 How does environmental policy uncertainty influence corporate green investments?Yingde Hu, Wensong Bai, Muhammad Farrukh and Chun Kwong Koo Technological Forecasting and Social Change, 2023, vol. 189, issue C Abstract: Although environmental policy uncertainty is becoming prominent in emerging economies, such as China, the existing literature ignores its effect. In this study, we divided environmental policy uncertainty into policy content uncertainty (PCU) and policy enforcement uncertainty (PEU) and examined the influence of environmental policy uncertainty on corporate green investments based on survey data from Zhejiang Province, China. The results show that environmental policy uncertainty, regardless of PCU or PEU, can significantly inhibit corporate green investments. We found that executives' environmental awareness could not increase corporate green investments but significantly moderated the relationship between PEU and corporate green investments. We conclude that the government should keep environmental policies stable and enhance the capacity to develop policy enforcement priorities to ease PEU and improve the effectiveness of environmental policies. Keywords: Environmental policy uncertainty; Executives' environmental awareness; Corporate green investments; Attention-based view (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:189:y:2023:i:c:s004016252300015x DOI: 10.1016/j.techfore.2023.122330 Access Statistics for this article Technological Forecasting and Social Change is currently edited by Fred Phillips More articles in Technological Forecasting and Social Change from Elsevier |
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