Can Environmental Regulation Result in Environmental and Economic Improvements? Evidence From the Sugar Industry Under China's Mandatory Environmental Information Disclosure Policy

IF 2.6 3区经济学 Q2 AGRICULTURAL ECONOMICS & POLICY

Australian Journal of Agricultural and Resource Economics Pub Date : 2025-03-11 DOI:10.1111/1467-8489.70000

Jingfang Ge, Wiktor L. Adamowicz, Wei Si

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引用次数: 0

Abstract

Environmental information disclosure (EID) policies have been used in many jurisdictions, yet the impact on the environment and economic performance of enterprises remains a question. This study examines China's mandatory EID policy implemented in 2014 as an example of the potential relationship between environmental policy and enterprise performance. We applied a difference-in-differences (DID) and propensity score matching (PSM) sampling method to examine the issue, using a panel dataset of nearly 90 sugar enterprises in Guangxi in China from 2008 to 2016. Earnings before income and tax and pollution emissions are considered as proxies of economic and environmental performance, respectively. The results show that the 2014 MEID policy has a significantly positive effect on pollution reduction and a significantly adverse effect on economy. These effects vary with corporation size and ownership. Production shrinkage appears to be the main reason for pollution reduction in Guangxi's sugar industry rather than technological innovation in the pollution treatment process. Furthermore, we discuss the study's limitations and policy implications.

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环境监管能否带来环境和经济改善？中国强制性环境信息公开政策下制糖业的证据

环境信息披露（EID）政策已在许多司法管辖区使用，但对企业的环境和经济绩效的影响仍然是一个问题。本研究以中国2014年实施的强制性EID政策为例，研究环境政策与企业绩效之间的潜在关系。我们采用差异中差异（DID）和倾向得分匹配（PSM）抽样方法来研究这一问题，使用了2008年至2016年中国广西近90家制糖企业的面板数据集。税前收益和污染排放分别被认为是经济和环境绩效的代表。研究结果表明，2014年MEID政策对污染减排具有显著的积极影响，对经济产生显著的不利影响。这些影响因公司规模和所有权而异。广西糖业污染减少的主要原因似乎是生产萎缩，而不是污染处理过程中的技术创新。此外，我们还讨论了研究的局限性和政策意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Australian Journal of Agricultural and Resource Economics 管理科学-农业经济与政策

CiteScore

6.30

自引率

0.00%

发文量

审稿时长

>24 weeks

期刊介绍： The Australian Journal of Agricultural and Resource Economics (AJARE) provides a forum for innovative and scholarly work in agricultural and resource economics. First published in 1997, the Journal succeeds the Australian Journal of Agricultural Economics and the Review of Marketing and Agricultural Economics, upholding the tradition of these long-established journals. Accordingly, the editors are guided by the following objectives: -To maintain a high standard of analytical rigour offering sufficient variety of content so as to appeal to a broad spectrum of both academic and professional economists and policymakers. -In maintaining the tradition of its predecessor journals, to combine articles with policy reviews and surveys of key analytical issues in agricultural and resource economics.