scholarly journals The Influence of Host Country’s Environmental Regulation on Enterprises’ Risk Preference of Multinational Investment

2021 ◽  
Vol 9 ◽  
Author(s):  
Cheng Peng ◽  
Hui Jiang
Keyword(s):  
Social Responsibility ◽  
Environmental Protection ◽  
Environmental Regulation ◽  
Host Country ◽  
Foreign Investment ◽  
Technology Innovation ◽  
Risk Preference ◽  
Green Technology ◽  
High Quality ◽  
The Impact

At present, China is in an important period of promoting high-quality economic development. In order to promote enterprises to “go global” and realize high-quality foreign investment, China advocates enterprises to abide by the environmental protection laws and regulations of the host country and standardize their environmental protection behaviors in foreign investment cooperation. However, the impact of the host country’s environmental regulation on Chinese enterprise’s multinational investment risk preference has not been paid enough attention. This paper makes an empirical analysis on how the host country’s environmental regulation affects the enterprises’ risk preference of multinational investment (MIRP) by using the samples of A-share listed companies in China from 2010 to 2018 and emphatically examines the moderating effects of enterprise’s green technology innovation and social responsibility on the relationship between host country’s environmental regulation and enterprises’ MIRP. It is found that, on the whole, the environmental regulation of the host country will significantly promote the enterprises’ MIRP. The green technology innovation will positively moderate the impact of the environmental regulation of host country on enterprises’ MIRP, while the engagement of corporate social responsibility will inhibit this positive impact.

scholarly journals Environmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China

2021 ◽  
Vol 18 (22) ◽  
pp. 11991
Author(s):  
Pei Wang ◽  
Cong Dong ◽  
Nan Chen ◽  
Ming Qi ◽  
Shucheng Yang ◽  
...  
Keyword(s):  
Environmental Regulation ◽  
Technology Innovation ◽  
Panel Data Analysis ◽  
Green Technology ◽  
Role Of Government ◽  
New Era ◽  
Government Subsidies ◽  
The North ◽  
The Impact

Economic development in the “new era” will require green innovation. To encourage the growth of green technology innovation, it has become fashionable to strengthen environmental regulation. However, the impact of environmental regulation on green technology innovation, as well as the role of government subsidies, needs to be examined. Utilizing fixed-effect models and 2SLS models to explore the impact of environmental regulation on green technology innovation in China from 2003 to 2017, this research sought to examine whether environmental regulations impact green technology innovation, as well as the role of government subsidies in the above-mentioned influence path. The findings support the Porter Hypothesis by demonstrating an inverted “U” relationship between environmental regulation and green technology innovation. The impact of environmental regulation on green technology innovation varies by region. To be specific, there is an inverted “U” relationship between environmental regulation and green technology innovation in China’s central and central coast regions. In comparison, the north area, southern coast, and southwest region exhibit a “U” relationship between the two. The relationship is not significant in the Beijing-Tianjin region. Additionally, government subsidies act as an intermediate in this process, positively influencing firms to pursue green technology innovation during the earliest stages of environmental regulation strengthening. However, government subsidies above a certain level are unproductive and should be used appropriately and phased off in due course.

scholarly journals Impact of Environmental Regulation Intensity on Green Technology Innovation: From the Perspective of Political and Business Connections

2021 ◽  
Vol 13 (9) ◽  
pp. 4862
Author(s):  
Yu-Hong Ai ◽  
Di-Yun Peng ◽  
Huan-Huan Xiong
Keyword(s):  
Environmental Regulation ◽  
Technology Innovation ◽  
Negative Impact ◽  
Early Stage ◽  
Green Technology ◽  
Political Connections ◽  
Long Run ◽  
Business Connections ◽  
The Impact ◽  
The Relationship

With heavy air pollution and the highest CO2 emissions in the world, China is in urgent need of technology innovation to improve the energy efficiency and control the pollution emission. This study empirically investigates the impact of environmental regulation intensity, political connections, and business connections on green technology innovation in China’s firms. The authors employ a panel data regression analysis on a dataset that comprises 884 observations for A-share listed companies from 2016 to 2019, owing to the availability of data. The results show: (1) Environmental regulation intensity (ERI) has a U-shaped effect on green technology innovation (GTI), which means GTI is inhibited by ERI in the early stage but gets promoted in the long run; (2) Political connections positively moderate the relationship between ERI and GTI mainly because of crowding-out effect and resource effect; (3) Business connections have a negative impact on the relationship between ERI and GTI, resulting from knowledge acquisition and lock-in; (4) Business connections have a greater moderating effect than political connections probably because political ties lack an effective mechanism to ensure long-term cooperation with the enterprises; (5) However, with regard to those firms in the non-heavily polluting industry, both connections moderate the relationship between ERI and GTI in an opposite direction to the main effect. The research results help policy makers formulate relevant policies, based on the impact of environmental regulation and social connections on green technology innovation.

