Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2106504
Investments in environmental preservation: is the government crowding in green enterprises? Evidence from a-listed companies in China
Yali He
Suchang Yang
Fayyaz Ahmad
Ilhan Ozturk
Muhammad Umar Draz
Abbas Ali Chandio
Sažetak
Government investment in environmental protection (Govin) plays
a key role in stimulating private green investment (Prinv) to preserve
the ecological environment with economic profits. To examine
the effect of Govin on Prinv, this study uses data from 2010
to 2020 on green A-listed companies in China and estimates a
dynamic panel model by using both the difference generalized
method of moments and system generalized method of
moments. The results indicate that Govin has a crowding-in effect
on Prinv, and this conclusion is confirmed by several robustness
tests. Furthermore, we identify revenues as a potential mechanism
variable to explain how Govin affects Prinv. In addition, this study
finds regional and enterprise ownership differences in the crowding
in effect of Chinese Govin. Finally, based on these outcomes,
the study suggests that the government should rationally and
dynamically adjust the contents of public environmental investment
and optimise its structure to effectively promote the development
of green, low-carbon, and circular economies
Ključne riječi
Green investment; government investment; environmental preservation; crowding-in effect
Hrčak ID:
306634
URI
Datum izdavanja:
30.4.2023.
Posjeta: 275 *