Investments in environmental preservation: is the government crowding in green enterprises? Evidence from a-listed companies in China

doi:10.1080/1331677X.2022.2106504

	Investments in environmental preservation: is the government crowding in green enterprises? Evidence from a-listed companies in China
	He, Yali1,2 ; Yang, Suchang 1; Ahmad, Fayyaz 1; Ozturk, Ilhan 3,4; Draz, Muhammad Umar 5; Chandio, Abbas Ali 6
	2022-08-25
发表期刊	ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA
摘要	Government investment in environmental protection (Govin) plays a key role in stimulating private green investment (Prinv) to preserve the ecological environment with economic profits. To examine the effect of Govin on Prinv, this study uses data from 2010 to 2020 on green A-listed companies in China and estimates a dynamic panel model by using both the difference generalized method of moments and system generalized method of moments. The results indicate that Govin has a crowding-in effect on Prinv, and this conclusion is confirmed by several robustness tests. Furthermore, we identify revenues as a potential mechanism variable to explain how Govin affects Prinv. In addition, this study finds regional and enterprise ownership differences in the crowding in effect of Chinese Govin. Finally, based on these outcomes, the study suggests that the government should rationally and dynamically adjust the contents of public environmental investment and optimise its structure to effectively promote the development of green, low-carbon, and circular economies.
关键词	Green investment government investment environmental preservation crowding-in effect
DOI	10.1080/1331677X.2022.2106504
收录类别	SSCI
ISSN	1331-677X
语种	英语
WOS研究方向	Business & Economics
WOS类目	Economics
WOS记录号	WOS:000841834200001
出版者	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
原始文献类型	Article ; Early Access
EISSN	1848-9664
引用统计	被引频次：1[WOS] [WOS记录] [WOS相关记录]
文献类型	期刊论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/32921
专题	统计与数据科学学院
作者单位	1.Lanzhou Univ, Sch Econ, Lanzhou, Peoples R China; 2.Lanzhou Univ Finance & Econ, Sch Stat, Lanzhou, Peoples R China; 3.Nisantasi Univ, Fac Econ Adm & Social Sci, Istanbul, Turkey; 4.China Med Univ, China Med Univ Hosp, Dept Med Res, Taichung, Taiwan; 5.Canadore Coll Canadore Stanford, North Bay, ON, Canada; 6.Sichuan Agr Univ, Coll Econ, Chengdu, Peoples R China
第一作者单位	兰州财经大学
推荐引用方式 GB/T 7714	He, Yali,Yang, Suchang,Ahmad, Fayyaz,et al. Investments in environmental preservation: is the government crowding in green enterprises? Evidence from a-listed companies in China[J]. ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA,2022.
APA	He, Yali,Yang, Suchang,Ahmad, Fayyaz,Ozturk, Ilhan,Draz, Muhammad Umar,&Chandio, Abbas Ali.(2022).Investments in environmental preservation: is the government crowding in green enterprises? Evidence from a-listed companies in China.ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA.
MLA	He, Yali,et al."Investments in environmental preservation: is the government crowding in green enterprises? Evidence from a-listed companies in China".ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA (2022).