Research on the Impact Mechanism of Environmental Regulation on Environmental Performance
Author(s)
Download Full PDF Pages: 01-17 | Views: 414 | Downloads: 95 | DOI: 10.5281/zenodo.6911085
Abstract
With the rapid economic growth, various environmental problems have become increasingly prominent in the process of industrialization. The public's demand for high-quality environmental quality has been continuously improved, and environmental issues have gradually become the focus of widespread attention by the country and the people, and have become the top priority in the sustainable development of the economy and society. Based on China’s A-share listed companies, the paper selects data from 2012 to 2019 as samples, and discusses the relationship between command-controlled environmental regulations market-incentive environmental regulations public participation environmental regulations and environmental performance based on legality theory, stakeholder theory, environmental public trust theory, and upper echelons theory. The results show that the implementation of three environmental regulatory tools, command-and-control environmental regulations, market-incentive environmental regulations, and public participation environmental regulations, are all conducive to improving the environmental performance of enterprises.
Keywords
Environmental regulation; Environmental performance; Local identity
References
i. Aragon-Correa J A , Hurtado-Torres N , Sharma S , Garcia-Morales V J. Environmental strategy and performance in small firms: A resource-based perspective[J]. Journal of Environmental Management, 2008, 86(1):88-103.
ii. Porter M E, Van L C. Toward a new conception of the environment-competitiveness relationship[J]. Journal of Economic Perspectives, 1995, 9(4):97-118.
iii. Pickman H A. The effect of environmental regulation on environmental innovation[J]. Business Strategy and the Environment, 1998, 7(4):223-233.
iv. Brunnermeier S B, Cohen M A. Determinants of environmental innovation in US manufacturing industries[J]. Journal of Environmental Economics and Management, 2003, 45(2):278-293.
v. Popp D. Lessons from patents: Using patents to measure technological change in environmental models[J]. Ecological economics, 2005, 54(2-3):209-226.
vi. Portney P R, Gardiner D. Does environmental policy conflict with economic growth[J]. Resources, 1994, 115.
vii. Vaske J J, Kobrin K C. Place Attachment and Environmentally Responsible Behavior[J]. The Journal of Environmental Education, 2001, 32(4):16-21.
viii. Lanoie P, Laurent-Lucchetti J, Johnstone N, Ambec S. Environmental policy, innovation and performance: new insights on the Porter hypothesis[J]. Journal of Economics & Management Strategy, 2011, 20(3): 803-842.
ix. Weitzman M L. Prices vs. quantities[J]. The Review of Economic Studies, 1974, 41(4): 477-491.
x. Requate T, Unold W. Environmental policy incentives to adopt advanced abatement technology: Will the true ranking please stand up?[J]. European Economic Review, 2003, 47(1):125-146.
xi. Coria J, Hennlock M. Taxes, permits and costly policy response to technological change[J].Environmental Economics & Policy Studies, 2012, 14(1):35-60.
xii. Meng X H. The impact of product market competition on corporate environmental responsibility[J]. Asia Pacific Journal of Management, 2016, 33(1): 267-291.
xiii. Dai J, Cantor D E, Montabon F L. How environmental management competitive pressure affects a focal firm's environmental innovation activities: A green supply chain perspective[J]. Journal of Business Logistics, 2015, 36(3):242-259.
xiv. Luan B, Zou H, Chen S, Huang J B. The effect of industrial structure adjustment on China’s energy intensity: Evidence from linear and nonlinear analysis[J]. Energy, 2021, 218: 119517.
xv. Zhu B, Zhang M, Zhou Y, Wang P, Sheng J, He K J. Exploring the effect of industrial structure adjustment on interprovincial green development efficiency in China: A novel integrated approach[J]. Energy Policy, 2019, 134: 110946.
xvi. Kuai P, Yang S, Tao A. Environmental effects of Chinese-style fiscal decentralization and the sustainability implications[J]. Journal of Cleaner Production, 2019, 239: 118089.
xvii. Su C W, Umar M, Khan Z. Does fiscal decentralization and eco-innovation promote renewable energy consumption? Analyzing the role of political risk[J]. Science of The Total Environment, 2021, 751:142220.
xviii. Ahmad F, Xu H, Draz M U. The case of China’s fiscal decentralization and eco-efficiency: is it worthwhile or just a bootless errand?[J]. Sustainable Production and Consumption, 2021, 26:89-100.
xix. Solikhah B. Are the financial performance and media coverage associated with the quality of environmental disclosures?[J]. KnE Social Sciences, 2020:1255-1265.
xx. Kahn M E, Kotchen M J. Business cycle effects on concern about climate change: the chilling effect of recession[J]. Climate Change Economics, 2011, 2(3): 257-273.
xxi. Slater D J, Dixon-Fowler H R. The future of the planet in the hands of MBAs: An examination of CEO MBA education and corporate environmental performance[J]. Academy of Management learning & education, 2010, 9(3): 429-441.
xxii. Forte A. Antecedents of managers moral reasoning[J]. Journal of Business Ethics, 2004, 51(4): 315-347.
xxiii. Berrone P, Gomez-Mejia L R. Environmental performance and executive compensation: An integrated agency-institutional perspective[J]. Academy of Management Journal, 2009, 52(1): 103-126.
xxiv. Walls J L, Berrone P, Phan P H. Corporate governance and environmental performance: Is there really a link?[J]. Strategic management journal, 2012, 33(8):885-913.
xxv. Cong Y, Freedman M. Corporate governance and environmental performance and disclosures[J]. Advances in Accounting, 2011, 27(2):223-232.
xxvi. De Villiers C, Naiker V, Van Staden C J. The effect of board characteristics on firm environmental performance[J]. Journal of Management, 2011, 37(6):1636-1663.
xxvii. Post C, Rahman N, Rubow E. Green governance: Boards of directors’ composition and environmental corporate social responsibility[J]. Business & society, 2011, 50(1):189-223.
xxviii. Earnhart D, Lizal L. Effects of ownership and financial performance on corporate environmental performance[J]. Journal of Comparative Economics, 2006, 34(1):111-129.
xxix. Sinn H W. Public policies against global warming: a supply side approach[J]. International Tax and Public Finance, 2008, 15(4):360-394.
xxx. Blackman A, Kildegaard A. Clean technological change in developing-country industrial clusters: Mexican leather tanning[J]. Environmental Economics and Policy Studies, 2010, 12(3):115-132.
xxxi. Wang H, Jin Y. Industrial ownership and environmental performance: evidence from China[J]. Environmental and Resource Economics, 2007, 36(3): 255-273.
xxxii. Da Motta R S. Analyzing the environmental performance of the Brazilian industrial sector[J]. Ecological Economics, 2006, 57(2): 269-281.
xxxiii. Kesidou E, Demirel P. On the drivers of eco-innovations: Empirical evidence from the UK[J]. Research Policy, 2012, 41(5):862-870.
xxxiv. Wagner M. Empirical influence of environmental management on innovation: Evidence from Europe[J]. Ecological Economics, 2008, 66(2-3):392-402.
xxxv. Khanna M, Deltas G, Harrington D R. Adoption of pollution prevention techniques: the role of management systems and regulatory pressures[J]. Environmental and Resource Economics, 2009, 44(1):85-106.
xxxvi. Patten D M. The accuracy of financial report projections of future environmental capital expenditures[J]. Accounting, Organizations and Society, 2005, 30(5): 457-468.
Cite this Article: