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...
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| creator | Du, Chunyan Zhang, Qiang Huang, Dekai |
| 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. |
| doi_str_mv | 10.1371/journal.pone.0278629 |
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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.</description><identifier>ISSN: 1932-6203</identifier><identifier>EISSN: 1932-6203</identifier><identifier>DOI: 10.1371/journal.pone.0278629</identifier><identifier>PMID: 36735660</identifier><language>eng</language><publisher>United States: Public Library of Science</publisher><subject>Biology and Life Sciences ; Chemical oxygen demand ; China ; Clean technology ; Companies ; Conservation of Natural Resources ; Departments ; Development policy ; Ecology and Environmental Sciences ; Empirical analysis ; Energy conservation ; Energy consumption ; Energy industry ; Environment models ; Environmental auditing ; Environmental effects ; Environmental governance ; Environmental impact ; Environmental management ; Environmental performance ; Environmental Policy ; Environmental pollution ; Environmental Pollution - prevention & control ; Environmental protection ; Environmental regulations ; Evaluation ; Governance ; Government agencies ; Government subsidies ; Green building (Construction) ; Green development ; Green technology ; Innovations ; Institutional investments ; Inventions ; Manufacturing ; Metallurgy ; Methods ; Panel data ; Physical Sciences ; Pollution ; Regulation ; Social responsibility ; Social Sciences ; Subsidies ; Sustainability ; Sustainable development ; Technology ; VOCs ; Volatile organic compounds</subject><ispartof>PloS one, 2023-02, Vol.18 (2), p.e0278629-e0278629</ispartof><rights>Copyright: © 2023 Du et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.</rights><rights>COPYRIGHT 2023 Public Library of Science</rights><rights>2023 Du et al. This is an open access article distributed under the terms of the Creative Commons Attribution License: http://creativecommons.org/licenses/by/4.0/ (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.</rights><rights>2023 Du et al 2023 Du et al</rights><rights>2023 Du et al. This is an open access article distributed under the terms of the Creative Commons Attribution License: http://creativecommons.org/licenses/by/4.0/ (the “License”), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. 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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. 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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.</description><subject>Biology and Life Sciences</subject><subject>Chemical oxygen demand</subject><subject>China</subject><subject>Clean technology</subject><subject>Companies</subject><subject>Conservation of Natural Resources</subject><subject>Departments</subject><subject>Development policy</subject><subject>Ecology and Environmental Sciences</subject><subject>Empirical analysis</subject><subject>Energy conservation</subject><subject>Energy consumption</subject><subject>Energy industry</subject><subject>Environment models</subject><subject>Environmental auditing</subject><subject>Environmental effects</subject><subject>Environmental governance</subject><subject>Environmental impact</subject><subject>Environmental management</subject><subject>Environmental performance</subject><subject>Environmental 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Academic</collection><collection>PubMed Central (Full Participant titles)</collection><collection>DOAJ Directory of Open Access Journals</collection><jtitle>PloS one</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Du, Chunyan</au><au>Zhang, Qiang</au><au>Huang, Dekai</au><au>Shao, Shuai</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Environmental protection subsidies, green technology innovation and environmental performance: Evidence from China's heavy-polluting listed firms</atitle><jtitle>PloS one</jtitle><addtitle>PLoS One</addtitle><date>2023-02-03</date><risdate>2023</risdate><volume>18</volume><issue>2</issue><spage>e0278629</spage><epage>e0278629</epage><pages>e0278629-e0278629</pages><issn>1932-6203</issn><eissn>1932-6203</eissn><abstract>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.</abstract><cop>United States</cop><pub>Public Library of Science</pub><pmid>36735660</pmid><doi>10.1371/journal.pone.0278629</doi><tpages>e0278629</tpages><orcidid>https://orcid.org/0000-0003-4326-4930</orcidid><oa>free_for_read</oa></addata></record> |
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| subjects | Biology and Life Sciences Chemical oxygen demand China Clean technology Companies Conservation of Natural Resources Departments Development policy Ecology and Environmental Sciences Empirical analysis Energy conservation Energy consumption Energy industry Environment models Environmental auditing Environmental effects Environmental governance Environmental impact Environmental management Environmental performance Environmental Policy Environmental pollution Environmental Pollution - prevention & control Environmental protection Environmental regulations Evaluation Governance Government agencies Government subsidies Green building (Construction) Green development Green technology Innovations Institutional investments Inventions Manufacturing Metallurgy Methods Panel data Physical Sciences Pollution Regulation Social responsibility Social Sciences Subsidies Sustainability Sustainable development Technology VOCs Volatile organic compounds |
| title | Environmental protection subsidies, green technology innovation and environmental performance: Evidence from China's heavy-polluting listed firms |
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