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How does environmental legislation affect enterprise investment preferences? A quasi-natural experiment based on China's new environmental protection law

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成果类型:
期刊论文
作者:
Zhao, Xiaomeng;Chen, Yinna;Si, Deng-Kui;Jiang, Cun-Yuan
通讯作者:
Si, DK
作者机构:
[Zhao, Xiaomeng; Chen, Yinna] Cent China Normal Univ, Sch Econ & Business Adm, Wuhan 430079, Peoples R China.
[Si, DK; Si, Deng-Kui; Jiang, Cun-Yuan] Qingdao Univ, Sch Econ, Qingdao 266071, Peoples R China.
通讯机构:
[Si, DK ] Q
Qingdao Univ, Sch Econ, Qingdao 266071, Peoples R China.
语种:
英文
关键词:
Enterprise investment preferences;Environmental legislation;New environmental protection law
期刊:
Economic Analysis and Policy
ISSN:
0313-5926
年:
2024
卷:
81
页码:
834-855
基金类别:
This work was supported by the National Natural Science Foundation of China (grant number 71903063), the Fundamental Research Funds for the Central Universities (grant number CCNU23ED013), the Shandong Social Science Planning Program (grant number 22CJJJ16), Shandong Youth Innovation Science and Technology Program Team (grant number 2020RWE006) and the first batch of Shandong Philosophy and Social Science Youth Innovation Team Project (grant number 2023-ZKZD-008).
机构署名:
本校为第一机构
院系归属:
经济与工商管理学院
摘要:
China's New Environmental Protection Law (NEPL) represents a significant shift from the traditional administration to environmental legalization. Polluting enterprises face more pronounced contradictions between short-term environmental compliance and long-term development. Therefore, based on the CNRDS and CSMAR databases, this paper uses the 2015 NEPL as a quasi-natural experiment to investigate the micro-effects and mechanisms of environmental legislation on firms' investment preferences and environmental performance. The main findings of this paper are as follows. (1) The implementation of...

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