世界贸易组织（WTO）贸易政策审查与绿色技术的采用：全球证据

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2024-11-01 DOI:10.1016/j.irfa.2024.103715

Arifa Tanveer , Shihong Zeng , Rashid Zaman , Simone Scagnelli

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引用次数: 0

摘要

本研究探讨了与世贸组织气候相关的贸易政策审查（TPR）对企业绿色发展的影响，尤其关注绿色技术的采用。该研究利用 2009 年至 2019 年 30 个国家的纵向样本，提供了原创性证据，表明在贸易政策审查更频繁的国家，企业往往采用更多的绿色技术。渠道分析表明，以气候为重点的贸易政策审查条目、气候相关通知和气候相关措施能够有效降低管理者的政治风险认知，从而促进公司采用绿色技术。其他分析表明，在促进采用绿色技术方面，贸易政策审查（TPR）与企业特定的外部监督相比具有替代作用。研究结果还表明，在与气候相关的贸易政策审查和绿色技术采用率提高的共同作用下，温室气体（GHG）排放量大幅减少。研究的基线结果在应用了各种估计技术（如倾向得分匹配、熵平衡和系统 GMM）后仍然保持稳健。本研究的新发现强调了此类审查在塑造公司可持续发展环境战略方面的降低风险和监督功能，为政策制定者、从业者和利益相关者提供了宝贵的见解。

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World Trade Organization (WTO) trade policy reviews and green technology adoption: Global evidence

This study examines the impact of WTO climate-related Trade Policy Reviews (TPR) on corporate efforts towards going green, specifically focusing on green technology adoption. Utilising a longitudinal sample comprising 30 countries from 2009 to 2019, the study provides original evidence that companies in countries with more frequent TPRs tend to adopt more green technologies. Channel analysis reveals that countries with climate-focused TPR entries, climate-related notifications, and climate-related measures effectively reduce managerial political risk perception, thereby facilitating the companies' adoption of green technologies. Additional analysis suggests a substitutive role of trade policy reviews (TPR) compared to firm-specific external monitors in promoting the adoption of green technologies. The findings also indicate a significant reduction in greenhouse gas (GHG) emissions resulting from the combined effect of climate-related TPR and increased green technology adoption. The study's baseline results remain robust even after applying various estimation techniques, such as Propensity Score matching, Entropy Balancing, and System GMM. This study's novel findings, emphasising the risk reduction and monitoring functions of such reviews in shaping companies' environmental strategies towards sustainability, provide valuable insights to policymakers, practitioners, and stakeholders.

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来源期刊

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.