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

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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.