Can Environmental Subsidies Promote the Green Investment of Enterprises? - Modern Economy

ME > Vol.11 No.1, January 2020

Modern Economy

Volume 11, Issue 1 (January 2020)

ISSN Print: 2152-7245 ISSN Online: 2152-7261

Google-based Impact Factor: 0.74 Citations h5-index & Ranking

Can Environmental Subsidies Promote the Green Investment of Enterprises? ()

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DOI: 10.4236/me.2020.111011 865 Downloads 1,949 Views Citations

Author(s)

Dengjie Dang

Affiliation(s)

School of Management, Jinan University, Guangzhou, China.

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.

KEYWORDS

Environmental Subsidies, Enterprises’ Green Investment, Industry Attributes, Local Government Environmental Preferences

Share and Cite:

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

Cited by

[1]	Can Enterprises in China Achieve Sustainable Development through Green Investment?
	International Journal of Environmental Research and …, 2023

[2]	The asymmetric influences of environmental subsidy and non-environmental subsidy on corporate environmental responsibility: evidence from China
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[3]	Can Mixed-Ownership Reform Drive the Green Transformation of SOEs?
	2021

[4]	Relationship between Team Conflict and Performance in Green Enterprises: A Cross-Level Model Moderated by Leaders' Political Skills
	2021

[5]	A classification of different approaches to green finance and green monetary policy
	Sustainability, 2021

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