Legal environmental regulation and green technology innovation of energy enterprises: based on panel threshold regression
Legal environmental regulation is not only an important tool for green technology innovation and energy efficiency improvement, but also a key measure for enterprise upgrading and high-quality economic development. Based on the panel data of China’s listed energy companies from 2010 to 2020, this pa...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2023-05-01
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| Series: | Frontiers in Energy Research |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenrg.2023.1198706/full |
| _version_ | 1797820503255154688 |
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| author | Didong Xu Yadi Chen Jia Wang Xiaoyue Huang |
| author_facet | Didong Xu Yadi Chen Jia Wang Xiaoyue Huang |
| author_sort | Didong Xu |
| collection | DOAJ |
| description | Legal environmental regulation is not only an important tool for green technology innovation and energy efficiency improvement, but also a key measure for enterprise upgrading and high-quality economic development. Based on the panel data of China’s listed energy companies from 2010 to 2020, this paper finds that legal environmental regulation has a significant positive impact on enterprise green technological innovation by using SYS-GMM. And the threshold regression model is used to examine the nonlinear impact of legal environmental regulation on green technology innovation in this paper. The results show that the positive impact of legal environmental regulation on green output of energy enterprises is more prominent than that of non-R&D investment. In addition, the impact of legal environmental regulation on green technology innovation of energy enterprises has a threshold effect. That is, the loose legal environmental regulation (LER ≤ 399.656) has a negative impact on the green output of energy enterprises, while the impact of strict legal environmental regulation (LER > 399.656) is the opposite. Meanwhile, the loose legal environmental regulation (LER ≤ 491.291) and strict legal environmental regulation (LER > 491.291) have a negative impact on the non-R&D investment of energy enterprises. Finally, there are huge differences in green technology innovation capabilities of energy enterprises. |
| first_indexed | 2024-03-13T09:39:21Z |
| format | Article |
| id | doaj.art-3800cf73af8447c696418ddee5667703 |
| institution | Directory Open Access Journal |
| issn | 2296-598X |
| language | English |
| last_indexed | 2024-03-13T09:39:21Z |
| publishDate | 2023-05-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Energy Research |
| spelling | doaj.art-3800cf73af8447c696418ddee56677032023-05-25T04:41:19ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2023-05-011110.3389/fenrg.2023.11987061198706Legal environmental regulation and green technology innovation of energy enterprises: based on panel threshold regressionDidong Xu0Yadi Chen1Jia Wang2Xiaoyue Huang3School of Marxism, Zhejiang University of Water Resource and Electric Power, Hangzhou, ChinaCollege of Economics and Management, Nanning Normal University, Nanning, ChinaSchool of Business, Macau University of Science and Technology, Taipa, ChinaCollege of Economics and Management, Nanning Normal University, Nanning, ChinaLegal environmental regulation is not only an important tool for green technology innovation and energy efficiency improvement, but also a key measure for enterprise upgrading and high-quality economic development. Based on the panel data of China’s listed energy companies from 2010 to 2020, this paper finds that legal environmental regulation has a significant positive impact on enterprise green technological innovation by using SYS-GMM. And the threshold regression model is used to examine the nonlinear impact of legal environmental regulation on green technology innovation in this paper. The results show that the positive impact of legal environmental regulation on green output of energy enterprises is more prominent than that of non-R&D investment. In addition, the impact of legal environmental regulation on green technology innovation of energy enterprises has a threshold effect. That is, the loose legal environmental regulation (LER ≤ 399.656) has a negative impact on the green output of energy enterprises, while the impact of strict legal environmental regulation (LER > 399.656) is the opposite. Meanwhile, the loose legal environmental regulation (LER ≤ 491.291) and strict legal environmental regulation (LER > 491.291) have a negative impact on the non-R&D investment of energy enterprises. Finally, there are huge differences in green technology innovation capabilities of energy enterprises.https://www.frontiersin.org/articles/10.3389/fenrg.2023.1198706/fulllegal environmental regulationgreen technology innovationenergy enterprisesgreen outputnon-R&D investmentpanel threshold regression |
| spellingShingle | Didong Xu Yadi Chen Jia Wang Xiaoyue Huang Legal environmental regulation and green technology innovation of energy enterprises: based on panel threshold regression Frontiers in Energy Research legal environmental regulation green technology innovation energy enterprises green output non-R&D investment panel threshold regression |
| title | Legal environmental regulation and green technology innovation of energy enterprises: based on panel threshold regression |
| title_full | Legal environmental regulation and green technology innovation of energy enterprises: based on panel threshold regression |
| title_fullStr | Legal environmental regulation and green technology innovation of energy enterprises: based on panel threshold regression |
| title_full_unstemmed | Legal environmental regulation and green technology innovation of energy enterprises: based on panel threshold regression |
| title_short | Legal environmental regulation and green technology innovation of energy enterprises: based on panel threshold regression |
| title_sort | legal environmental regulation and green technology innovation of energy enterprises based on panel threshold regression |
| topic | legal environmental regulation green technology innovation energy enterprises green output non-R&D investment panel threshold regression |
| url | https://www.frontiersin.org/articles/10.3389/fenrg.2023.1198706/full |
| work_keys_str_mv | AT didongxu legalenvironmentalregulationandgreentechnologyinnovationofenergyenterprisesbasedonpanelthresholdregression AT yadichen legalenvironmentalregulationandgreentechnologyinnovationofenergyenterprisesbasedonpanelthresholdregression AT jiawang legalenvironmentalregulationandgreentechnologyinnovationofenergyenterprisesbasedonpanelthresholdregression AT xiaoyuehuang legalenvironmentalregulationandgreentechnologyinnovationofenergyenterprisesbasedonpanelthresholdregression |