scholarly journals Do the Green Credit Guidelines Affect Corporate Green Technology Innovation? Empirical Research from China

2021 ◽  
Vol 18 (4) ◽  
pp. 1682
Author(s):  
Min Hong ◽  
Zhenghui Li ◽  
Benjamin Drakeford
Keyword(s):  
Technology Innovation ◽  
Green Technology ◽  
Debt Financing ◽  
Financing Constraints ◽  
Difference Model ◽  
Financing Constraint ◽  
Important Means ◽  
Regulatory Commission ◽  
The Impact ◽  
Innovation Policies

Green technology innovation is regarded as an important means to achieve sustainable development. Countries all over the world mainly implement green technology innovation policies from the aspects of environmental regulation and financing constraints. The effect of financing constraint policy on enterprise green technology innovation remains to be investigated. Based on the event of “green credit guidelines” issued by China Banking Regulatory Commission in 2012, this paper collects the panel data of China’s 2825 listed companies from 2007 to 2018, constructs a difference-in-difference model, and studies the impact of green credit guidelines on corporate green technology innovation and its mechanism. The empirical results show: First, green credit guidelines can promote corporate green technology innovation on the whole. Second, the mechanism of green credit on enterprise green technology innovation is identified. Green credit guidelines mainly limited green technology innovation through reducing debt financing, rather than through financing constraints. Third, the impact of green credit guidelines on green technology innovation is heterogeneous. Green credit guidelines have a significant effect on the green technology innovation of state-owned and large enterprises, but have no effect on the green technology innovation of non-state-owned and small ones.

scholarly journals Does the Low-Carbon City Pilot Policy Promote Green Technology Innovation? Based on Green Patent Data of Chinese A-Share Listed Companies

2021 ◽  
Vol 18 (7) ◽  
pp. 3695
Author(s):  
Jintao Ma ◽  
Qiuguang Hu ◽  
Weiteng Shen ◽  
Xinyi Wei
Keyword(s):  
Technological Innovation ◽  
Technology Innovation ◽  
Objective Assessment ◽  
Green Technology ◽  
Low Carbon ◽  
Corporate Financing ◽  
Multiple Dimensions ◽  
Low Carbon City ◽  
The Impact ◽  
A Share

To cope with climate change and achieve sustainable development, low-carbon city pilot policies have been implemented. An objective assessment of the performance of these policies facilitates not only the implementation of relevant work in pilot areas, but also the further promotion of these policies. This study uses A-share listed enterprises from 2005 to 2019 and creates a multi-period difference-in-differences model to explore the impact of low-carbon city pilot policies on corporate green technology innovation from multiple dimensions. Results show that (1) low-carbon city pilot policies stimulates the green technological innovation of enterprises as manifested in their application of green invention patents; (2) the introduction of pilot policies is highly conducive to green technological innovation in eastern cities and enterprises in high-carbon emission industries; and (3) tax incentives and government subsidies are important fiscal and taxation tools that play the role of pilot policies in low-carbon cities. By alleviating corporate financing constraints, these policies effectively promote the green technological innovation of enterprises. This study expands the research on the performance of low-carbon city pilot policies and provides data support for a follow-up implementation and promotion of policies from the micro perspective at the enterprise level.

scholarly journals The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation

2019 ◽  
Vol 16 (23) ◽  
pp. 4660 ◽  
Author(s):  
Yi ◽  
Fang ◽  
Wen ◽  
Guang ◽  
Zhang
Keyword(s):  
Environmental Policy ◽  
Technology Innovation ◽  
Policy Instruments ◽  
Threshold Effect ◽  
Fixed Effect Model ◽  
Green Technology ◽  
Environmental Policy Instruments ◽  
Heterogeneous Effects ◽  
Different Types ◽  
The Impact

Environmental regulation is an important driving force of green technology innovation. In this paper, environmental policy instruments are classified into three categories: command-control, market-incentive and social-will. Based on the panel data of 30 provinces in China from 2010 to 2017, a fixed effect model and a panel threshold regression model are used to test the heterogeneous effects of different types of environmental policy instruments on the green technology innovation in China. The results show that: (1) Overall, China’s environmental policy instruments do not provide sufficient impetus for green technology innovation; (2) The impact of command-control environmental policy instruments on green technology innovation has a single threshold effect. When its intensity exceeds a certain threshold, green technology innovation is improved. The impact of market-incentive environmental policy instruments on the green technology innovation shows a double threshold effect, that is to say, only when its intensity maintained within a reasonable interval, can green technology innovation be promoted by it; (3) There is significant spatial difference in the impact of different types of environmental policy instruments on green technology innovation. In order to induce green technology innovation, it is necessary to formulate a combined and differentiated environmental policy system, while rationally adjusting the strength of different types of environmental policy instruments.

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 Green technology innovation, media attention and enterprise performance

2021 ◽  
Vol 267 ◽  
pp. 01049
Author(s):  
Mingming Liu ◽  
Hongjie Zhang
Keyword(s):  
Empirical Analysis ◽  
Technology Innovation ◽  
Green Technology ◽  
Enterprise Performance ◽  
Promoting Effect ◽  
Impact Mechanism ◽  
Media Attention ◽  
Intermediary Role ◽  
The Impact

This paper selects domestic A-share listed companies from 2010 to 2019 as the research sample, and makes an empirical analysis on the impact mechanism of green technology innovation and enterprise performance, as well as the intermediary role of media attention. It is found that green technology innovation has a significant promoting effect on enterprise performance, and green technology innovation also has a significant promoting effect on media attention, which plays a significant intermediary role between green technology innovation and enterprise performance.

scholarly journals Research on the Impact of Green Technology Innovation on Energy Total Factor Productivity, Based on Provincial Data of China

2021 ◽  
Vol 9 ◽  
Author(s):  
Mengxin Wang ◽  
Yanling Li ◽  
Gaoke Liao
Keyword(s):  
Total Factor Productivity ◽  
Industrial Structure ◽  
Technology Innovation ◽  
Threshold Model ◽  
Threshold Effect ◽  
Green Technology ◽  
Mediating Effect ◽  
Factor Productivity ◽  
Influence Mechanism ◽  
The Impact

Against the background of carbon peaking and carbon neutralization, green technology innovation plays an important role in promoting the energy total factor productivity (TFP). This study verifies the impact of green technology innovation on energy TFP in a complete sample and the subsamples by region, by constructing a panel threshold model, and analyzes its influence mechanism on the basis of the mediating effect test based on annual provincial data of mainland China from 2005 to 2018. The empirical results reveal the following: first, with the level of economic development as the threshold variable, there is a threshold effect in the impact of green technology innovation on the energy TFP; second, green technology innovation has an impact on the energy TFP through industrial structure upgrading; that is, industrial structure has a mediating effect in the influence mechanism; and third, there is heterogeneity in the impact of green technology innovation on the energy TFP among different regions in China, and the threshold effect only exists in the western region, since the central and eastern regions have crossed a certain developmental stage.

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.

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