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 The impact of FDI on environmental technology innovation from the perspective of environmental regulation

2020 ◽  
Vol 206 ◽  
pp. 02001
Author(s):  
Ziting Wei
Keyword(s):  
Environmental Regulation ◽  
Technology Innovation ◽  
Negative Impact ◽  
Positive Impact ◽  
Inhibitory Effect ◽  
Market Demand ◽  
Environmental Technology ◽  
Industrial Enterprises ◽  
Threshold Regression Model ◽  
The Impact

Based on the perspective of environmental regulation, this paper selects panel data of 30 provinces in China from 2011 to 2016, establishes Hansen panel threshold regression model, and investigates the impact of FDI on environmental technology innovation of industrial enterprises in China under the threshold of environmental regulation. The results show that FDI has a significant inhibitory effect on the environmental technological innovation of industrial enterprises; the effect has a significant dual threshold of environmental regulation, with the intensity of environmental regulation across the threshold, the negative impact of FDI gradually weakened; market demand and industry scale have a significant positive impact, the role of technological progress is not significant. The findings of this paper provide a certain reference for the rational use of environmental regulation policies, the maximization of FDI technology spillover, the promotion of environmental technology innovation of industrial enterprises, and the realization of “win-win” of environment and economy.

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 Can Environmental Regulation Flexibility Explain the Porter Hypothesis?—An Empirical Study Based on the Data of China’s Listed Enterprises

2019 ◽  
Vol 11 (8) ◽  
pp. 2214 ◽  
Author(s):  
Guichuan Zhou ◽  
Wendi Liu ◽  
Liming Zhang ◽  
Kaiwen She
Keyword(s):  
Environmental Regulation ◽  
Technological Innovation ◽  
Business Performance ◽  
Negative Impact ◽  
Moderating Effect ◽  
Mediating Effect ◽  
Porter Hypothesis ◽  
Negative Effects ◽  
The Impact ◽  
The Relationship

Previous studies indicate that the Porter hypothesis (PH) generates controversial and inconsistent conclusions on the impact of environmental regulation (ER) on business performance. As a result, based on the data of China’s A-share listed companies from 2016 to 2018, a moderated mediating effect model is established to examine the relationship between ER, technological innovation and business performance, as well as the moderating effect of environmental regulation flexibility (ERF) on the relationship. Results show that technological innovation has a significant mediating effect on the relationship between ER and business performance. Furthermore, ERF has a negative moderating effect on the mediating effect technological innovation exerted. At a certain degree, the flexible ER could weaken technological innovation’s mediating effects on the relationship between ER and business performance, and further could mitigate the negative impact of ER on both technological innovation and business performance. Also, an inflexible ER intensifies its negative effects on technological innovation and business performance, which is to the disadvantage of enterprises becoming the subject of environmental protection consciously and sustainably.

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 Research on the Efficiency of Green Technology Innovation in China’s Provincial High-End Manufacturing Industry Based on the RAGA-PP-SFA Model

2018 ◽  
Vol 2018 ◽  
pp. 1-13 ◽  
Author(s):  
Tuochen Li ◽  
Lei Liang ◽  
Dongri Han
Keyword(s):  
Environmental Regulation ◽  
Manufacturing Industry ◽  
High Efficiency ◽  
Technology Innovation ◽  
Negative Impact ◽  
Positive Impact ◽  
Green Technology ◽  
Manufacturing Industries ◽  
The West ◽  
Traditional Technology

