groups for two purposes. The empirical results, explored based on China’s interprovincial data between 2000 and 2016, suggest that green R&D activities critically influence the reduction of SO2 emissions. However, the R&D activities of different purposes show statistically differentiated effects on SO2 emissions. Primarily, utility-type R&D activities show the most significant positive impact on SO2 emissions reduction. Subsequent research based on the panel threshold also indicates that the impact of green R&D activities on SO2 emissions shows nonlinear characteristics, depending on the technology’s absorptive ability.

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The Impact of Innovation Strategy on the Financial, Social and Environmental Performance

10.35940/ijef.a2501.051121 ◽

2021 ◽

Vol 1 (1) ◽

pp. 33-39

Author(s):

Hamid Saremi ◽

Masoud Mahmoudi ◽

Mojtaba Soltaninezhad ◽

Mohammad Hosseinpour

Keyword(s):

Financial Performance ◽

Environmental Performance ◽

Positive Impact ◽

Stock Exchange ◽

Social Performance ◽

Point Of View ◽

Innovation Strategy ◽

Management Tools ◽

Social And Environmental Performance ◽

The Impact

The core purpose of this study is to investigate the effect of innovation strategy on financial, social and environmental performance of companies listed on the Tehran Stock Exchange (TSE). The information used is from 129 companies listed on TSE in different industries between 2011 and 2018 (1032 observations). In order to analyze the data, a multivariate regression test was used. The results showed a positive and significant relationship between innovation strategy on financial performance and environmental performance. Also, the relationship between innovation strategy and social performance has a positive but insignificant. Innovation tools are also among the few management tools that can have a positive impact on both financial performance and the company's environmental performance. In this research, an attempt has been made to look at the idea of innovation from a financial point of view, and its results in the long run indicate the right choice of management to invest in the company's research and development unit.

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THE IMPACT OF INNOVATION ON ECONOMIC GROWTH: THE SPILLOVER EFFECT OF FOREIGN DIRECT INVESTMENT

Humanities & Social Sciences Reviews ◽

10.18510/hssr.2020.8279 ◽

2020 ◽

Vol 8 (2) ◽

pp. 708-714

Author(s):

Nguyen Tran Thai Ha ◽

Sobar M. Johari ◽

Trinh Thi Huyen Thuong ◽

Nguyen Thi Minh Phuong ◽

Le Thi Hong Anh

Keyword(s):

Economic Growth ◽

Foreign Direct Investment ◽

Research And Development ◽

Direct Investment ◽

Positive Impact ◽

Spillover Effect ◽

Empirical Method ◽

Convincing Evidence ◽

Positive Contribution ◽

The Impact

Purpose of the study: Innovation is seen as the key to improving quality and productivity, thereby promoting competition and economic growth. This study analyzes the impact of innovation on economic growth through various measures, such as research and development spending, the number of researchers, number of patents as well as trademark registrations. Research results are evidence to recommend policies for intellectual-based economic growth. Methodology: Literature review and empirical analysis conducted in the study. The empirical method is a two-step System Generalize Methods of Moments (GMM), aiming at reliable results. Accessing the World Bank Database, research data from 64 developed and developing countries are collected from 2006 to 2014. Main Findings: The empirical findings show that innovation plays a crucial contribution in promoting economic growth, similar to national openness and government spending on education. This study also finds a positive impact on foreign investment flows and their spillover role in enhancing the correlation between innovation and economic growth. Applications of this study: The findings of this study focus on the contributions of innovation, foreign direct investment inflows, and other macro factors that can be enforced to improve economic growth by policymakers. Novelty/Originality of this study: The study uses different measures of innovation, including inputs such as the number of researchers, research and development expenditure, and outputs as the number of patents and number of trademark registrations. Empirical findings are found consistently, thus confirming that innovation is very important for economic growth. The study also shows convincing evidence confirming the positive contribution of foreign direct investment as well as its spillover effect on innovation and economic growth.

