Analysis of Green Technology Upgrading Strategy Based on Collaborative Incentive of Environmental Policy and Green Finance

Tan Xiuli (), Sun Zhaorong (), Chen Zhongquan () and Chen Zhisong ()
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Tan Xiuli: Business School, Yantai Nanshan University, Yantai265713, China
Sun Zhaorong: School of Letters and Science, University of California Santa Barbara, Santa Barbara, California93106, USA
Chen Zhongquan: Business School, Yantai Nanshan University, Yantai265713, China
Chen Zhisong: Business School, Deakin University, MelbourneVIC 3125, Australia

Journal of Systems Science and Information, 2021, vol. 9, issue 1, 61-73

Abstract: With the continuous development of economy, the bottleneck problem of environmental resources has become increasingly prominent. Enterprise environmental governance technology innovation incentive has become an important issue for the development of government, society and enterprises. Under the control of enterprise’s expected economic target, this paper discusses the synergistic incentive effect of environmental policy and green finance on enterprise’s environmental governance technology innovation decision by using nonlinear programming model. The results show that when the funds for environmental governance technological innovation are insufficient, there is an optimal decision space to use green financial loans to implement technological innovation and upgrade, and then achieve the expected economic goals; Under a given level of environmental governance technology, environmental policies affect whether enterprises can make decisions on technological innovation and upgrading of environmental governance; Green financial mechanism will not. However, when the enterprise makes the decision of environmental governance technology upgrading, it will affect the enterprise’s decision on green financial loan amount. The results of the study have guiding significance for the formulation of environmental policy and green financial policy, as well as the decision-making of enterprise environmental governance technology innovation and upgrading.

Keywords: environmental policy; green finance; environmental governance; technological innovation; optimal decision (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:jossai:v:9:y:2021:i:1:p:61-73:n:3

DOI: 10.21078/JSSI-2021-061-13

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