Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2160777
How do environmental subsidies affect the environmental performance of heavily polluting enterprises: evidence from China
Feimei Liao
Yaoyao Hu
Shulin Xu
Sažetak
We investigate the influence of environmental subsidies on enterprise
environmental performance based on 257 heavily polluting
A-share listed companies in Shanghai and Shenzhen stock exchange
from 2010 to 2017. We also discuss the mechanism of how these
environmental subsidies influence enterprise environmental performance
further. The study employs OLS and PSM methods to
evaluate the association between environmental subsidies and
enterprise environmental performance. The study finds that environmental
subsidies have a positive incentive effect on the environmental
performance of heavily polluting enterprises. Its positive
incentive effect mainly contributes through three channels: promoting
green technology innovation, increasing government environmental
supervision and enhancing executives’ environmental
awareness. Further research shows that environmental subsidies significantly
promote environmental performance in non-state-owned
enterprises, with a high degree of financing constraints and high
levels of risk-taking. This study contributes to prior works by revealing
the black box of the government’s macro policies affecting
enterprise micro behaviour and exploring how environmental subsidies
influence firm-specific behaviours
Ključne riječi
Environmental protection subsidy; environmental performance; mediation mechanism
Hrčak ID:
314016
URI
Datum izdavanja:
3.6.2023.
Posjeta: 122 *