EXPRESS:污染天堂的业力债务假说:亚国家环境监管压力和新兴市场的外国撤资

IF 4.9 2区 管理学 Q1 BUSINESS
Teng Niu, Peng Wang
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引用次数: 0

摘要

污染天堂假说(PHH)被广泛用于解释外国投资者掠夺性地转移到新兴市场。然而,考虑到环境法规的自然演变,PHH的长期影响仍然是个谜。这项研究提出,当地区环境监管压力变得更加严格时,外国在新兴市场撤资的可能性就会增加。通过对2000年在中国成立的402家国际合资企业的Cox比例风险模型获得了实证支持,这些企业的海外撤资状况一直追溯到2017年。研究结果支持了PHH的业力债务,即外国投资者在短期内通过转移到新兴市场来避免环境监管成本,从长远来看会适得其反,除非他们为东道国市场带来价值。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
EXPRESS: The karmic debt of pollution haven hypothesis: Subnational environmental regulatory pressure and foreign divestment from an emerging market
The pollution haven hypothesis (PHH) is widely used to explain the predatory relocation of foreign investors to emerging markets. However, the long-term effect of the PHH remains a mystery, given the natural evolution of environmental regulations. This study proposes that the likelihood of foreign divestment in the emerging market increases when the regional environmental regulatory pressure becomes more stringent. Empirical support is obtained through a Cox proportional hazard model of 402 international joint ventures established in China in 2000, whose foreign divestment status is traced until 2017. The findings support the karmic debt of the PHH, that is, foreign investors’ focus on avoiding environmental regulatory costs by relocating to emerging markets in the short run will backfire in the long run unless they bring something of value to the host market.
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来源期刊
CiteScore
8.70
自引率
17.20%
发文量
28
期刊介绍: As the globalization of markets continues at a rapid pace, business practitioners and educators alike face the challenge of staying current with the developments. Marketing managers require a source of new information and insights on international business events. International marketing educators require a forum for disseminating their thoughts and research findings. Journal of International Marketing(JIM) is an international, peer-reviewed journal dedicated to advancing international marketing practice, research, and theory. Contributions addressing any aspect of international marketing management are published each quarter.
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