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The synergistic impact of incentive and regulatory environmental policies on firms' environmental performance.
Li, Panni; Zou, Hongyang; Coffman, D'Maris; Mi, Zhifu; Du, Huibin.
Afiliación
  • Li P; College of Management and Economics, Tianjin University, Tianjin, China; National Industry-Education Platform of Energy Storage, Tianjin University, Tianjin, China.
  • Zou H; College of Management and Economics, Tianjin University, Tianjin, China; National Industry-Education Platform of Energy Storage, Tianjin University, Tianjin, China. Electronic address: zouhongyang@tju.edu.cn.
  • Coffman D; The Bartlett School of Sustainable Construction, University College London, London, WC1E 7HB, UK.
  • Mi Z; The Bartlett School of Sustainable Construction, University College London, London, WC1E 7HB, UK.
  • Du H; College of Management and Economics, Tianjin University, Tianjin, China; National Industry-Education Platform of Energy Storage, Tianjin University, Tianjin, China.
J Environ Manage ; 365: 121646, 2024 Aug.
Article en En | MEDLINE | ID: mdl-38968879
ABSTRACT
The imperative to enhance corporate environmental performance is not only pivotal for a company's growth but also crucial for fulfilling societal responsibilities and protecting global environmental interests. Recognizing the inadequacies of standalone environmental policies, our study delves into the synergistic effects of incentive-based and regulatory approaches on the environmental performance of listed firms in China. We meticulously examine the interplay between environmental punishment and subsidies over the period of 2015-2019. Our analysis reveals that a strategic combination of punishment and subsidies can substantially improve firms' environmental performance. This effect intensifies with the increasing amounts of fines and subsidies. Additionally, we explore the dynamic effects of policy implementation. Our results indicate that subsidies implemented either a year before or after the imposition of punishment might diminish the effectiveness of standalone environmental penalty policies. Furthermore, our findings suggest that diverse regulatory policies enhance firm environmental performance by promoting investments in environmental protection and fostering green innovation. This discovery highlights the need for a nuanced understanding of policy mixes and their implications for corporate environmental strategies.
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Texto completo: 1 Colección: 01-internacional Base de datos: MEDLINE Asunto principal: Política Ambiental País/Región como asunto: Asia Idioma: En Revista: J Environ Manage Año: 2024 Tipo del documento: Article País de afiliación: China Pais de publicación: Reino Unido
Texto completo
Añadir a Mi BVS
Imprimir
XML
PubMed Links
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Texto completo: 1 Colección: 01-internacional Base de datos: MEDLINE Asunto principal: Política Ambiental País/Región como asunto: Asia Idioma: En Revista: J Environ Manage Año: 2024 Tipo del documento: Article País de afiliación: China Pais de publicación: Reino Unido