IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i20p8783-d1496390.html
   My bibliography  Save this article

The Levels of Government Environmental Attention and Enterprises’ Green Technological Innovation

Author

Listed:
  • Han Wang

    (School of Business, Guangxi University, Nanning 530004, China)

  • Zhuorui Han

    (School of Business, Guangxi University, Nanning 530004, China)

  • Yang He

    (School of Business, Guangxi University, Nanning 530004, China)

Abstract

This study utilizes data from listed companies on the Shanghai and Shenzhen stock exchanges from 2010 to 2023 and employs text analysis methods to investigate the impact of government environmental concerns on corporate green technology innovation and its underlying impact mechanisms. The empirical findings demonstrate that heightened government environmental concerns significantly foster corporate green technology innovation. This relationship remains robust across a series of sensitivity analyses. The impact mechanism analysis reveals that increased government environmental concern leads to a heightened intensity of environmental regulation, drives the intelligent transformation of enterprises, and enhances the implementation of corporate environmental strategies, collectively contributing to the improvement of corporate green technology innovation capabilities. Furthermore, the heterogeneity analysis indicates that the effect of government environmental concerns is more pronounced in state-owned enterprises, mature enterprises, and industries with lower pollution levels. This study underscores that the government’s intensified focus on environmental issues can effectively promote corporate green technology innovation, thereby promoting sustainable economic and social development and supporting the dual goals of environmental protection and economic growth.

