Can Civilized City Construction Promote Enterprise Green Innovation?

Xuwei Tang (), Qi Zhang, Chunxin Li, Haitao Zhang and Haiyun Xu
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Xuwei Tang: School of Economics and Management, China University of Petroleum-Beijing, Beijing 102249, China
Qi Zhang: School of Economics and Management, China University of Petroleum-Beijing, Beijing 102249, China
Chunxin Li: CNPC Economics and Technology Research Institute, Beijing 100120, China
Haitao Zhang: CNPC Managers Training Institute, Beijing 100096, China
Haiyun Xu: CNPC Natural Gas Sales Branch, Beijing 100007, China

Sustainability, 2024, vol. 16, issue 8, 1-20

Abstract: The existing research shows that when facing the trade-off between economic benefits and green innovation, enterprises often prioritize economic gains, and how to promote enterprise green innovation (EGI) has become a pressing issue that needs to be solved at this stage. Against this backdrop, China’s Civilized City Construction (CCC) policy, which emphasizes the coordinated development of economic, political, ecological, and spiritual civilization, places higher demands on enterprise environmental behaviors. This creates an opportune moment to investigate the relationship between urban governance policies and EGI. In this study, we employ a Difference-in-Differences (DID) model to examine whether the CCC policy can promote EGI and reveal its underlying mechanisms. The research findings indicate that CCC significantly promotes EGI. The policy improves EGI levels by strengthening regional environmental regulations and increasing environmental subsidy levels. This finding provides lessons for advancing enterprise sustainability strategies and new perspectives for global urban governance policy formulation and implementation.

Keywords: Civilized City Construction policy; enterprise green innovation; Difference-in-Differences mode; regional environmental regulations (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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