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The Impact of Public Expenditure on Economic Growth: A Review of International Literature

Folia Oeconomica Stetinensia ◽

10.2478/foli-2019-0015 ◽

2019 ◽

Vol 19 (2) ◽

pp. 81-101

Author(s):

Sheilla Nyasha ◽

Nicholas M. Odhiambo

Keyword(s):

Economic Growth ◽

Empirical Evidence ◽

Government Spending ◽

Public Expenditure ◽

Negative Impact ◽

Positive Impact ◽

Government Expenditure ◽

Empirical Literature ◽

The Impact ◽

The Relationship

Abstract Research background: Although a number of studies have been conducted on the relationship between public expenditure and economic growth, it is difficult to tell with certainty whether or not an increase in public expenditure is good for economic growth. This lack of consensus on the results of the previous empirical findings makes this study of paramount importance as we take stock of the available empirical evidence from the 1980s to date. Purpose: In this paper, theoretical and empirical literature on the relationship between government expenditure and economic growth has been reviewed in detail. Focus was placed on the review of literature that assessed the impact of government spending on economic growth. Research Methodology: This study grouped studies on the impact of public expenditure on economic growth based on their results. Three groups emerged – positive impact, negative impact and no impact. This was followed by a review of each relevant study and an evaluation of which outcome was more prevalent among the existing studies on the subject. Results: The literature reviewed has shown that the impact of government spending on economic growth is not clear cut. It varies from positive to negative; with some studies even finding no impact. Although the impact of government spending on economic growth was found to be inconclusive, the scale tilts towards a positive impact. Novelty: The study provides an insight into the relationship between public expenditure and economic growth based on a comprehensive review of previous empirical evidence across various countries since the 1980s.

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Impact of Monetary Policy on Economic Growth: Empirical Evidence in Vietnam

International Journal of Social Science and Economics Invention ◽

10.23958/ijssei/vol05-i10/169 ◽

2019 ◽

Vol 5 (10) ◽

Author(s):

Tang My Sang

Keyword(s):

Economic Growth ◽

Monetary Policy ◽

Interest Rates ◽

Empirical Evidence ◽

Money Supply ◽

Negative Impact ◽

Positive Impact ◽

Secondary Data ◽

The Impact

Through the secondary data collected from 2009 to 2018, the research used Var method to test the impact of monetary policy on economic growth in Vietnam. The results show that there is a relationship between the variables of monetary policy and economic growth, in which the money supply has a positive impact at a high significant level, interest rates have a negative impact on Vietnam economic growth. From the results obtained, the research proposed solutions for operating monetary policy.

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IS THE ENVIRONMENTAL PERFORMANCE, ENVIRONMENTAL ACCOUNTING, AGENCY COST IMPACT ON COMPANY PERFORMANCE? (CASE STUDY OF REGIONAL WATER COMPANIES IN INDONESIA)

International Journal of Contemporary Accounting ◽

10.25105/ijca.v2i1.6319 ◽

2020 ◽

Vol 2 (1) ◽

pp. 39

Author(s):

Hendra Setiawan

Keyword(s):

Environmental Performance ◽

Negative Impact ◽

Positive Impact ◽

Agency Cost ◽

Environmental Accounting ◽

Primary Data ◽

Company Performance ◽

Performance Audit ◽

Audit Reports ◽

The Impact

<p>Companies that want to continue, exist and thrive in this day must make an increase in company performance. The performance referred to here is not just performance according to the company wishes but in accordance with customer needs. Factors that influence the company's current performance are environmental factors and agency cost. This study will analyze the impact of environmental performance, environmental accounting and agency cost on company performance. The target population of this research is the local water company (PDAM) of 34 PDAMs out of 368 PDAMs which were evaluated based on PDAM performance audit reports up to 2016 conducted by BPKP and financial audits by the Public Accountant Office (KAP). Data collection techniques are primary data through questionnaires that are shared with PDAM stakeholders and secondary data on PDAM performance audit reports. The results showed that environmental performance had a significant negative impact on PDAM company performance because of its impact value - 0.334 and the t-statistic was 3.589. Meanwhile, environmental accounting and agency cost have a significant positive impact on the performance of PDAM where the impact values are 0.4692 and 0.3816 and their t-statistics values are 7.3769 and 3.522, respectively. The PDAM must pay attention to its environmental performance impactively and efficiently by always paying attention to environmental accounting and agency costs.</p>

