Related references
Note: Only part of the references are listed.
Editorial Material
Environmental Sciences
Huaping Sun et al.
FRONTIERS IN ENVIRONMENTAL SCIENCE
(2023)
Article
Business, Finance
Mengmeng Guo et al.
Summary: This study examines the effect of environmental regulation on firms' green innovation in China's heavy-polluting industry. The findings show that environmental regulation has a significantly positive effect on firms' green innovation, especially for firms with poorer internal and external governance. In addition to promoting firm green innovation, environmental policies also benefit firms' long-term development.
FINANCE RESEARCH LETTERS
(2023)
Article
Navitha Singh Sewpersadh
Journal of Innovation and Entrepreneurship
(2023)
Article
Environmental Sciences
Xiaoling Huang et al.
Summary: The Chinese government has made great efforts and implemented strict regulation policies to reduce air pollutants. Recent studies suggest that these environmental regulations may also contribute to reducing carbon emissions. This paper uses the spatial Durbin model and panel threshold model to investigate the effects of different environmental regulations on carbon emissions reduction based on provincial panel data in China. The findings show that China's net carbon emissions display spatial agglomeration characteristics and that formal and informal environmental regulations have inverted U-shaped impacts on net carbon emissions. The study also reveals that the carbon-reducing effect of environmental regulation becomes more prominent with the improvement of regional technological innovation levels.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2023)
Article
Economics
Xinru Ma et al.
Summary: Green innovation is crucial for firms to achieve green transformation and little is known about the role of ambient environmental factors. Using Chinese listed firms' data from 2007 to 2019, this study finds a positive association between air pollution and corporate green innovation. This relationship is stronger for firms with more analyst reports, corporate site visits, and institutional ownership. The findings suggest that firms actively respond to surrounding air conditions by implementing green innovation.
ECONOMIC MODELLING
(2023)
Article
Business, Finance
Wenbin Long et al.
Summary: This paper investigates the effect of carbon emissions trading scheme (ETS) on firms' accrued earnings management. Using Chinese A-share listed firms data from 2008 to 2020, it is found that emission-regulated firms engage significantly in accrued earnings management after implementing ETS. The impact is more pronounced for firms with lower cost pass-through ability and higher carbon emissions intensity. Mechanism analysis supports that firms are motivated by compliance costs and carbon risks associated with the new environmental regulation to manage earnings. Insights are provided into the potential downside consequences of the carbon emission trading policy.
FINANCE RESEARCH LETTERS
(2023)
Review
Management
Hasan Evrim Arici et al.
Summary: The study reviewed the literature on the relationship between leadership and green innovation/creativity and found a growing interest in causal relationships among leadership and green innovation/creativity. Asian countries dominate the study domain.
SERVICE INDUSTRIES JOURNAL
(2022)
Article
Business, Finance
James R. Brown et al.
Summary: Higher country taxes on noxious manufacturing emissions result in increased R&D spending by firms, predominantly by those high-pollution firms affected the most by emissions taxes. This increase in spending is primarily due to the higher marginal value that pollution taxes bring to R&D spending, even without generating new innovations. The impact of pollution taxes on R&D investment is strongest in sectors where appropriating new inventions is difficult and acquiring external knowledge is easier, indicating that dirty firms invest in R&D to expand their ability to absorb external knowledge and technical expertise.
REVIEW OF FINANCIAL STUDIES
(2022)
Article
Business, Finance
En-Ze Wang et al.
Summary: Using a finite mixture model to estimate the production function, this research examines the interrelationships among environmental regulation, clean energy consumption, and economic growth. The findings show that environmental regulation enhances the positive impact of clean energy consumption on economic growth, while ignoring measurement error and misspecifying the production function can bias estimation results. Moreover, traditional frameworks may underestimate the significance of clean energy consumption's impact on economic growth compared to accounting for heterogeneity and using clean energy production data.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
(2022)
Article
Economics
Quan-Jing Wang et al.
