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Can direct environmental regulation promote green technology innovation in heavily polluting industries? Evidence from Chinese listed companies

Cai, Xiang, Zhu, Bangzhu, Zhang, Haijing, Li, Liang, Xie, Meiying·2020·Science of The Total Environment

Abstract

Faced with the dual constraints of resources and the environment, green technology innovation has become an important measure to solve the development challenges of heavily polluting industries. From the perspective of institutional regulation theory, this paper studies the impact of direct environmental regulation on green technology innovation in Chinese listed companies of heavily polluting industries by using the Panel Poisson fixed effect model. Besides, the heterogeneity of ownership and industry is discussed. The results indicate that direct environmental regulations exert a strong and significant incentive effect on green technology innovations in heavily polluting industries. Regarding the heterogeneity of enterprise ownership, direct environmental regulations were found to be more significant to the green technology innovations of state-owned listed companies in such industries. Considering industry heterogeneity, compared with labor-resource intensive industries, direct environmental regulation can effectively encourage green technology innovations in technology-capital intensive industries. This study provides a policy basis for promoting environmental governance and green technology innovation in China's heavily polluting industries.

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Metadata

Authors
Cai, X., Zhu, B., Zhang, H., Li, L., & Xie, M.
Venue
Science of The Total Environment
Publisher
Elsevier BV
Published
2020-12
Volume
746
Pages
140810
ISSN
0048-9697 (ISSN-L)
OpenAlex
W3042149494
Cited by
688
References
2
FWCI
90.80
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Can direct environmental regulation promote green technology innovation in heavily polluting industries? Evidence from Chinese listed companies. https://app.cochat.ai/papers/10.1016/j.scitotenv.2020.140810
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Cai, X., Zhu, B., Zhang, H., Li, L., & Xie, M. (2020). Can direct environmental regulation promote green technology innovation in heavily polluting industries? Evidence from Chinese listed companies. Science of The Total Environment. https://doi.org/10.1016/j.scitotenv.2020.140810

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.