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.
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收藏
页数：9
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