The impact of public participation in environmental governance on the technical efficiency of enterprise

Xinghua Cao and Hao Chen

Finance Research Letters, 2024, vol. 62, issue PA

Abstract: This paper investigates the impact of public participation in environmental governance on the technical efficiency at the firm-level. Using the stochastic frontier method to measure the technological efficiency, we find that the average technical efficiency of enterprises has gradually increased, and the distribution of technical efficiency of enterprises varies by region. We further show that public participation in environmental governance can significantly improve enterprises’ technical efficiency. Finally, the heterogeneity analysis shows that our findings are more pronounced in state-owned firms and small firms.

Keywords: Public environmental participation; Enterprise technical efficiency; Environmental pollution control; Stochastic frontier method (search for similar items in EconPapers)
JEL-codes: G19 G41 L25 L53 M14 O16 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001429

DOI: 10.1016/j.frl.2024.105112

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