Suggested Citation

  • Han Wang & Zhuorui Han & Yang He, 2024. "The Levels of Government Environmental Attention and Enterprises’ Green Technological Innovation," Sustainability, MDPI, vol. 16(20), pages 1-26, October.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:20:p:8783-:d:1496390
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/20/8783/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/20/8783/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Xue, Ruoyu & Wang, Shanshan & Long, Wenqi & Gao, Gengyu & Liu, Donghui & Zhang, Ruiqin, 2021. "Uncovering GHG emission characteristics of industrial parks in Central China via emission inventory and cluster analysis," Energy Policy, Elsevier, vol. 151(C).
    2. Eva Arceo & Rema Hanna & Paulina Oliva, 2016. "Does the Effect of Pollution on Infant Mortality Differ Between Developing and Developed Countries? Evidence from Mexico City," Economic Journal, Royal Economic Society, vol. 126(591), pages 257-280, March.
    3. Gautam Ahuja & Curba Morris Lampert, 2001. "Entrepreneurship in the large corporation: a longitudinal study of how established firms create breakthrough inventions," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 521-543, June.
    4. Przemyslaw Kowalski & Max Büge & Monika Sztajerowska & Matias Egeland, 2013. "State-Owned Enterprises: Trade Effects and Policy Implications," OECD Trade Policy Papers 147, OECD Publishing.
    5. Ouyang, Xiaoling & Fang, Xingming & Cao, Yan & Sun, Chuanwang, 2020. "Factors behind CO2 emission reduction in Chinese heavy industries: Do environmental regulations matter?," Energy Policy, Elsevier, vol. 145(C).
    6. Wang, Ailun & Si, Lulu & Hu, Shuo, 2023. "Can the penalty mechanism of mandatory environmental regulations promote green innovation? Evidence from China's enterprise data," Energy Economics, Elsevier, vol. 125(C).
    7. Ouyang, Xiaoling & Li, Qiong & Du, Kerui, 2020. "How does environmental regulation promote technological innovations in the industrial sector? Evidence from Chinese provincial panel data," Energy Policy, Elsevier, vol. 139(C).
    8. Yu-Hong Ai & Di-Yun Peng & Huan-Huan Xiong, 2021. "Impact of Environmental Regulation Intensity on Green Technology Innovation: From the Perspective of Political and Business Connections," Sustainability, MDPI, vol. 13(9), pages 1-23, April.
    9. Liu, Xiaoqian & Cifuentes-Faura, Javier & Zhao, Shikuan & Wang, Long, 2023. "Government environmental attention and carbon emissions governance: Firm-level evidence from China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 121-142.
    10. Jing‐Lin Duanmu & Maoliang Bu & Russell Pittman, 2018. "Does market competition dampen environmental performance? Evidence from China," Strategic Management Journal, Wiley Blackwell, vol. 39(11), pages 3006-3030, November.
    11. Timothy Kiessling & Lars Isaksson & Burze Yasar, 2016. "Market Orientation and CSR: Performance Implications," Journal of Business Ethics, Springer, vol. 137(2), pages 269-284, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhang, Xu & Wang, Pengmian & Xu, Qiuxiang, 2024. "Corporate environmental governance under the coordination of fiscal and financial policies: The case of green credit subsidy policy," Finance Research Letters, Elsevier, vol. 64(C).
    2. Lin, Boqiang & Xu, Chongchong, 2024. "Reaping green dividend: The effect of China's urban new energy transition strategy on green economic performance," Energy, Elsevier, vol. 286(C).
    3. Du, Kerui & Cheng, Yuanyuan & Yao, Xin, 2021. "Environmental regulation, green technology innovation, and industrial structure upgrading: The road to the green transformation of Chinese cities," Energy Economics, Elsevier, vol. 98(C).
    4. Liu, Baoliu & Cifuentes-Faura, Javier & Ding, Chante Jian & Liu, Xiaoqian, 2023. "Toward carbon neutrality: How will environmental regulatory policies affect corporate green innovation?," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1006-1020.
    5. Eun-Jung Woo & Eungoo Kang, 2021. "Employee Environmental Capability and Its Relationship with Corporate Culture," Sustainability, MDPI, vol. 13(16), pages 1-22, August.
    6. Lin, Boqiang & Xu, Bin, 2020. "Effective ways to reduce CO2 emissions from China's heavy industry? Evidence from semiparametric regression models," Energy Economics, Elsevier, vol. 92(C).
    7. Yaoxiaoxue Hong & Xianling Jiang & Beibei Shi & Chang Yu, 2022. "Do Fiscal Environmental Protection Expenditures Crowd Out Corporate Environmental Protection Investments?," Sustainability, MDPI, vol. 14(20), pages 1-23, October.
    8. Li, Xinze & Du, Kerui & Ouyang, Xiaoling & Liu, Lili, 2022. "Does more stringent environmental regulation induce firms' innovation? Evidence from the 11th Five-year plan in China," Energy Economics, Elsevier, vol. 112(C).
    9. Yi Chen & Zhongwen Xu & Xuehao Wang & Yining Yang, 2023. "How does green credit policy improve corporate social responsibility in China? An analysis based on carbon‐intensive listed firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(2), pages 889-904, March.
    10. Wanli Zhang & Bin Zhu & Yongling Li & Dan Yan, 2024. "Revisiting the Porter hypothesis: a multi-country meta-analysis of the relationship between environmental regulation and green innovation," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    11. Carole RENTSCH & Matthias FINGER, 2014. "Yes, no, maybe: the ambiguous relationships between State-owned enterprises and States," Departmental Working Papers 2014-05, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    12. Henri A. Schildt & Markku V.J. Maula & Thomas Keil, 2005. "Explorative and Exploitative Learning from External Corporate Ventures," Entrepreneurship Theory and Practice, , vol. 29(4), pages 493-515, July.
    13. Swen Nadkarni & Reinhard Prügl, 2021. "Digital transformation: a review, synthesis and opportunities for future research," Management Review Quarterly, Springer, vol. 71(2), pages 233-341, April.
    14. Fereshteh Mahmoudian & Johnny Jermias, 2022. "The influence of governance structure on the relationship between pay ratio and environmental and social performance," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 2992-3013, November.
    15. Kuosmanen, Natalia & Valmari, Nelli, 2023. "Renewal of Companies Through Product Switching," ETLA Working Papers 104, The Research Institute of the Finnish Economy.
    16. Liu, Duan & Yu, Nizhou & Wan, Hong, 2022. "Does water rights trading affect corporate investment? The role of resource allocation and risk mitigation channels," Economic Modelling, Elsevier, vol. 117(C).
    17. Zhang, Feng & Jiang, Guohua & Cantwell, John A., 2015. "Subsidiary exploration and the innovative performance of large multinational corporations," International Business Review, Elsevier, vol. 24(2), pages 224-234.
    18. Avimanyu Datta, 2016. "Antecedents To Radical Innovations: A Longitudinal Look At Firms In The Information Technology Industry By Aggregation Of Patents," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(07), pages 1-31, October.
    19. Yayun Ren & Jian Yu & Guanglai Zhang & Chang Zhang & Wenmei Liao, 2023. "The Short- and Long-Run Impacts of Air Pollution on Human Health: New Evidence from China," IJERPH, MDPI, vol. 20(3), pages 1-23, January.
    20. Liu, Zhiqiang & Yan, Miao & Fan, Youqing & Chen, Liling, 2021. "Ascribed or achieved? The role of birth order on innovative behaviour in the workplace," Journal of Business Research, Elsevier, vol. 134(C), pages 480-492.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:20:p:8783-:d:1496390. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.