Research on Stability of Green Transformation Strategy of Manufacturing Enterprises under Multi-dimensional Environmental Regulation

Yan Qin, Sufeng Li, Haiyong Jiang, Zhenyu Chen and Chuanlong Ma
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Yan Qin: School of Business, Guilin University of Technology, Guilin, China
Sufeng Li: School of Business, Guilin University of Technology, Guilin, China
Haiyong Jiang: School of Business, Guilin University of Technology, Guilin, China
Zhenyu Chen: Affairs Service Center of Ecological Environment of Liaoning Province, Shenyang, China
Chuanlong Ma: Business Management of Business School, University of Sheffield, Sheffield, UK

Review of Economic Assessment, 2023, vol. 2, issue 2, 75-96

Abstract: Giving full play to the interaction of multi-dimensional environmental regulation is an important method to accelerate the green transformation of manufacturing enterprises which is a significant way to achieve carbon peaking and carbon neutrality goals. Based on the theory of evolution game, a green transformation strategy evolution game model participated by the government, consumers, and manufacturing enterprises has been constructed. Stability research is conducted based on the behavioral mode of the three parties participating subjects and the paper uses MATLAB for numerical simulation to analyze the impact of environmental regulations of different dimensions on the green transformation of enterprises. The research shows that: (1) When the government adopts a single environmental regulation of carbon emission right transaction or green consumption subsidy, it will not affect the choice of green transformation strategies of the enterprise. (2) When the government adopts a single environmental regulation of environmental protection tax, it only promotes enterprises to choose green transformation strategies under limited conditions. (3) Under the multi-dimensional environmental regulations of the government, by affecting the cost and income of enterprise green technology innovation, consumers’ green consumption behavior, and the manufacturing enterprises choose green transformation as a stable strategy. Therefore, the government should give full play to the role of multi-dimensional environmental regulations in promoting consumers' green consumption and enterprises’ green technology innovation to accelerate the green transformation of manufacturing enterprises.

Keywords: Multi-dimensional environmental regulation; Green consumption; Green transformation of manufacturing enterprises; Three-party evolution game (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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