scholarly journals Research on the Impact of Government Environmental Information Disclosure on Green Total Factor Productivity: Empirical Experience from Chinese Province

2022 ◽  
Vol 19 (2) ◽  
pp. 729
Author(s):  
Liang Zhao ◽  
Liangyu Chen
Keyword(s):  
Economic Development ◽  
Total Factor Productivity ◽  
Information Disclosure ◽  
Threshold Model ◽  
Environmental Information ◽  
Factor Productivity ◽  
Urban Economic ◽  
Urban Economic Development ◽  
Environmental Information Disclosure ◽  
The Impact

Government environmental information disclosure is an important means to promote environmental supervision and law enforcement, and improve the level of environmental management. In order to explore the impact of government environmental information disclosure on the sustainability of urban economic growth, this paper uses the Pollution Information Transparency Index (PITI) to measure the degree of government environmental information disclosure, studies its effect on green total factor productivity through two-way fixed effect model and systematic GMM estimation method, and further adopts threshold model to study whether there is heterogeneity in this effect. The results show that: (1) Each unit of government environmental information disclosure will increase green total factor productivity by 0.2 units. (2) Considering the endogeneity, the promotion of government environmental information disclosure to green total factor productivity has increased. (3) The degree of government environmental information disclosure plays a non-linear role in the path of green total factor productivity. The greater the degree of economic development, the more obvious the effect of government environmental information disclosure on green total factor productivity. Therefore, this paper believes that the government should strengthen the disclosure of environmental information based on the urban economic development to ensure the sustainability of urban economic development.

Does environmental information disclosure affect the performance of energy-intensive firms’ borrowing ability? Evidence from China

2018 ◽  
Vol 29 (5) ◽  
pp. 685-705 ◽  
Author(s):  
Haiqing Hu ◽  
Chun-Ping Chang ◽  
Minyi Dong ◽  
Wei-Na Meng ◽  
Yu Hao
Keyword(s):  
Capital Market ◽  
Information Disclosure ◽  
Cost Of Capital ◽  
Environmental Information ◽  
Influential Factors ◽  
Environmental Information Disclosure ◽  
Loan Size ◽  
The Cost ◽  
The Impact ◽  
Positive Effect

In recent years, a growing strand of China’s listed companies chose to disclose environmental information, which may potentially affect their financial performance then further influence its performance of financial supports. To quantitatively investigate the impact of enterprise’s environmental information disclosure on the ability of firms’ borrowing in China, this paper divides the measurements of information disclosure into five categories and evaluates firms’ performance in capital market through its availability of a loan and the cost of capital. In total, 97 listed energy-intensive companies in China are selected and their data covering the period of 2000–2014 are utilized for empirical study. The empirical results indicate that enterprise’s environmental information disclosure appears to have a significantly positive effect on the loan size available, while the cost of capital is less sensitive to environmental information disclosure. The empirical evidence also suggests that, among the five aspects of information disclosure measurements, the future plan and monetary information are the most influential factors of the cost of capital.

Urban economic development, changes in food consumption patterns and land requirements for food production in China

2015 ◽  
Vol 7 (2) ◽  
pp. 240-261 ◽  
Author(s):  
Li Jiang ◽  
Karen C. Seto ◽  
Junfei Bai
Keyword(s):  
Economic Development ◽  
Food Production ◽  
Content Type ◽  
Capital Cities ◽  
Urban Economic ◽  
Aquatic Products ◽  
Urban Economic Development ◽  
Rate Of Increase ◽  
Per Capita ◽  
The Impact

Purpose – The impact of dietary changes associated with urbanization is likely to increase the demand for land for food production. The purpose of this paper is to examine the impact of urban economic development on changes in food demand and associated land requirements for food production. Design/methodology/approach – Based on economic estimates from the Almost Ideal Demand System, feed conversion ratios, and crop yields, the authors forecast and compare future dietary patterns and land requirements for two types of urban diets in China. Findings – The results show that the expenditure elasticities of oil and fat, meat, eggs, aquatic products, dairy, and liquor for the diet of capital cities are greater than those for the diet of small- and medium-sized cities. The authors forecast that capital city residents will experience a more rapid rate of increase in per capita demand of meat, eggs, and aquatic products, which will lead to much higher per capita land requirements. Projections indicate that total per capita land demand for food production in capital cities will increase by 9.3 percent, from 1,402 to 1,533 m2 between 2010 and 2030, while total per capita land demand in small- and medium-sized cities will increase only by 5.3 percent, from 1,192 to 1,255 m2. Originality/value – The results imply that urban economic development can significantly affect the final outcomes of land requirements for food production. Urban economic development is expected to accelerate the rate of change toward an affluent diet, which can lead to much higher future land requirements.

scholarly journals The Impact of Mandatory Environmental Information Disclosure and the Green Innovation of Pollution-Intensive Companies? Evidence From China

2021 ◽  
Author(s):  
Qianghua Guo ◽  
Yidan Wei
Keyword(s):  
Information Disclosure ◽  
Natural Experiment ◽  
Stock Exchange ◽  
Emerging Countries ◽  
Environmental Information ◽  
Small Companies ◽  
Green Innovation ◽  
Environmental Information Disclosure ◽  
The Impact ◽  
Positive Effect

Abstract Based on the Guidelines of the Shanghai Stock Exchange on Environmental Information Disclosure for Listed Companies issued in 2008, this paper constructs a quasi-natural experiment and uses the did method to study the impact of mandatory environmental information disclosure on the green innovation of pollution-intensive companies in China. The results show that mandatory environmental information disclosure can significantly promote the green innovation of pollution-intensive companies by strengthening the company's motivation and pressure to comply with the regulation; in addition, the positive effect is more obvious in state-owned companies, small companies and companies with poor information condition in pollution-intensive industries. This paper enriches the literature of mandatory environmental information disclosure and offers guidance for policymakers seeking to improve environmental information disclosure policies in emerging countries.

