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Yang H, Yuan P. Environmental protection investment on performance of heavy-polluting enterprises: evidence from China's A-share listed companies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:20383-20398. [PMID: 38379041 DOI: 10.1007/s11356-024-32343-9] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/18/2023] [Accepted: 02/01/2024] [Indexed: 02/22/2024]
Abstract
Heavy-polluting enterprises' investment in environmental protection will have a "crowding out effect" on their other inputs, affecting enterprise performance. However, if the environmental protection investment of enterprises improves their green technology innovation ability, resulting in the "innovation compensation effect," which can offset the "crowding out effect" of environmental protection inputs, it may have a positive impact on enterprise performance. This can offset the "crowding out effect" of environmental investment and may promote the performance of enterprises. At the same time, equity concentration plays the role of "tunneling effect" and "monitoring and incentive effect" in the process of environmental protection investment affecting the performance of heavy-polluting enterprises. The paper selects the data of A-share listed heavy-polluting enterprises in China from 2010 to 2019 and analyzes the impacts of environmental protection investment and green technology innovation on the performance of heavy-polluting enterprises by using a multidimensional panel fixed-effects model. The results show that environmental protection investment will improve the performance of heavy-polluting enterprises by improving their green technology innovation ability; green technology innovation plays a partly intermediary role in the process of environmental protection investment affecting the performance of enterprises, and the magnitude of this intermediary role is regulated by the concentration of corporate equity. Based on the results of the empirical study, it is recommended that heavy-polluting enterprises should accelerate the pace of green technology research and development and results transformation, optimize the proportion of equity allocation, and achieve the dual goals of fulfilling environmental responsibilities and enhancing corporate performance.
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Affiliation(s)
- Huili Yang
- Harbin Institute of Technology (Weihai), No. 2 Wenhua West Road, Huancui District, Weihai City, Shandong Province, China.
| | - Pinghao Yuan
- Harbin Institute of Technology (Weihai), No. 2 Wenhua West Road, Huancui District, Weihai City, Shandong Province, China
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Emdalel ASM, Khalifa W. Role of technology management for carbon neutrality in Gulf economies: the role of social globalization and financial development. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:2437-2450. [PMID: 38066281 DOI: 10.1007/s11356-023-31371-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/24/2023] [Accepted: 11/30/2023] [Indexed: 01/18/2024]
Abstract
This study is founded on the United Nations' Sustainable Development Goals (SDGs) for 2030, particularly SDGs 8, 11, 12, and 13, among others. Investigating the impact of nonrenewable energy, social globalization, financial development, and ICT on CO2 emissions in the Gulf nations, data from 1992 to 2019 was employed using advanced panel methodologies. Both linear and nonlinear autoregressive distributed lag techniques, along with a panel causality approach, were utilized for a comprehensive analysis. These extensive investigations offer robust insights into the ecological sustainability dynamics within the Gulf nations. The empirical findings highlight that positive (negative) shifts in social globalization, economic growth, ICT, and nonrenewable energy correlate with an increase (decrease) in CO2 emissions, while positive (negative) shifts in financial development contribute to a decrease (increase) in CO2 emissions. These results emphasize the need for a policy framework aligned with the SDGs, advocating an inclusive policy framework tailored for the Gulf nations, aiming to drive progress towards achieving SDGs 7, 8, 9, 13, and 16.
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Affiliation(s)
| | - Wagdi Khalifa
- Akdeniz Karpaz Universitesi, Northern Cyprus, 10, Mersin, Turkey
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Guo B, Guo Q, Amri F, Abbas S, Nghiem XH. Powering environmental sustainability through renewable energy and natural resources: a Dynamic ARDL simulation approach. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:90906-90923. [PMID: 37468773 DOI: 10.1007/s11356-023-28643-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 02/19/2023] [Accepted: 07/02/2023] [Indexed: 07/21/2023]
Abstract
The objective of this study is to examine the role of renewable energy consumption and natural resource rents along with control variables of globalization and economic growth on the environmental sustainability of Jordanian economy from 1985 to 2019. These variables have been selected based on theory and empirical literature. We apply a Dynamic Autoregressive Distributed Lag (D-ARDL) technique along with robustness checks of Fully modified OLS (FMOLS), Dynamic OLS (DOLS), and Canonical Cointegrating Regression (CCR) techniques in order to achieve the above goal. The result from the analysis confirms that the environmental Kuznets curve (EKC) is not valid for the Jordan in either long or short term. Our estimation results also confirm the highly significant and negative impact of renewable energy on CO2 emissions in both the long and short term. However, both natural resource rents and globalization are significant and positive in the long run, implying that these variables are detrimental to the environmental quality. The interaction analysis presents detrimental effect of globalization in terms of renewable energy while it shows beneficial effect of globalization in terms of natural resource for environmental quality. The frequency domain causality result shows causality at different frequencies across the variables. Based on the results, several policy directions are provided in order to achieve environmental sustainability in Jordan.
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Affiliation(s)
- Bocheng Guo
- School of Economics and Management, Xinjiang University, Urumqi, 830046, China
| | - Qingran Guo
- School of Economics and Management, Xinjiang University, Urumqi, 830046, China
| | - Fethi Amri
- Unit of Research 3E, Higher Institute of Management of Gabes (I.S.G.), University of Gabes, Gabes, Tunisia
| | - Shujaat Abbas
- Graduate School of Economics and Management, Ural Federal University, Yekaterinburg, Russian Federation.