scholarly journals Analysis on the Influencing Factors of Green Technological Innovation Efficiency——Based on the Perspective of the Law Construction and Banking Efficiency

2021 ◽  
Vol 275 ◽  
pp. 02056
Author(s):  
Yuxin Zhang ◽  
Chenghao Sun ◽  
Shuoxin Wang
Keyword(s):  
Technological Innovation ◽  
Technology Innovation ◽  
Legal Protection ◽  
Green Technology ◽  
High Quality ◽  
Banking Efficiency ◽  
Factors Affecting ◽  
The Law ◽  
The Impact ◽  
Law Construction

Based on provincial data from 2010 to 2016, this paper uses regression model to analyze the factors affecting the green technology innovation efficiency and discuss the impact from the perspective of law construction and banking efficiency. The result shows that the law construction significantly improves the green technology innovation efficiency while the banking efficiency has the opposite result. Therefore, it is necessary to optimize financial structure and strengthen the legal protection of technological innovation, and ultimately promote high-quality development.

scholarly journals Research on the Optimal Path of Enterprise Green Technology Innovation

2021 ◽  
Vol 252 ◽  
pp. 03036
Author(s):  
Zhiyu Li ◽  
Pengjuan Lv ◽  
Shuai Hong
Keyword(s):  
Environmental Regulation ◽  
Technological Innovation ◽  
Technology Innovation ◽  
Optimal Path ◽  
Innovation System ◽  
Green Technology ◽  
Policy Tools ◽  
Green Development ◽  
The Impact

The construction of a green technology innovation system should not only give attention to technological innovation, but also pay attention to the heterogeneity of the enterprise itself. Therefore, from the dual perspectives of environmental regulation and corporate heterogeneity, we analyze the impact of corporate green technology innovation and believe that building a market-oriented green technology innovation system requires improving green development efficiency, promoting green technology R&D and application, and strengthening the combination of policy tools. Thus to support green transformation and development.

scholarly journals An Empirical Study on the Impact of Environmental Regulation on the Efficiency of Green Technology Innovation

2021 ◽  
Vol 248 ◽  
pp. 02029
Author(s):  
Wu Min
Keyword(s):  
Empirical Study ◽  
Environmental Regulation ◽  
Direct Effect ◽  
Indirect Effect ◽  
Technology Innovation ◽  
Spillover Effect ◽  
Green Technology ◽  
Total Effect ◽  
Two Stage ◽  
The Impact

This paper uses two-stage super efficiency network SBM DEA model to calculate the efficiency of green technology innovation, and analyzes the spillover effect of three different environmental regulations, namely command control, market incentive and independent participation. The results show that the direct effect of the command control environmental regulation on the efficiency of green technology innovation is positive, the indirect effect and the total effect are negative; the direct effect, indirect effect and total effect of market incentive environmental regulation and independent participation Environmental Regulation on the efficiency of green technology innovation are positive.

scholarly journals A Three-Player Game Model for Promoting the Diffusion of Green Technology in Manufacturing Enterprises from the Perspective of Supply and Demand

Mathematics ◽  
2020 ◽  
Vol 8 (9) ◽  
pp. 1585
Author(s):  
Manman Wang ◽  
Shuai Lian ◽  
Shi Yin ◽  
Hengmin Dong
Keyword(s):  
Environmental Regulation ◽  
Government Regulation ◽  
Technology Innovation ◽  
Supply And Demand ◽  
Green Technology ◽  
Manufacturing Enterprises ◽  
Starting Point ◽  
Potential Demand ◽  
The Government ◽  
The Impact

Taking the rational use of environmental regulations to promote the diffusion of green technology innovation in China’s manufacturing enterprises as the starting point, this study analyzed the benefits to the government, innovation-supplying enterprises, and potential demand-oriented enterprises. In addition, a tripartite evolutionary model was constructed to examine the impact of command-and-control environmental regulation and market-driven environmental regulation on the diffusion of green technology innovation in manufacturing enterprises. Finally, the study compared and analyzed the heterogeneous effects of different types of environmental regulation tools on the diffusion of green technology innovation in manufacturing enterprises using local stability analysis and numerical simulation. The results are as follows: (i) When the government does not implement environmental regulation tools or the regulation intensity is relatively small, the diffusion depth of green technology innovation in manufacturing enterprises is zero. (ii) When government regulation reaches a certain level, the system of manufacturing enterprises, innovation-supplying enterprises, and potential demand-oriented enterprises will choose to actively promote the diffusion of green technology innovation following a long evolution process. (iii) Increasing the punishment intensity and subsidy rate of green technology innovation can stimulate the diffusion of green technology innovation in manufacturing enterprises. (iv) The comprehensive use of the two kinds of environmental regulation tools has a heterogeneous influence on the strategic choice of green technology innovation diffusion subjects of manufacturing enterprises, and its incentive effect on potential demand-oriented enterprises is relatively poor.

