The asymmetric influences of environmental subsidy and non-environmental subsidy on corporate environmental responsibility : evidence from China
© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature..
This study investigates the asymmetric effects of government environmental subsidies (GES) and non-environmental subsidies (GNES) on corporate environmental responsibility (CER). Using a sample of Chinese listed companies over the period 2010 to 2020, we find that GES exhibits an inverted U-shaped impact on CER, while GNES shows a positive influence on CER, and these associations still exist after using the alternative measure of CER and addressing potential endogenous issues. In addition, we document that the effect of GES is not significant in companies operating in non-heavily polluting industries, and the effect of GNES is not significant in state-owned enterprises, firms with lower financing constraints and registered in regions with a lower degree of marketization. This study not only enriches the research on the influencing factors of CER but also provides theoretical guidance for the government to improve the efficiency of the use of different government subsidies and promote the greening process.
| Medienart: |
E-Artikel |
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| Erscheinungsjahr: |
2022 |
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| Erschienen: |
2022 |
| Enthalten in: |
Zur Gesamtaufnahme - volume:29 |
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| Enthalten in: |
Environmental science and pollution research international - 29(2022), 51 vom: 08. Nov., Seite 77057-77070 |
| Sprache: |
Englisch |
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| Beteiligte Personen: |
Wu, Jiamei [VerfasserIn] |
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| Links: |
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| Themen: |
China |
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| Anmerkungen: |
Date Completed 21.10.2022 Date Revised 21.10.2022 published: Print-Electronic Citation Status MEDLINE |
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| doi: |
10.1007/s11356-022-21170-5 |
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| funding: |
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| Förderinstitution / Projekttitel: |
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| 500 | |a Citation Status MEDLINE | ||
| 520 | |a © 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature. | ||
| 520 | |a This study investigates the asymmetric effects of government environmental subsidies (GES) and non-environmental subsidies (GNES) on corporate environmental responsibility (CER). Using a sample of Chinese listed companies over the period 2010 to 2020, we find that GES exhibits an inverted U-shaped impact on CER, while GNES shows a positive influence on CER, and these associations still exist after using the alternative measure of CER and addressing potential endogenous issues. In addition, we document that the effect of GES is not significant in companies operating in non-heavily polluting industries, and the effect of GNES is not significant in state-owned enterprises, firms with lower financing constraints and registered in regions with a lower degree of marketization. This study not only enriches the research on the influencing factors of CER but also provides theoretical guidance for the government to improve the efficiency of the use of different government subsidies and promote the greening process | ||
| 650 | 4 | |a Journal Article | |
| 650 | 4 | |a China | |
| 650 | 4 | |a Corporate environmental responsibility | |
| 650 | 4 | |a Government environmental subsidy | |
| 650 | 4 | |a Government non-environmental subsidy | |
| 700 | 1 | |a Chen, Zhibin |e verfasserin |4 aut | |
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