Green investment, environmental regulation, and environmental performance

被引：0

作者：

Kang, Xiaohong ^{[1
,2
]}

Zhang, Jinghui ^{[1
]}

Ren, Wanhua ^{[1
]}

Shi, Junhong ^{[3
]}

机构：

[1] Inner Mongolia Univ Finance & Econ, Coll Finance, Hohhot 010070, Peoples R China

[2] Inner Mongolia Rural Pastoral Area Governance Capa, Hohhot 010070, Peoples R China

[3] Tianjin Univ Technol, Sch Management, Tianjin 300384, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2025年 / 80卷

关键词：

Green investment; Environmental performance; Environmental regulation; Energy industry;

D O I：

10.1016/j.frl.2025.107383

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the mechanism of green investment and environmental regulation on corporate environmental performance and confirms the moderating effect of environmental regulation using a two-way fixed-effects panel model based on data from Chinese energy-listed companies from 2013 to 2022. The study reveals that (1) green investment significantly enhances corporate environmental performance. (2) Environmental regulation exhibits an inverted U-shaped effect on environmental performance. (3) Environmental regulation positively moderates the green investment-environmental performance nexus. (4) Green investment exerts a more pronounced positive impact on the environmental performance of state-owned enterprises and firms in central-western regions. Policymakers should adopt region-specific environmental strategies, while enterprises should increase green investments to achieve economy-environment synergy.

引用

页数：9

共 50 条

[1] Environmental regulation, green M&A and environmental performance
Wu Y.
Zhou L.
Liu N.
Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice, 2023, 43 (05): : 1267 - 1284
[2] Environmental regulation, green investment and corporate green governance: Evidence from China's New Environmental Protection Law
Mei, Kailong
Zhang, Zihao
FINANCE RESEARCH LETTERS, 2025, 76
[3] Environmental Regulation, Political Connections, and Corporate Green Investment
Zhu, Rui
Liu, Mengting
Long, Liyu
Huo, Congjia
SUSTAINABILITY, 2022, 14 (20)
[4] Public appeal, environmental regulation and green investment: Evidence from China
Liao, Xianchun
Shi, Xunpeng
ENERGY POLICY, 2018, 119 : 554 - 562
[5] Environmental Concerns, Environmental Policy and Green Investment
Gao, Xuexian
Zheng, Haidong
INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, 2017, 14 (12):
[6] Does Public Environmental Attention Improve Green Investment Efficiency?-Based on the Perspective of Environmental Regulation and Environmental Responsibility
Pan, Kang
He, Feng
SUSTAINABILITY, 2022, 14 (19)
[7] Financing sources, green investment, and environmental performance: Cross-country evidence
Bouchmel, Imen
Ftiti, Zied
Louhich, Wael
Omri, Abdelwahed
JOURNAL OF ENVIRONMENTAL MANAGEMENT, 2024, 353
[8] Research on the Green Investment of Traditional Energy Enterprises and Its Effectiveness Under Environmental Regulation
Wang, Lu
Zhang, Bo
SUSTAINABILITY, 2025, 17 (02)
[9] State Ownership, Environmental Regulation, and Corporate Green Investment: Evidence from China's 2015 Environmental Protection Law Changes
Chemmanur, Thomas J.
Cheng, Bo
Wang, Zi-Tian
Yu, Qianqian
JOURNAL OF BUSINESS ETHICS, 2024,
[10] Environmental regulation, green technology innovation and enterprise performance
Wang, Guancheng
Feng, Xun
Tian, Li Grace
Tu, Yongqian
FINANCE RESEARCH LETTERS, 2024, 68

← 1 2 3 4 5 →