TITLE:
Can Environmental Subsidies Promote the Green Investment of Enterprises?
AUTHORS:
Dengjie Dang
KEYWORDS:
Environmental Subsidies, Enterprises’ Green Investment, Industry Attributes, Local Government Environmental Preferences
JOURNAL NAME:
Modern Economy,
Vol.11 No.1,
January
17,
2020
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.