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An Empirical Study of the Impact of Metro Station Proximity on Property Value in The Case of Nanjing, China

Asian Development Policy Review ◽

10.18488/journal.107.2014.24.61.71 ◽

2014 ◽

Vol 2 (4) ◽

pp. 61-71

Author(s):

Xinyue Zhang ◽

Yanqing Jiang

Keyword(s):

Empirical Study ◽

Urban Areas ◽

Positive Impact ◽

Property Value ◽

Price Variation ◽

Metro Station ◽

Empirical Results ◽

Suburban Areas ◽

The Impact

This paper analyzes the impact of metro station proximity on property value from both theoretical and empirical perspectives. Data on second-hand apartments within six kilometers of metro line 1 and 2 stations in Nanjing are used. Our empirical results show that metro station proximity has a positive partial effect on property value. The degree of impact diminishes with the increase of the distance. The extent of impact reaches the largest when the distance is less than five hundred meters, and is still remarkable when the distance is within two kilometers. The effect becomes insignificant when the distance is larger than two kilometers. Our empirical results also show that with the distance increasing, the extent of price variation is widened first, reaching a peak when the property is within one kilometer, and then decreases. In addition, metro station proximity in suburban areas is shown to have a higher positive impact on property value compared with metro station proximity in urban areas.

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The Impact of Lean Manufacturing on Enviromental Performance in Moroccan Automotive Industry

Management Systems in Production Engineering ◽

10.2478/mspe-2021-0023 ◽

2021 ◽

Vol 29 (3) ◽

pp. 184-192

Author(s):

Yassine Bouazza ◽

Azza Lajjam ◽

Btissam Dkhissi

Keyword(s):

Organizational Development ◽

Automotive Industry ◽

Environmental Performance ◽

Lean Manufacturing ◽

Positive Impact ◽

Energy Price ◽

Sustainable Operations ◽

Environmental Practices ◽

Manufacturing Productivity ◽

The Impact

Abstract Due to an increase in energy price and pollution plus environmental regulations, companies start to adopt green policies. In fact, companies are encouraged by governments to develop strategies to achieve more sustainable operations. Based on this literature review the contribution of Lean Manufacturing on environmental performances will be discussed, a survey of 50 different automotive companies based in Morocco, shows how they are carrying out manufacturing and environmental practices. The result of this study shows a positive impact of advanced Lean Manufacturing’s tools on the environmental performance and contribute to the present literature on environmentally friendly Manufacturing. The findings and proposals of this paper can be a beginning step for Moroccan companies to completely use their capability of environmental practices and improve their manufacturing productivity performance while identifying trends in organizational development.

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The Impact of Foreign SO2 Emissions on Aerosol Direct Radiative Effects in South Korea

Atmosphere ◽

10.3390/atmos11090887 ◽

2020 ◽

Vol 11 (9) ◽

pp. 887

Author(s):

Jung-Woo Yoo ◽

Wonbae Jeon ◽

Hwa Woon Lee ◽

Jeonghyeok Mun ◽

Soon-Hwan Lee ◽

...

Keyword(s):

