Going Green in China: Firms’ Responses to Stricter Environmental Regulations

Medientyp: E-Book

Titel: Going Green in China : Firms’ Responses to Stricter Environmental Regulations

Beteiligte: Fan, Haichao [Verfasser:in]; Zivin, Joshua S. Graff [Sonstige Person, Familie und Körperschaft]; Kou, Zonglai [Sonstige Person, Familie und Körperschaft]; Liu, Xueyue [Sonstige Person, Familie und Körperschaft]; Wang, Huanhuan [Sonstige Person, Familie und Körperschaft]

Körperschaft: National Bureau of Economic Research

Erschienen: Cambridge, Mass: National Bureau of Economic Research, 2019

Umfang: 1 Online-Ressource; illustrations (black and white)

Sprache: Englisch

DOI: 10.3386/w26540

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Reproduktionsnotiz: Hardcopy version available to institutional subscribers

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Anmerkungen: System requirements: Adobe [Acrobat] Reader required for PDF files
Mode of access: World Wide Web

Beschreibung: This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences framework based on a comprehensive firm-level dataset, we find that more stringent environmental regulations faced by firms are positively associated with a greater probability of reducing COD emissions; also, there exists an evident heterogeneous effect across industries with different pollution intensities. Stricter environmental regulations also account for the sharp decline in firms' profits, capital, and labor. After executing a complete chain of tests of the underlying mechanisms, we find that firms rely more on recycling and abatement investment than on innovations when meeting environmental requirements

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