Whether green technology innovation is conducive to haze emission reduction: Empirical evidence from China

2021 ◽  
Author(s):  
Ming Yi ◽  
Ying Lu ◽  
Le Wen ◽  
Ying Luo ◽  
Shujing Xu ◽  
...  
Keyword(s):  
Spatial Correlation ◽  
Foreign Investment ◽  
Industrial Structure ◽  
Technology Innovation ◽  
Collaborative Governance ◽  
Spillover Effects ◽  
Green Technology ◽  
Haze Pollution ◽  
The Impact ◽  
Negative Spillover

Abstract With the acceleration of industrialization, haze pollution has become a severe environmental pollution problem, and green technology innovation is one feasible way to alleviate it. Based on the PM2.5 concentration data of 30 provinces in mainland China from 2011 to 2017, we use a spatial panel model to investigate the spatial characteristics of haze pollution and examine the impact of green technology innovation on it. Results show that haze pollution has spatial correlation and a time lag. Its spatial correlation is associated with geographical distance as well as the compound influence of distance and economic development. Green technology innovation and foreign investment have inhibitory and negative spillover effects on haze pollution. Industrial structure and energy consumption structure play a partial intermediary role between green technology innovation and haze pollution, and the former has a significant negative spillover, while the latter has a positive effect. To reduce haze pollution, China should improve the level of green technology innovation, use foreign investment wisely, and enhance policy support and guidance. It should also promote the rationalization of industrial structure, optimize energy structure and implement energy substitution. Finally, it is crucial that it should strengthen regional collaborative governance and build a multi-agent governance system.

scholarly journals Environmental regulation, environmental responsibility, and green technology innovation: Empirical research from China

PLoS ONE ◽  
2021 ◽  
Vol 16 (9) ◽  
pp. e0257670
Author(s):  
Yuanyang Wang ◽  
Yanlin Yang ◽  
Chenyu Fu ◽  
Zengzeng Fan ◽  
Xiaoping Zhou
Keyword(s):  
Environmental Regulation ◽  
Environmental Sustainability ◽  
Technology Innovation ◽  
Institutional Environment ◽  
Fiscal Decentralization ◽  
Green Technology ◽  
Environmental Taxes ◽  
Environmental Responsibility ◽  
Corporate Environmental Responsibility ◽  
The Impact

Innovation and green are the directions to promote the circular economy and environmental sustainability at the corporate level. This paper examines the impact of environmental regulation (pollution charge) on green technology innovation and the mediating role of corporate environmental responsibility. Our results indicate that: (1) Environmental regulations stimulate manufacturing enterprises’ environmental responsibility and green technology innovation. It is worth noting that corporate environmental responsibility strengthens the relationship between environmental regulation and green technology innovation. (2) Further investigation reveals that R&D expenditure and environmental investment have greatly strengthened the positive effect of environmental regulation on green technology innovation. (3) With more detailed disclosure about enterprises’ environment-related information, the more outstanding stimulation effects of environmental regulation. Discussions on the features of enterprise location have revealed that, if the goal of environmental protection is set too high or if the fiscal decentralization is too strong, implementation of environmental regulation would not achieve desirable results. Accordingly, we need to optimize the collection of environmental taxes, strengthen the enterprises’ environmental responsibility, and increase investment in R&D and environment protection. Meanwhile, the execution of environmental regulation should also take into account the institutional environment and governance features of the enterprise locations.

Environmental Regulation, Economic Policy Uncertainty, and Green Technology Innovation

2021 ◽  
Author(s):  
Xiaoqing Li ◽  
Zongyi Hu ◽  
Qing Zhang
Keyword(s):  
Economic Policy ◽  
Environmental Regulation ◽  
Technology Innovation ◽  
Negative Influence ◽  
Green Technology ◽  
Policy Uncertainty ◽  
Economic Policies ◽  
Green Innovation ◽  
Economic Policy Uncertainty ◽  
The Impact

Abstract Green technology innovation is imperative to sustainable and environmentally sound economic development and is currently facing increasingly serious environmental threats. However, existing research has overlooked the uncertainties in economic policies. Based on the logical relationship between environmental regulation, economic policy uncertainty, and green technology innovation, this study empirically analyzed the quantitative relationship among these three variables using the fixed-effect panel method and provincial panel data from 2000 to 2017 for 30 administrative regions of China. The results show that environmental regulation is positively correlated with green innovation, whereas economic policy uncertainty has a negative influence on green innovation, thereby regulating the relationship between the remaining two factors. Moreover, considerable regional heterogeneity exists in these causal influences, i.e., environmental regulation promotes green innovation in the eastern and middle regions but not significantly in the west. The uncertainty actively moderates the impact of environmental regulation on green innovation in all regions with an adjustment coefficient of approximately 0.8; however, it inhibits green innovation in different degrees, especially in the eastern and middle regions. Based on empirical results, we conclude that strict and appropriate environmental regulations are necessary and effective in China to encourage green technology innovation, especially in regions with uncertain economic policies.

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