South Korea ◽

Emission Reduction ◽

Radiative Effects ◽

So2 Emissions ◽

So2 Emission ◽

Concentration Difference ◽

Concentration Changes ◽

The Difference ◽

The Impact ◽

Pm2.5 Concentration

This study examined the impact of foreign SO2 emission changes on the aerosol direct radiative effects (ADRE) in South Korea. Simulations that applied basic emissions (BASE) and simulations that applied reduced SO2 emissions from foreign sources (R_FSO2) were performed, respectively, using the Weather Research and Forecasting (WRF)-Community Multiscale Air Quality (CMAQ) two-way coupled model. In addition, the difference between the two experimental results was calculated (i.e., R_FSO2 minus BASE) to quantitatively identify the impact of foreign SO2 emission reduction. The reduction in foreign SO2 emissions caused a decrease in the concentration of SO2 flowing in from overseas to South Korea. As a result, a clear decrease in SO42− concentration was shown mainly in the southwest coast of South Korea. The difference in PM2.5 concentration in South Korea according to the foreign SO2 emission reduction did not correspond to the difference in SO42− concentration; it was determined in a complex way by the changes in SO42− concentration caused by SO2 concentration changes, and the subsequent series of changes in NO3− and NH4+ concentrations. The differences in SO42− and PM2.5 concentrations caused by the foreign SO2 reduction also affected the ADRE changes in South Korea. The distribution of ADRE difference between the two experiments was not consistent with the distribution of PM2.5 concentration difference, but it was very similar to the distribution of SO42− concentration difference. These results imply that the ADRE of South Korea is not simply proportional to PM2.5 concentration and may be determined by concentration changes of SO42−.

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FINANCIAL INTEGRATION, ENERGY CONSUMPTION AND ECONOMIC GROWTH IN VIETNAM

Annals of Financial Economics ◽

10.1142/s2010495220500104 ◽

2020 ◽

Vol 15 (03) ◽

pp. 2050010

Author(s):

NGUYEN MINH HA ◽

BUI HOANG NGOC ◽

MICHAEL MCALEER

Keyword(s):

Economic Growth ◽

Energy Consumption ◽

Financial Integration ◽

Positive Impact ◽

Vector Autoregressions ◽

Bounds Testing ◽

Causality Test ◽

Empirical Results ◽

Long Run ◽

The Impact

The paper investigates the impact of financial integration and energy consumption on economic growth in Vietnam during the period 1986–2017. By applying the Autoregressive Distributed Lag ARDL) approach proposed by Pesaran et al. [Pesaran, MH, Y Shin and RJ Smith (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326.] and the bounds cointegration test, the empirical results show the existence of long-term cointegration among all the variables, and that an increase in financial integration leads to an increase in economic growth in the long run. There is a positive impact of energy consumption on growth in both the short run and long run. The causality test of Toda and Yamamoto [Toda, HY and T Yamamoto (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics, 66(1–2), 225–250.] confirm that there is bi-directional causality between the pairs, financial integration and economic growth, and energy consumption and growth, which support the feedback hypothesis. However, there is only uni-directional causality from energy consumption to financial integration. The empirical results should be of major empirical importance for public policy decision-makers to plan sustainable development goals for Vietnam.

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The impact of environmental performance on capital structure and firm performance: the case of Turkey

Society and Business Review ◽

10.1108/sbr-11-2020-0138 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Ismail Kalash

Keyword(s):

Capital Structure ◽

Financial Performance ◽

Stock Returns ◽

Environmental Performance ◽

Positive Impact ◽

Stock Exchange ◽

Ordinary Least Squares ◽

Content Type ◽

The Impact ◽

The Capital Structure

Purpose The purpose of this study is to investigate the effect of environmental performance on the capital structure and financial performance of Turkish listed firms. Design/methodology/approach This study used data of 49 firms listed on Istanbul Stock Exchange during the period between 2014 and 2019, resulting in 205 firm-year observations. The environmental performance data were drawn from the carbon disclosure project Turkey climate change reports. Ordinary least squares and binary logistic regression models were used to examine whether environmental performance impacts the capital structure and financial performance. Findings The findings of this research revealed that environmental performance significantly positively affects the firm leverage. Findings also showed that environmental performance has a significantly positive impact on return on assets, operating profitability and return on equity, but no significant impact on stock returns. Practical implications Given the increased borrowing costs for Turkish firms after the 2018 currency crisis in Turkey, the findings of this study are very important as they enable managers of Turkish firms to make better decisions related to capital structure and to understand the role of environmental performance in reducing the cost of debt and enhancing financial performance. Originality/value To the author’s knowledge, this research is the first to investigate the effect of environmental performance on capital structure in the Turkish context, and is one of few that explained how environmental performance affects the financial performance of Turkish firms.

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