Do foreign peers bring green wind? Evidence from China

Jingyi Gao, Yue Jin and Fengchun Li

Finance Research Letters, 2021, vol. 38, issue C

Abstract: The role of foreign firms in energy efficiency improvement in developing countries is far from being evident. Using a novel dataset, this paper investigates the energy-type spillover effects of foreign firms on domestic firms. In addition, we examine the heterogeneous relation between different industry categories and industrial pollution degrees. Furthermore, to eliminate the potential bias originating from truncated distribution and inversed causality, we implemented various robustness checks. Derived from those findings a clear policy recommendation can be made. This policy implication is to foster the establishment of foreign firms to profit from the positive energy efficiency spillover effects.

Keywords: Foreign spillover; Energy efficiency; Heterogenous effects (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:38:y:2021:i:c:s1544612319308311

DOI: 10.1016/j.frl.2020.101439

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