Summary: This study empirically examines the relationships among environmental performance, green finance, and green innovation in developing countries, and finds that there are cointegration relationships among these variables. The results also indicate that the impact of environmental performance and green finance on green innovation varies depending on the type of country.
Article
Business, Finance
Xing Liu et al.
Summary: This study investigates the impact of the new environmental protection law on financial asset investment of high polluting firms using the quasi-natural experiment of its implementation in 2015. The findings show that the law has a negative effect on corporate investment in financial assets by increasing corporate environmental protection investment. Furthermore, the negative effect is more pronounced for small-scale firms, firms in competitive industries, and firms in regions with good legal environment.
FINANCE RESEARCH LETTERS
(2022)
Article
Business, Finance
Ahmed Imran Hunjra et al.
Summary: This study investigates the impact of financial development on sustainable economic development in low-middle-income countries and finds that financial development, natural resource abundance, international tourism, trade openness, and foreign direct investment have positive effects on sustainable economic development. Additionally, financial development moderates the relationship between natural resource abundance and sustainable economic development, and foreign direct investment moderates the relationship between international tourism and sustainable economic development. The results emphasize the importance of considering financial development in addressing sustainable economic development issues.
FINANCE RESEARCH LETTERS
(2022)
Article
Business, Finance
Xiaojian Xiang et al.
Summary: The study found that public listed companies can acquire the funds needed for green innovation through both internal and external financing, with government subsidies encouraging companies to enhance their level of green innovation through debt and equity financing.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
(2022)
Article
Economics
Weiping Li et al.
Summary: This study finds that the implementation of CO2 emission trading system enables firms to hold more cash, especially for those with stronger external monitoring, fewer investment opportunities, non-state-owned enterprises, and firms located in less-marketization places. It enriches the understanding of the economic consequences of environmental regulation and uncovers a new determinant for firm's cash holdings.
Article
Business, Finance
Xiaoran Ni et al.
Summary: This paper investigates the financing effect of environmental regulation on the cost of debt. The study finds that the introduction of the Carbon Emission Trading System significantly increases a firm's cost of debt. This effect is more pronounced for firms with higher external finance dependence, facing greater external pressures, and operating in a competitive product market, and is lessened for firms with higher mortgage capacity.
FINANCE RESEARCH LETTERS
(2022)
Article
Economics
Ming Liu et al.
Summary: The research found that implementing carbon trading pilot projects in China significantly increases the green innovation output of enterprises in the pilot regions. The sensitivity to carbon trading policies varies across industries and property rights, with firms in the pilot regions preferring high-quality green invention patent innovations.
Article
Business
Ganghui Lian et al.
Summary: This paper examines the impact of environmental regulation on green innovation in Chinese listed enterprises. The study finds that environmental regulation has a positive effect on green innovation, but the impact varies between substantive green innovation (SUBGI) and symbolic green innovation (SYMGI). Government subsidies incentivize green innovation, while regulatory capture hinders substantive green innovation. The results provide valuable insights for the rational use of environmental policies to promote high-quality green innovation and competitive advantages in enterprises.
JOURNAL OF INNOVATION & KNOWLEDGE
(2022)
Article
Business, Finance
Qiping Xu et al.
Summary: This paper provides evidence that financial constraints lead to an increase in firms' toxic emissions, especially when regulatory enforcement and external monitoring are weak. The real effects of financial constraints on environmental pollution highlight the costly negative externality imposed on society and public health.
REVIEW OF FINANCIAL STUDIES
(2022)
Article
Environmental Sciences
Hashim Zameer et al.
Summary: The paper explores the role of green process innovation and environmental orientation in achieving carbon neutrality, with a focus on the mediating effect of green competitive advantage. Using structural equation modeling and survey data from equipment manufacturing sector managers, the study shows that green process innovation, environmental orientation, and green competitive advantage significantly influence environmental performance. The mediation analysis reveals that green competitive advantage partially mediates the relationship between green process innovation, environmental orientation, and environmental performance.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2021)
Article
Environmental Sciences
Shihu Zhong et al.
