Share This Article:

Can Environmental Subsidies Promote the Green Investment of Enterprises?

HTML XML Download Download as PDF (Size:384KB) PP. 109-125
DOI: 10.4236/me.2020.111011    136 Downloads   257 Views
Author(s)

ABSTRACT

This article mainly studies the impact of environmental subsidies on enterprises’ green investment from a micro level, and the relationship between the two when the industry attributes and local government environmental preferences are different. Empirical analysis shows that environmental subsidies have a significant role in promoting green investments of enterprises; industry attributes and local government environmental preferences can significantly affect the role of environmental subsidies in promoting green investments of enterprises: compared with non-heavily polluting industries, the promotion of environmental protection subsidies on enterprises’ green investment is more obvious in heavily polluting industries; compared with the regions with lower local government environmental preferences, the promotion effect of environmental subsidies on enterprises’ green investment is more significant in the regions with higher local government environmental preferences. The research conclusions of this paper not only enrich the research content of influencing factors of enterprises’ green investment, but also provide theoretical basis and practical guidance for the government to improve the efficiency of the use of environmental subsidy funds and promote the greening process.

Cite this paper

Dang, D. (2020) Can Environmental Subsidies Promote the Green Investment of Enterprises?. Modern Economy, 11, 109-125. doi: 10.4236/me.2020.111011.

Copyright © 2020 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.