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.

The impact of external debt on total factor productivity and growth in HIPCs: non-linear regression approaches

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sisay Demissew Beyene ◽  
Balázs Kotosz
Keyword(s):  
Total Factor Productivity ◽  
Threshold Model ◽  
External Debt ◽  
Seemingly Unrelated Regression ◽  
Complete Analysis ◽  
Threshold Values ◽  
Factor Productivity ◽  
Content Type ◽  
Non Linear ◽  
The Impact

Purpose The purpose of this study is to provide an empirical analysis of the impact of external debt on total factor productivity (TFP) and growth along with the TFP channel through which external debt affects the growth of heavily indebted poor countries (HIPCs). Design/methodology/approach This study uses panel data econometrics; basically, the seemingly unrelated regression (SUR) and alternative non-linear (panel threshold) models. For robustness check, it also uses panel-corrected standard errors, feasible generalized least squares and SUR (using alternative variables). Findings External debt significantly reduces both TFP and growth. Besides, it confirms that the relationship between external debt and TFP and gross domestic product growth is non-linear. Further external debt can affect the growth of HIPCs through the TFP channel. However, the threshold model result reveals weak evidence of threshold values although there are some threshold values of 67 and 54 for TFP and growth models, respectively. Originality/value To the best of the authors’ knowledge, this is the first study on most concerned countries (HIPCs) that shows a detailed and complete analysis of the TFP channel and the impact of external debt on growth. Thus, it provides appropriate and sound policies that consider the unique characteristics of the countries. Unlike most previous findings, this study does not support an inverted U-shape relationship between external debt and growth. Further, it provides insights into the relationships among TFP, external debt and growth. Moreover, it considers basic panel econometric tests like cross-sectional dependence, uses a non-linear simultaneous equations model along with the alternative non-linear model and is supported by different robustness checks.

scholarly journals Environmental Regulation, Innovation Capability, and Green Total Factor Productivity: New Evidence from China

2021 ◽  
Author(s):  
Chien-Chiang Lee ◽  
Mingli Zeng ◽  
Changsong Wang
Keyword(s):  
Economic Development ◽  
Total Factor Productivity ◽  
Development Strategy ◽  
Innovation Capability ◽  
Factor Productivity ◽  
Promoting Effect ◽  
Environmental Laws ◽  
Intermediary Role ◽  
The Impact ◽  
New Evidence

Abstract In recent years, China's economy has experienced a rapid transformation period from rugged economic development to a sustainable economic development style. Increasing green total factor productivity (GTFP) is considered as one of the important signs. The application of innovation capability (ICY) is becoming more and more widely used in modern life. But it is still unclear how ICY can affect GTFP. With increasingly stricter environmental laws and regulations, how environmental regulations (ER) affect GTFP is unclear. This research contributes to the literature on the impact mechanisms of ICY and ER on GTFP using the data on 30 Chinese provinces covering the period from 2006-2017. The results indicate both ICY and ER can effectively promote GTFP. Compared with ER, ICY has obvious heterogeneity on GTFP, that is, the stronger the ICY is, the stronger it promoting effect on GTFP. Next, ICY plays an intermediary role in ER and GTFP, and ER can promote GTFP through ICY. Accordingly, the paper puts forward some policy suggestions, such as optimizing and improving ER policy, unswervingly practicing innovation-driven development strategy, strengthening monitoring and supervision.

scholarly journals The Impact of Environmental Information Disclosure Quality on Loan Scale for Enterprises in China’s Heavy Polluting Industries

2021 ◽  
Vol 261 ◽  
pp. 04018
Author(s):  
Jianfei Shen ◽  
Yidan Chen
Keyword(s):  
Information Disclosure ◽  
Environmental Information ◽  
Environmental Accounting ◽  
Bank Loans ◽  
Economic Consequences ◽  
Bank Loan ◽  
Disclosure Quality ◽  
Environmental Disclosure ◽  
Environmental Information Disclosure ◽  
The Impact

In view of the importance of environmental accounting to ecological governance, this article attempts to study the economic consequences of environmental information disclosure quality (EID) from the perspective of bank financing. We assume that good environmental information disclosure quality can help companies obtain bank loan, and then test this conjecture through empirical methods. The data of 330 listed companies in China’s heavy polluting industries were collected, and then analysed by SPSS for regression. The result shows that EID is positively related to the scale of corporate bank loan, which means the improvement of EID can bring convenience when companies need bank loans. The research clarifies the financial consequences of EID and provides some enlightenment for the improvement of corporate environmental disclosure quality.

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