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Environmental policy and sustainable development: An empirical study on carbon reduction among Chinese enterprises

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  • Hui‐Cheng Yu
  • Bor‐Yuan Tsai

Abstract

This study mainly examined the influences of enterprises' carbon reduction behaviors on their sustainable development, and investigated the effects on sustainable development of carbon emission reduction by state‐owned enterprises (SOEs) from high‐carbon‐emission industries in China. Data were coded through a content analysis procedure, followed by regression analysis. Analysis of variance results revealed that SOEs and high‐carbon‐emission industries emphasize realizing carbon reduction more than do privately owned enterprises and non‐high‐carbon‐emission industries, with significant between‐groups differences observed between these enterprises and industries. Regression results indicated that carbon reduction positively and significantly influences corporate sustainable development, suggesting that carbon reduction is beneficial to both the ecological environment and corporate sustainable development. However, carbon reduction negatively yet insignificantly influences the sustainable development of SOEs in industries with high carbon emissions. The empirical findings may serve as a critical reference for China, which is moving toward a low‐carbon economy.

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  • Hui‐Cheng Yu & Bor‐Yuan Tsai, 2018. "Environmental policy and sustainable development: An empirical study on carbon reduction among Chinese enterprises," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(5), pages 1019-1026, September.
    • Handle: RePEc:wly:corsem:v:25:y:2018:i:5:p:1019-1026
    DOI: 10.1002/csr.1499
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    3. Peterson K. Ozili, 2022. "Sustainability and Sustainable Development Research around the World," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 20(3 (Fall)), pages 259-293.
    4. Khine Kyaw & Julio Pindado & Chabela de-la-Torre, 2022. "Disentangling the Bidirectional Relationships Across the Corporate Sustainable Development Indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 297-320, August.
    5. Wenhao Song & Yingying Ma & Xiucheng Fan & Xuerong Peng, 2023. "Corporate environmental ethics and employee's green creativity? The perspective of environmental commitment," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1856-1868, July.
    6. Obey Dzomonda & Olawale Fatoki, 2020. "Environmental Sustainability Commitment and Financial Performance of Firms Listed on the Johannesburg Stock Exchange (JSE)," IJERPH, MDPI, vol. 17(20), pages 1-21, October.
    7. Tingko Lee & Wei‐Tsung Liu & Jun‐Xian Yu, 2021. "Does TMT composition matter to environmental policy and firm performance? The role of organizational slack," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(1), pages 196-213, January.
    8. Zhu, Qing & Lu, Kai & Liu, Shan & Ruan, Yinglin & Wang, Lin & Yang, Sung-Byung, 2022. "Can low-carbon value bring high returns? Novel quantitative trading from portfolio-of-investment targets in a new-energy market," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 755-769.
    9. Mudeer Ahmed Khattak & Buerhan Saiti, 2021. "Banks' environmental policy and business outcomes: The role of competition," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 302-317, January.

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