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325 results on '"Chen, Zhongfei"'

38. The green innovation efficiency of Chinese cities: regional differences, distribution dynamics, and convergences.

Author

Liu, Kai, Dong, Shumin, Wang, Yilin, and Chen, Zhongfei

Subjects
CITIES & towns, REGIONAL differences, ENVIRONMENTAL policy, DIFFERENCE equations, TRAVELING salesman problem
Abstract

In this study, based on measuring green innovation efficiency (GIE), the regional differences, distribution dynamics and convergences of GIE among 284 Chinese cities from 2005 to 2020 were investigated. It was found that: (1) the GIE showed a decreasing regional difference within and between the eight economic zones and among the whole sample population, with the intensity of transvariation making the major contribution to the differences; (2) the GIE across the country and the eight economic zones appeared to rise slowly, showing a certain level of polarization within the zones, but the gap and polarization tended to narrow gradually on the whole, except for the Northwest Economic Zone; (3) the GIE across the country and among the eight economic zones presented prominent convergences. It was conducive to enrich the research contents and methods of green innovation and provide references for green innovation policies. [ABSTRACT FROM AUTHOR]

Published
2024
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39. How does institutional investor preference influence corporate green innovation in China?

Author

Chen, Zhongfei, Zuo, Wenbin, and Xie, Guanxia

Subjects
INSTITUTIONAL investors, INVESTORS, EXECUTIVE ability (Management), CORPORATE finance, INVESTOR protection
Abstract

In this study, we examine the green innovation effect of investor preference on Chinese listed companies from 2008 to 2020. We observe that investors with environmental protection preferences can significantly increase enterprise green innovation. The baseline conclusions remain robust after we conduct multiple sensitivity tests, such as establishing a shift-share instrumental variable (Bartik IV), using the Heckman's two-step method, changing the regression methods, substituting the core variables, adopting the DID method, and considering investors' ownership. Our analysis shows that the green innovation effect of environmental investors is highly pronounced in companies with a high level of indebtedness and low managerial ability. We verify that environmental investors can improve the green innovation level of enterprises through two potential mechanisms, namely, easing corporate financing constraints and incentivising managers. In addition, political and public attention can strengthen the positive relationship between environmental investors and green innovation. [ABSTRACT FROM AUTHOR]

Published
2024
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