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Research on Stability of Green Transformation Strategy of Manufacturing Enterprises under Multi-dimensional Environmental Regulation

Author

Listed:
  • Yan Qin

    (School of Business, Guilin University of Technology, Guilin, China)

  • Sufeng Li

    (School of Business, Guilin University of Technology, Guilin, China)

  • Haiyong Jiang

    (School of Business, Guilin University of Technology, Guilin, China)

  • Zhenyu Chen

    (Affairs Service Center of Ecological Environment of Liaoning Province, Shenyang, China)

  • Chuanlong Ma

    (Business Management of Business School, University of Sheffield, Sheffield, UK)

Abstract

Giving full play to the interaction of multi-dimensional environmental regulation is an important method to accelerate the green transformation of manufacturing enterprises which is a significant way to achieve carbon peaking and carbon neutrality goals. Based on the theory of evolution game, a green transformation strategy evolution game model participated by the government, consumers, and manufacturing enterprises has been constructed. Stability research is conducted based on the behavioral mode of the three parties participating subjects and the paper uses MATLAB for numerical simulation to analyze the impact of environmental regulations of different dimensions on the green transformation of enterprises. The research shows that: (1) When the government adopts a single environmental regulation of carbon emission right transaction or green consumption subsidy, it will not affect the choice of green transformation strategies of the enterprise. (2) When the government adopts a single environmental regulation of environmental protection tax, it only promotes enterprises to choose green transformation strategies under limited conditions. (3) Under the multi-dimensional environmental regulations of the government, by affecting the cost and income of enterprise green technology innovation, consumers’ green consumption behavior, and the manufacturing enterprises choose green transformation as a stable strategy. Therefore, the government should give full play to the role of multi-dimensional environmental regulations in promoting consumers' green consumption and enterprises’ green technology innovation to accelerate the green transformation of manufacturing enterprises.

Suggested Citation

  • Yan Qin & Sufeng Li & Haiyong Jiang & Zhenyu Chen & Chuanlong Ma, 2023. "Research on Stability of Green Transformation Strategy of Manufacturing Enterprises under Multi-dimensional Environmental Regulation," Review of Economic Assessment, Anser Press, vol. 2(2), pages 75-96, August.
    • Handle: RePEc:bba:j00010:v:2:y:2023:i:2:p:75-96:d:197
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    References listed on IDEAS

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    1. Yu, Yugang & Han, Xiaoya & Hu, Guiping, 2016. "Optimal production for manufacturers considering consumer environmental awareness and green subsidies," International Journal of Production Economics, Elsevier, vol. 182(C), pages 397-408.
    2. Bai, Caiquan & Liu, Hangjuan & Zhang, Rongjie & Feng, Chen, 2023. "Blessing or curse? Market-driven environmental regulation and enterprises' total factor productivity: Evidence from China's carbon market pilots," Energy Economics, Elsevier, vol. 117(C).
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    Cited by:

    1. Liu, Baoliu & Cifuentes-Faura, Javier & Ding, Chante Jian & Liu, Xiaoqian, 2023. "Toward carbon neutrality: How will environmental regulatory policies affect corporate green innovation?," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1006-1020.

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