Environmental Regulation, Environmental Decentralization, and Enterprise Environmental Protection Investment: Evidence From China

被引：20
作者：
Liu, Li [1 ]
Ren, Guangqian [2 ]
He, Banghua [3 ]
Zheng, Minna [4 ]
机构：
[1] Henan Univ Technol, Sch Management, Zhengzhou, Peoples R China
[2] Zhengzhou Univ, Business Sch, Zhengzhou, Peoples R China
[3] Renmin Univ China, Coll Agr & Rural Dev, Beijing, Peoples R China
[4] Hebei Univ Technol, Sch Econ & Management, Tianjin, Peoples R China
来源：
FRONTIERS IN PUBLIC HEALTH | 2022年 / 10卷
关键词：
environmental regulation; environmental decentralization; enterprise environmental protection investment; China; microeconomic behavior of enterprises; EFFICIENCY; PRODUCTIVITY; PERFORMANCE; QUALITY; IMPACT;
D O I：
10.3389/fpubh.2022.821488
中图分类号：
R1 [预防医学、卫生学];
学科分类号：
1004 ; 120402 ;
摘要：
The microeconomic behavior of enterprises is influenced by the government system and its policies. In this article, we investigate how environmental regulation and environmental decentralization affect enterprise environmental protection investment using the data of China's listed companies from 2009 to 2020 and examine the effect of environmental decentralization on the relationship between environmental regulation and environmental protection investment. First, we find that there is a "U-shaped" relationship between environmental regulation and enterprise environmental protection investment. Second, the estimation results indicate that environmental decentralization can promote enterprise environmental protection investment. Finally, we further provide evidence to show that environmental decentralization has a negative moderating impact on the relationship between environmental regulation and enterprise environmental protection investment. Accordingly, the conclusion of this study is helpful to optimize the environmental decentralization management system, reasonably guide the local government behavior, alleviate the contradiction between environmental protection and economic development, and promote the green transformation of economic development mode.
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页数：12
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