Green governance and its peer effect in the Yangtze River Delta region of China
28 Aug 2022-Carbon Neutralization-Vol. 1, Iss: 2, pp 198-220
TL;DR: Zhang et al. as mentioned in this paper constructed a green governance analysis framework based on the connotation of green governance, and took China's most developed Yangtze River Delta region as the research object.
Abstract: The extensive development of social economy and other fields poses challenges to environmental management in the new era. The pressure of climate adaptation and the failure of environmental regulation policies make the Chinese government seek a new environmental management model. Green governance is the foothold of connecting China's economic, social, ecological, cultural, and political construction. It is leading the updation of China's environmental governance model. Based on the connotation of green governance, a green governance analysis framework is constructed. And we take China's most developed Yangtze River Delta region as the research object. Scientific evaluation of green governance using super-efficiency data envelopment analysis (DEA) and nonradial DEA-Malmquist models is done. On this basis, the peer effect in green governance is integrated and analyzed, to clarify the extent to which this implicit driving force and internal political efficacy influence the final level of green governance. Research shows that cities in the Yangtze River Delta show positive green governance results. With the intensification of the degree of geographic integration, the convergence of green governance is strengthened, and the spatial agglomeration effect of green governance is characterized by the strengthening of the same group effect. The existence of spatial relationships makes local governments rely on a strong financial support system and industrial transformation foundation to counter the pressure of regional competition in green governance. With the increase of geographical distance, the peer effect of green governance tends to decline, but across the regional boundary under the provincial interaction framework, the peer effect does not disappear.
TL;DR: In this paper , the authors examined the viability of the resources curse theory concerning financial growth in emerging nations and concluded that appropriate natural resource utilization, funding redistribution at local administration levels, and a shift towards green initiatives should all be put in place as semiconducting short and long-term marketing strategies and regulatory requirements to turn the blight into a full endorsement.
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TL;DR: In this article, the authors examined the dynamics underlying environmental disclosure by Chinese listed companies through the lens of ecological modernization theory and found that about 60% of listed companies report the required environmental information at some level.
Abstract: In 2008, China launched the Green Securities Policy to increase sustainability practices among companies listed on Chinese stock markets. An integral component of the policy is the environmental disclosure regulation, which directs publicly traded Chinese companies in 14 highly polluting industries to report required environmental information. This research explores the Green Securities Policy in two ways. First, it determines the compliance level with environmental disclosure requirements from 2008 to 2010 by companies covered under the Green Securities Policy. The findings indicate that about 60% of listed companies report the required environmental information at some level. Second, the research examines the dynamics underlying environmental disclosure by Chinese listed companies through the lens of ecological modernization theory. While China’s ecological modernization has created an increasingly favorable environment for environmental disclosure regulation, the research highlights problems that have ...
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TL;DR: In this paper, a more fine-grained framework of the green governance context along two dimensions: foreign direct investment (FDI) policy and environmental regulation was proposed, and the framework was examined using cluster analysis.
Abstract: With the global consensus on the need for sustainability practices, green governance has attracted increasing attention from international business (IB) scholars and multinational enterprise (MNE) managers. In this study, we propose a more fine-grained framework of the green governance context along two dimensions: foreign direct investment (FDI) policy and environmental regulation. Then, we examine the framework using cluster analysis. On the basis of a multiple-case study comprising 11 Chinese MNEs in pollution-intensive industries operating in four different green governance contexts, we conclude that (1) the green governance context is a significant factor in MNEs’ global location choices and is an important driving force behind MNEs’ response patterns; (2) environmental capabilities enable MNEs to surmount a host country’s environmental entry barrier and facilitate wider global business deployment; (3) technological capabilities increase MNEs’ competitive edge and allow them to better harness a host country’s growth opportunities; (4) there are four types of green governance response patterns, and the details of the proposed classification structure and its validation are presented; and (5) both strict environmental regulation and friendly FDI policy can positively influence MNEs’ adoption of more active response patterns, and greater availability of environmental and technological capabilities does not affect MNEs’ environmental commitment. This study contributes to the international strategy-capability-environment alignment of emerging economies’ multinational enterprises (EMNEs) in different green governance contexts.
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