A study on the differential effects of heterogeneous environmental regulations on the green transformation of Chinese manufacturing enterprises under "Double Carbon" target

被引：8

作者：

Tang, Yongjun ^{[1
]}

Qi, Yuqiu ^{[1
]}

Zhou, Fen ^{[2
]}

Hua, Lei ^{[3
]}

机构：

[1] Hohai Univ, Sch Business, Focheng West Rd 8, Nanjing 211100, Peoples R China

[2] Nanjing Univ Finance & Econ, Sch Accounting, Wenyuan Rd 3, Nanjing 210023, Peoples R China

[3] Tianjin Univ Technol, Sch Management, Binshui West Rd 391, Tianjin 300382, Peoples R China

来源：

HELIYON | 2023年 / 9卷 / 09期

关键词：

Double carbon" target; Heterogeneous environmental regulations; Managers' green perception green transformation; Manufacturing enterprises; ECO-INNOVATION; PERFORMANCE; PRODUCTIVITY;

D O I：

10.1016/j.heliyon.2023.e19841

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

Using panel data of Chinese manufacturing enterprises listed in Shanghai and Shenzhen A-shares from 2015 to 2021, we examine the effects of heterogeneous environmental regulations on the green transformation of Chinese manufacturing enterprises under "Double Carbon" target, and reveal the mediating role played by managers' green perception in the process from an intra-firm perspective. We find that three environmental regulation tools, namely environmental administrative supervision, environmental economic regulation and environmental soft constraint, all contribute significantly to the green transformation of manufacturing enterprises. Among them, environmental economic regulation is the most effective in promoting the green transformation of manufacturing enterprises, followed by environmental soft constraint and environmental administrative supervision. The mechanism analysis shows that managers' green perception is partially mediated between heterogeneous environmental regulations and the green transformation of manufacturing enterprises. Moreover, environmental administrative supervision is the most effective in raising managers' green perception among them, followed by environmental economic regulation and environmental soft constraint. Further analysis shows that the positive effect of heterogeneous environmental regulations on the green transformation of Chinese manufacturing enterprises is more significant when the enterprises locate in regions with high policy uncertainty, in the eastern part of the country, or when the enterprises are state-owned enterprises. The conclusions provide a theoretical basis for Chinese environmental policymakers to flexibly adopt differentiated environmental regulation tools.

引用

页数：21