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 S.; Zhao D.H.; Guo Z.X.; Tao Z.
发表日期	2022
ISSN	0301-4215
卷号	164
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. © 2022 Elsevier Ltd
英文关键词	Environmental regulation; Factor price distortions; Innovation efficiency; Power enterprises
语种	英语
scopus关键词	Costs; Economic and social effects; Employment; Wages; Empirical studies; Energy problem; Environmental problems; Factor price distortion; Fixed effects; Inhibitory effect; Innovation efficiency; Moderating effect; Power enterprise; System GMM; Environmental regulations; efficiency measurement; environmental economics; environmental policy; innovation; legislation; power plant; price dynamics; regulatory framework; state owned enterprise; China
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/256283
作者单位	School of Business, Zhengzhou University, Zhengzhou, 450001, China; School of Logistics Management and Engineering, Nanning Normal University, Nanning, 530001, China
推荐引用方式 GB/T 7714	Qiao S.,Zhao D.H.,Guo Z.X.,et al. Factor price distortions, environmental regulation and innovation efficiency: An empirical study on China's power enterprises[J],2022,164.
APA	Qiao S.,Zhao D.H.,Guo Z.X.,&Tao Z..(2022).Factor price distortions, environmental regulation and innovation efficiency: An empirical study on China's power enterprises.Energy Policy,164.
MLA	Qiao S.,et al."Factor price distortions, environmental regulation and innovation efficiency: An empirical study on China's power enterprises".Energy Policy 164(2022).