Environmental regulation, environmental responsibility, and green technology innovation: Empirical research from China
| Autor: | Zengzeng Fan, Yuanyang Wang, Chenyu Fu, Xiaoping Zhou, Yanlin Yang |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
China
Conservation of Natural Resources Asia Economics Science Social Sciences Empirical Research Decentralization Geographical Locations Environmental Law Empirical research Inventions Regulations Industrial organization Conservation Science Organizations Multidisciplinary Corporate governance Circular economy Ecology and Environmental Sciences Sustainability science Investment (macroeconomics) Pollution Environmental Regulations Environmental Management People and Places Sustainability Medicine Law and Legal Sciences Environmental Economics Business Environmental Pollution Finance Environmental Protection Research Article |
| Zdroj: | PLoS ONE, Vol 16, Iss 9, p e0257670 (2021) PLoS ONE |
| ISSN: | 1932-6203 |
| DOI: | 10.1371/journal.pone.0257670 |
| Popis: | Innovation and green are the directions to promote the circular economy and environmental sustainability at the corporate level. This paper examines the impact of environmental regulation (pollution charge) on green technology innovation and the mediating role of corporate environmental responsibility. Our results indicate that: (1) Environmental regulations stimulate manufacturing enterprises’ environmental responsibility and green technology innovation. It is worth noting that corporate environmental responsibility strengthens the relationship between environmental regulation and green technology innovation. (2) Further investigation reveals that R&D expenditure and environmental investment have greatly strengthened the positive effect of environmental regulation on green technology innovation. (3) With more detailed disclosure about enterprises’ environment-related information, the more outstanding stimulation effects of environmental regulation. Discussions on the features of enterprise location have revealed that, if the goal of environmental protection is set too high or if the fiscal decentralization is too strong, implementation of environmental regulation would not achieve desirable results. Accordingly, we need to optimize the collection of environmental taxes, strengthen the enterprises’ environmental responsibility, and increase investment in R&D and environment protection. Meanwhile, the execution of environmental regulation should also take into account the institutional environment and governance features of the enterprise locations. |
| Databáze: | OpenAIRE |
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