This study offers a RAGA-PP-SFA model to measure green technology’s innovation efficiency in the high-end manufacturing industry. The study’s aim is to solve the shortcomings of traditional SFA methods that are unable to improve multi-output efficiency. The RAGA-PP-SFA model presented here is based on the multi-emission and multi-output characteristics of high-end manufacturing innovation activities. Using panel data from 2010 to 2015 on China's high-end manufacturing industry and considering factors such as environmental regulation, government subsidy, and market maturity, this paper empirically examines and compares the efficiency of green technology innovation versus traditional technology innovation, as well as regional heterogeneity in China's high-end manufacturing industry. The study ultimately found a low level of green technology innovation efficiency in China’s high-end manufacturing industry. However, an overall rising trend shows that the green development of China's high-end manufacturing industry has achieved remarkable results. Green technology innovation efficiency in high-end manufacturing industries across various regions was generally lower than the efficiency of traditional technology innovation. Both types of efficiency showed a pattern of “high in the east and low in the middle and in the west”. High-high efficiency is primarily found in the east, whereas the west is characterized by low-low efficiency. There are significant differences between regions, pointing to an equal rate of development. Government subsidies and enterprise scale had a significant negative impact on green technology innovation efficiency in regional high-end manufacturing industries, while market maturity and industrial agglomeration had a significant positive impact. Based on the study’s findings, environmental regulation and openness to the outside world play insignificant roles in green technology innovation efficiency.

scholarly journals Impacts of Environmental Regulation on the Green Transformation and Upgrading of Manufacturing Enterprises

2020 ◽  
Vol 17 (20) ◽  
pp. 7680 ◽  
Author(s):  
Liang Shen ◽  
Runjie Fan ◽  
Yuyan Wang ◽  
Zhaoqing Yu ◽  
Rongyun Tang
Keyword(s):  
Environmental Regulation ◽  
Manufacturing Industry ◽  
Technology Innovation ◽  
Econometric Model ◽  
Consumer Preference ◽  
Green Technology ◽  
Manufacturing Enterprises ◽  
Chinese Manufacturing Industry ◽  
The Government ◽  
The Relationship

Since environmental problems are becoming increasingly prominent, macro policies and social development have placed higher requirements on manufacturing enterprises to promote green transformation and upgrading (GTU) in China. Considering that different manufacturing enterprises choose different green technology innovation levels for GTU under environmental regulation, a game model between manufacturing enterprises and the government is constructed. The relationship between the green technology innovation level (GTIL) and the environmental regulation intensity is analyzed. Through numerical examples, the influences of environmental regulation and consumer preference on system decisions are further examined. Moreover, an econometric model is constructed to explore the influence that the environmental regulation exerts on the GTIL using panel data from the Chinese manufacturing industry. Our results show that the increase in environmental regulation intensity contributes to improving GTIL and promoting the GTU of manufacturing enterprises. Furthermore, as the environmental regulation is enhanced, the sales price decreases, benefiting consumers. Consumers’ preference for high-GTIL products is conducive to GTU under environmental regulation. Empirical analysis shows that there is a U-shaped relationship between environmental regulation and the GTIL. Only when the intensity reaches a threshold can the environmental regulation be beneficial to improve the GTIL and promote the GTU of Chinese manufacturing enterprises.

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 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.

scholarly journals Spatial Effects of Environmental Regulation and Green Credits on Green Technology Innovation Under Low-Carbon Economy Background Conditions

2019 ◽  
Vol 16 (17) ◽  
pp. 3027 ◽  
Author(s):  
Guo ◽  
Zhou ◽  
Liu ◽  
Wang
Keyword(s):  
Environmental Regulation ◽  
Technology Innovation ◽  
Green Technology ◽  
Spatial Effects ◽  
Low Carbon ◽  
Innovation Development ◽  
Low Carbon Economy ◽  
Surrounding Areas ◽  
The Relationship ◽  
Carbon Economy

Based on the data of green credit (GC), environmental regulation (ER) and green technology innovation (GTI) in 30 provinces and cities of China from 2007 to 2016, this study investigated the relationship between green credit and green technology innovation development and analyzed the adjustment effect of ER on GC to promote GTI using Geoda and Matlab2016 software, so as to further guide and encourage GC. The results show that GTI in 30 provinces and municipalities in China has a significant spatial agglomeration effect. Single GC plays a certain role in promoting local technology innovation, but it fails to influences the surrounding areas. Environmental regulation has a certain regulatory effect on the relationship between green credit and green technology innovation in the province but also fails to influences the surrounding areas.

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