Summary: This study differentiates the effects of environmental regulations on the employment of high- and low-skilled labor in China, using theoretical models and provincial dynamic panel data. It finds that intensifying environmental regulation will promote employment growth for high-skilled labor but suppress that of low-skilled labor, with spatial spillover effects observed in neighboring regions. The results highlight the importance of considering skill levels in policy-making for environmental regulation in China.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2021)
Article
Environmental Sciences
Yusen Luo et al.
Summary: Green innovation is crucial for sustainable development, with different environmental regulations and direct investments having varying impacts on it. Indigenous innovation input has a greater effect on green innovation than foreign technology spillover, showcasing the importance of attracting green inward FDI and investing in foreign technology-intensive industries for stimulating green innovation.
SCIENCE OF THE TOTAL ENVIRONMENT
(2021)
Article
Business, Finance
Rui Dai et al.
Summary: Corporate customers have a unilateral effect on suppliers' CSR and influence them through positive assortative matching and decision-making processes. Enhanced collaborative CSR efforts improve operational efficiency and firm valuation for both customers and suppliers, but only increase customers' future sales growth.
JOURNAL OF FINANCIAL ECONOMICS
(2021)
Article
Economics
Chengchao Lv et al.
Summary: This research reveals the regional gap, trend evolution, and spatial pattern of China's green finance development. It shows that the overall development index of green finance in China is increasing but not at a high level, with a decreasing regional gap and a polarization trend. The study also identifies a club convergence phenomenon in the development of green finance in China.
Article
Business, Finance
Jingchang Huang et al.
Summary: This study examines the impact of environmental regulation on R&D investment using the low-carbon city pilot program conducted by the Chinese government as a quasi-natural experiment. The findings suggest a positive effect of environmental regulation on R&D expenditures, especially for companies receiving more government subsidies or experiencing improved financial conditions after the policy implementation.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
(2021)
Article
Economics
Clarence Tolliver et al.
Summary: Asian countries, including Japan, South Korea, and China, are implementing policies to promote green innovation and finance in order to achieve sustainable development goals amidst the challenges of climate change and environmental pressures. The extent to which they can drive environmentally adjusted productivity growth, green patent registrations, green bond issuances, green foreign direct investment, and environmental disclosures will impact their transition to sustainable growth paradigms.
ASIAN ECONOMIC POLICY REVIEW
(2021)
Article
Economics
Xiaoling Ouyang et al.
Article
Business
Xinchun Wang et al.
INDUSTRIAL MARKETING MANAGEMENT
(2020)
Article
Business
Peter S. Hofman et al.
BUSINESS STRATEGY AND THE ENVIRONMENT
(2020)
Article
Business
Sanjay Kumar Singh et al.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2020)
Article
Business, Finance
Kelly Cai et al.
JOURNAL OF BANKING & FINANCE
(2020)
Article
Business, Finance
Steven Crawford et al.
CONTEMPORARY ACCOUNTING RESEARCH
(2020)
Article
Management
Yongqiang Chu et al.
MANAGEMENT SCIENCE
(2019)
Article
Green & Sustainable Science & Technology
Dayuan Li et al.
JOURNAL OF CLEANER PRODUCTION
(2018)
Article
Business, Finance
Andrew M. Bauer et al.
Article
Business
Wenhao Song et al.
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
(2018)
Article
Business, Finance
Yili Lian
JOURNAL OF CORPORATE FINANCE
(2017)
Review
Management
Matthias Ehrgott et al.
JOURNAL OF BUSINESS LOGISTICS
(2013)
Article
Business, Finance
Lillian F. Mills et al.
Article
Economics
Daron Acemoglu et al.
Article
Business
Tim Schiederig et al.
Article
Business, Finance
Sandy Klasa et al.
JOURNAL OF FINANCIAL ECONOMICS
(2009)
Article
Management
Mahesh Nagarajan et al.
MANAGEMENT SCIENCE
(2008)
Article
Economics
BS Javorcik
AMERICAN ECONOMIC REVIEW
(2004)
