气候变化领域集成服务门户(CCPortal): Factor price distortions, environmental regulation and innovation efficiency: An empirical study on China's power enterprises

CCPortal

DOI	10.1016/j.enpol.2022.112887
	Factor price distortions, environmental regulation and innovation efficiency: An empirical study on China's power enterprises
	Qiao, Sen; Zhao, Dong Hao; Guo, Zi Xin; Tao, Zhang
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	164 页码:11
英文摘要	Strengthening environmental regulation is an important measure to solve energy and environmental problems in the process of factor pricing reform in China. Using fixed effect and system-GMM models, this paper explores the impact of factor price distortions and environmental regulation on innovation efficiency of 59 listed power enterprises in China from 2005 to 2019. The results show that: In the direct path, both capital and labor price distortions inhibit innovation efficiency, and the inhibitory effect of labor price distortions in state-owned power enterprises is more significant. For the indirect path, both economical and supervised environmental regulation promote the innovation efficiency of state-owned and non-state-owned power enterprises, while legal environmental regulation is the opposite, which shows that environmental regulation has significant cost effect and rebound effect. In addition, economical, legal and supervised environmental regulation have positive moderating effects on the relationship between capital price distortions, labor price distortions and innovation efficiency, which alleviates the inhibitory effect of capital and labor price distortions on innovation efficiency. Furthermore, economical and supervised environmental regulation have significant positive moderating effects on both state-owned and non-state-owned power enterprises, while the positive moderating effect of legal environmental regulation is only in non-state-owned power enterprises.
英文关键词	Factor price distortions; Environmental regulation; Innovation efficiency; Power enterprises
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000788357700001
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272124
作者单位	Zhengzhou University; Nanning Normal University
推荐引用方式 GB/T 7714	Qiao, Sen,Zhao, Dong Hao,Guo, Zi Xin,et al. Factor price distortions, environmental regulation and innovation efficiency: An empirical study on China's power enterprises[J],2022,164:11.
APA	Qiao, Sen,Zhao, Dong Hao,Guo, Zi Xin,&Tao, Zhang.(2022).Factor price distortions, environmental regulation and innovation efficiency: An empirical study on China's power enterprises.ENERGY POLICY,164,11.
MLA	Qiao, Sen,et al."Factor price distortions, environmental regulation and innovation efficiency: An empirical study on China's power enterprises".ENERGY POLICY 164(2022):11.