- MEU Research Unit, Middle East University, Amman, Jordan.
| | - Xuan-Hoa Nghiem
- International School, Vietnam National University, Hanoi, Vietnam
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İlbasmış M, Çitil M, Demirtaş F, Ali M, Barut A, Mohsin M. Does green investments improve air quality? Evidence for developed and developing European countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:89726-89739. [PMID: 37460882 DOI: 10.1007/s11356-023-28544-3] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/09/2022] [Accepted: 06/28/2023] [Indexed: 08/11/2023]
Abstract
The aim of this study is to examine the effect of green investments on air quality for developed and developing European countries. In this context, the short- and long-term effects of green investments on air quality were examined by panel generalized method of moments (GMM) and panel causality method. As a result of the GMM analysis, it has been determined that green investments negatively affect the air quality for both developed European countries and developing European countries in the short term, but this effect turns positive in developed countries in the long term. As a result of the panel causality analysis, two-way causality was determined between air quality and green investments.
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Affiliation(s)
- Metin İlbasmış
- Faculty of Economics and Administrative Sciences, Aksaray University, Aksaray, Turkey
| | - Mücahit Çitil
- Siverek Faculty of Applied Sciences, Department of International Trade and Logistics, Harran University, Sanliurfa, Turkey
| | - Furkan Demirtaş
- Siverek Faculty of Applied Sciences, Department of International Trade and Logistics, Harran University, Sanliurfa, Turkey
| | - Muhammad Ali
- UCSI Graduate Business School, UCSI University, Kuala Lumpur, Malaysia
- Department of Business Administration, IQRA University, Karachi, Pakistan
| | - Abdulkadir Barut
- Siverek Vocational School, Department of Accounting and Taxation, Harran University, Sanliurfa, Turkey.
| | - Mohammad Mohsin
- School of Finance and Economics, Jiangsu University, Zhenjiang, China
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Adebayo TS, Samour A, Alola AA, Abbas S, Ağa M. The potency of natural resources and trade globalisation in the ecological sustainability target for the BRICS economies. Heliyon 2023; 9:e15734. [PMID: 37180906 PMCID: PMC10172752 DOI: 10.1016/j.heliyon.2023.e15734] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 02/24/2023] [Revised: 04/18/2023] [Accepted: 04/20/2023] [Indexed: 05/16/2023] Open
Abstract
The BRICS nations have yet to significantly contribute to achieving Sustainable Development Goals (SDG) 7 and 13. Dealing with this problem might necessitate a policy shift, which is the main topic of this research. Therefore, the current study scrutinizes the interrelationship between natural resources, energy, trade globalisation and ecological footprint using panel data from the period between 1990 and 2018 for the BRICS nations. To assess the interrelationship between ecological footprint and its determinants, we used the Cross sectional autoregressive distributed lag (CS-ARDL) and common correlated effects. mean group (CCEMG) estimators. The findings show that economic progress, and natural resources lessen ecological quality, while renewable energy and trade globalization improves ecological quality in the BRICS nations. Based on these results, the BRICS nations need to upgrade their use of renewable energy sources and improve the structure of their natural resource endowments. Furthermore, trade globalisation necessitates immediate policy responses in these nations since it reduces ecological damage.
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Affiliation(s)
- Tomiwa Sunday Adebayo
- Department of Economics, Faculty of Economic and Administrative Science, Cyprus International University, Nicosia, Northern Cyprus, via Mersin-10, Turkey
| | - Ahmed Samour
- Department of Accounting , Dhofar University, Salalah, Sultanate of Oman
- Corresponding author.
| | - Andrew Adewale Alola
- CREDS-Centre for Research on Digitalization and Sustainability, Inland Norway University of Applied Sciences, Norway
- Faculty of Economics, Administrative and Social Sciences, Nisantasi University, Istanbul, Turkey
| | - Shujaat Abbas
- Graduate School of Economics and Management, Ural Federal University, Russian Federation
| | - Mehmet Ağa
- Department of Accounting and Finance, Faculty of Economic and Administrative Science, Cyprus International University, Nicosia, Northern Cyprus, via Mersin-10, Turkey
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Adebayo TS, Uhunamure SE, Shale K. A time-varying approach to the nexus between environmental related technologies, renewable energy consumption and environmental sustainability in South Africa. Sci Rep 2023; 13:4860. [PMID: 36964249 PMCID: PMC10039043 DOI: 10.1038/s41598-023-32131-4] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 12/21/2022] [Accepted: 03/22/2023] [Indexed: 03/26/2023] Open
Abstract
Ecological degradation is a major challenge for all nations. The problem is particularly worrying for South Africa, which has recently suffered from various ecological catastrophes. Thus, the empirical study evaluates the nexus between CO2 emissions and financial development, renewable energy, economic growth and environmental-related technologies in South Africa utilizing data between 1980 and 2020. We employed autoregressive distributed lag (ARDL) and time-varying causality to evaluate these connections. The results from the ARDL show that financial development and environmental-related technologies lessen CO2 emissions while economic progress intensifies CO2 emissions. Surprisingly, renewable energy does not mitigate CO2 emissions. Furthermore, the time-varying causality shows that all the independent variables can forecast CO2 emissions at different sub-periods. Finally, our results are resilient to various policy ramifications useful in reducing CO2 emissions and associated adverse ecological consequences.
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Affiliation(s)
- Tomiwa Sunday Adebayo
- Department of Economics, Faculty of Economics and Administrative Science, Cyprus International University, Nicosia, Mersin, Northern Cyprus, 10, Turkey
| | - Solomon Eghosa Uhunamure
- Faculty of Applied Sciences, Cape Peninsula University of Technology, P. O. Box 652, Cape Town, 8000, South Africa.
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