Environmental protection subsidies, green technology innovation and environmental performance: Evidence from China’s heavy-polluting listed firms
The heavy-polluting industry is inexorably to responsible for the deterioration of the environment. Improving environmental performance is an unavoidable decision for heavy-polluting firms to ensure sustainable development under the policy framework of the carbon peak target. This study provides the...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2023-01-01
|
| Series: | PLoS ONE |
| Online Access: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9897542/?tool=EBI |
| _version_ | 1811170917185748992 |
|---|---|
| author | Chunyan Du Qiang Zhang Dekai Huang |
| author_facet | Chunyan Du Qiang Zhang Dekai Huang |
| author_sort | Chunyan Du |
| collection | DOAJ |
| description | The heavy-polluting industry is inexorably to responsible for the deterioration of the environment. Improving environmental performance is an unavoidable decision for heavy-polluting firms to ensure sustainable development under the policy framework of the carbon peak target. This study provides theoretical and empirical evidence for the effect of environmental protection subsidies on environmental performance. This study constructs basic and mediating effect models to measure how environmental protection subsidies affect environmental performance using panel data of China’s heavy-polluting listed firms from 2008 to 2019. This is an important outcome of industrial green transformation in environmental governance and provides a scientific basis for government departments to formulate environmental policies. The results of the empirical analysis show that environmental protection subsidies can improve the environmental performance of heavy-polluting listed firms. After receiving environmental protection subsidies, firms engaged in clean and green production through green technology innovation, thereby reducing external environmental pollution and improving their environmental performance. The mediating role of green technology innovation in the relationship between environmental protection subsidies and environmental performance is significant only in state-owned firms and firms in Eastern China. The research results may further guide the direction of green development of heavy-polluting industries, and thus promote harmonious development between the environment and the economy. |
| first_indexed | 2024-04-10T17:04:41Z |
| format | Article |
| id | doaj.art-0016a5ec7a134209b18016be2548d020 |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-04-10T17:04:41Z |
| publishDate | 2023-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-0016a5ec7a134209b18016be2548d0202023-02-06T05:31:04ZengPublic Library of Science (PLoS)PLoS ONE1932-62032023-01-01182Environmental protection subsidies, green technology innovation and environmental performance: Evidence from China’s heavy-polluting listed firmsChunyan DuQiang ZhangDekai HuangThe heavy-polluting industry is inexorably to responsible for the deterioration of the environment. Improving environmental performance is an unavoidable decision for heavy-polluting firms to ensure sustainable development under the policy framework of the carbon peak target. This study provides theoretical and empirical evidence for the effect of environmental protection subsidies on environmental performance. This study constructs basic and mediating effect models to measure how environmental protection subsidies affect environmental performance using panel data of China’s heavy-polluting listed firms from 2008 to 2019. This is an important outcome of industrial green transformation in environmental governance and provides a scientific basis for government departments to formulate environmental policies. The results of the empirical analysis show that environmental protection subsidies can improve the environmental performance of heavy-polluting listed firms. After receiving environmental protection subsidies, firms engaged in clean and green production through green technology innovation, thereby reducing external environmental pollution and improving their environmental performance. The mediating role of green technology innovation in the relationship between environmental protection subsidies and environmental performance is significant only in state-owned firms and firms in Eastern China. The research results may further guide the direction of green development of heavy-polluting industries, and thus promote harmonious development between the environment and the economy.https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9897542/?tool=EBI |
| spellingShingle | Chunyan Du Qiang Zhang Dekai Huang Environmental protection subsidies, green technology innovation and environmental performance: Evidence from China’s heavy-polluting listed firms PLoS ONE |
| title | Environmental protection subsidies, green technology innovation and environmental performance: Evidence from China’s heavy-polluting listed firms |
| title_full | Environmental protection subsidies, green technology innovation and environmental performance: Evidence from China’s heavy-polluting listed firms |
| title_fullStr | Environmental protection subsidies, green technology innovation and environmental performance: Evidence from China’s heavy-polluting listed firms |
| title_full_unstemmed | Environmental protection subsidies, green technology innovation and environmental performance: Evidence from China’s heavy-polluting listed firms |
| title_short | Environmental protection subsidies, green technology innovation and environmental performance: Evidence from China’s heavy-polluting listed firms |
| title_sort | environmental protection subsidies green technology innovation and environmental performance evidence from china s heavy polluting listed firms |
| url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9897542/?tool=EBI |
| work_keys_str_mv | AT chunyandu environmentalprotectionsubsidiesgreentechnologyinnovationandenvironmentalperformanceevidencefromchinasheavypollutinglistedfirms AT qiangzhang environmentalprotectionsubsidiesgreentechnologyinnovationandenvironmentalperformanceevidencefromchinasheavypollutinglistedfirms AT dekaihuang environmentalprotectionsubsidiesgreentechnologyinnovationandenvironmentalperformanceevidencefromchinasheavypollutinglistedfirms |