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Does ambient air quality standard contribute to green innovation of enterprises in China? Implications for environmental protection and public health

In the post-COVID-19 era, environmental pollution has been a serious threat to public health. Enterprises are in urgent need of enhancing green technology innovation as the main source of pollutant emissions, and it is necessary for governments to support green innovation of enterprises to reduce po...

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Autores principales: Zhang, Zhi-feng, Xu, Hao-dong, Shan, Shuang-shuang, Duan, Hong-yan, Lu, Yu-qi, Lyu, Yi-pin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9687091/
https://www.ncbi.nlm.nih.gov/pubmed/36438235
http://dx.doi.org/10.3389/fpubh.2022.997864
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author Zhang, Zhi-feng
Xu, Hao-dong
Shan, Shuang-shuang
Duan, Hong-yan
Lu, Yu-qi
Lyu, Yi-pin
author_facet Zhang, Zhi-feng
Xu, Hao-dong
Shan, Shuang-shuang
Duan, Hong-yan
Lu, Yu-qi
Lyu, Yi-pin
author_sort Zhang, Zhi-feng
collection PubMed
description In the post-COVID-19 era, environmental pollution has been a serious threat to public health. Enterprises are in urgent need of enhancing green technology innovation as the main source of pollutant emissions, and it is necessary for governments to support green innovation of enterprises to reduce pollutant emissions and promote public health. In this context, this paper investigates whether the Ambient Air Quality Standard (AAQS) implemented in 2012 in China contributes to green innovation of enterprises, to provide implications for environmental protection and public health. By using panel data of Chinese A-share listed companies from 2008 to 2020, this study adopts the difference-in-difference model to analyze the policy impact of environmental regulation on green innovation of enterprises and its internal mechanism. The results show that AAQS has significantly improved the green innovation of enterprises. Furthermore, AAQS affects the green innovation of enterprises by virtue of two mechanism paths: compliance cost effect and innovation offset effect. On the one hand, AAQS leads to an increase in production costs of enterprises, thus inhibiting green innovation activities of enterprises. On the other hand, AAQS encourages enterprises to increase R&D investment in green technology, thus enhancing their green innovation. In addition, the impact of AAQS on firms' green innovation has heterogeneous characteristics. Our findings not only enrich the studies of environmental regulation and green innovation of enterprises but also provide policymakers in China and other developing countries with implications for environmental protection and public health improvement.
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spelling pubmed-96870912022-11-25 Does ambient air quality standard contribute to green innovation of enterprises in China? Implications for environmental protection and public health Zhang, Zhi-feng Xu, Hao-dong Shan, Shuang-shuang Duan, Hong-yan Lu, Yu-qi Lyu, Yi-pin Front Public Health Public Health In the post-COVID-19 era, environmental pollution has been a serious threat to public health. Enterprises are in urgent need of enhancing green technology innovation as the main source of pollutant emissions, and it is necessary for governments to support green innovation of enterprises to reduce pollutant emissions and promote public health. In this context, this paper investigates whether the Ambient Air Quality Standard (AAQS) implemented in 2012 in China contributes to green innovation of enterprises, to provide implications for environmental protection and public health. By using panel data of Chinese A-share listed companies from 2008 to 2020, this study adopts the difference-in-difference model to analyze the policy impact of environmental regulation on green innovation of enterprises and its internal mechanism. The results show that AAQS has significantly improved the green innovation of enterprises. Furthermore, AAQS affects the green innovation of enterprises by virtue of two mechanism paths: compliance cost effect and innovation offset effect. On the one hand, AAQS leads to an increase in production costs of enterprises, thus inhibiting green innovation activities of enterprises. On the other hand, AAQS encourages enterprises to increase R&D investment in green technology, thus enhancing their green innovation. In addition, the impact of AAQS on firms' green innovation has heterogeneous characteristics. Our findings not only enrich the studies of environmental regulation and green innovation of enterprises but also provide policymakers in China and other developing countries with implications for environmental protection and public health improvement. Frontiers Media S.A. 2022-11-10 /pmc/articles/PMC9687091/ /pubmed/36438235 http://dx.doi.org/10.3389/fpubh.2022.997864 Text en Copyright © 2022 Zhang, Xu, Shan, Duan, Lu and Lyu. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Public Health
Zhang, Zhi-feng
Xu, Hao-dong
Shan, Shuang-shuang
Duan, Hong-yan
Lu, Yu-qi
Lyu, Yi-pin
Does ambient air quality standard contribute to green innovation of enterprises in China? Implications for environmental protection and public health
title Does ambient air quality standard contribute to green innovation of enterprises in China? Implications for environmental protection and public health
title_full Does ambient air quality standard contribute to green innovation of enterprises in China? Implications for environmental protection and public health
title_fullStr Does ambient air quality standard contribute to green innovation of enterprises in China? Implications for environmental protection and public health
title_full_unstemmed Does ambient air quality standard contribute to green innovation of enterprises in China? Implications for environmental protection and public health
title_short Does ambient air quality standard contribute to green innovation of enterprises in China? Implications for environmental protection and public health
title_sort does ambient air quality standard contribute to green innovation of enterprises in china? implications for environmental protection and public health
topic Public Health
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9687091/
https://www.ncbi.nlm.nih.gov/pubmed/36438235
http://dx.doi.org/10.3389/fpubh.2022.997864
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