IDEAS home Printed from https://ideas.repec.org/a/eme/jaarpp/jaar-07-2022-0191.html
   My bibliography  Save this article

The influence of marine ecological compensation policy on enterprises’ environmental investment

Author

Listed:
  • Xiongfeng Pan
  • Shenghan Feng

Abstract

Purpose - This article investigates the influence of marine ecological compensation policy on enterprises’ environmental investment and explores whether enterprise ownership could impact the said influence. Design/methodology/approach - Using the data of China's A-share listed enterprises for the period 2007–2020, the paper develops a difference-in-differences model and a moderating effect model. Findings - The outcomes corroborate that the marine ecological compensation policy positively influences enterprises' environmental investment, and the effect is nonlinear. Specifically, the marine ecological compensation policy significantly impacts enterprises with lower and higher environmental investment. The empirical evidence from the moderation model shows that the effect of the policy is more significant on the non-state-owned enterprises’ environmental investment. Research limitations/implications - The findings are based on a sample of 559 listed A-share enterprises in China. Additional studies could focus on data from other countries. Practical implications - Based on the present scenario of Chinese enterprises' environmental investment, the results report that the marine compensation policy needs to be differentiated for firms having different ownership and different levels of environmental investment. The study provides valuable insights for the government to formulate marine ecological compensation policies. Originality/value - Marine ecology increasingly affects the economic development of countries, and the study on the influence of relevant environmental policies is of practical significance. However, most scholars concentrate on the research of environmental regulation, and have little focus on the policy effect of marine environmental compensation. This paper studies how marine ecological compensation policy influences the environmental investment behavior of enterprises, and further analyzes the difference in the policy effect caused by the nature of enterprises’ ownership, which not only fills the gap in this field, but also provides a scientific basis for the formulation and adjustment of marine ecological compensation policy.

Suggested Citation

  • Xiongfeng Pan & Shenghan Feng, 2024. "The influence of marine ecological compensation policy on enterprises’ environmental investment," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 26(3), pages 535-553, December.
    • Handle: RePEc:eme:jaarpp:jaar-07-2022-0191
    DOI: 10.1108/JAAR-07-2022-0191
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/JAAR-07-2022-0191/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/JAAR-07-2022-0191/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/JAAR-07-2022-0191?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jaarpp:jaar-07-2022-0191. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.