Intensity of environmental regulation, integration of digital and physical realms, and level of corporate green development

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2025-05-01 Epub Date: 2025-03-04 DOI:10.1016/j.frl.2025.107138

Yu Xiao , Junxian Wu , Yongqian Tu

引用次数: 0

Abstract

This study analyzes Chinese listed companies from 2010 to 2022, examining the relationship between environmental regulation intensity, digital and physical realm integration, and corporate green development level. Findings show that increased environmental regulatory stringency increases corporate green development levels in a non-linear, inverted “U”-shaped pattern. Notably, the integration of digital and physical realms exerts a negative moderating effect on this relationship. This effect is particularly pronounced in high-tech industries and non-heavily polluting enterprises, where the moderating impact of digital and physical realms is more accentuated than in other enterprise categories.

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

环境监管力度、数字与实体领域融合程度、企业绿色发展水平

本研究以2010 - 2022年中国上市公司为分析对象，考察了环境监管强度、数字和实体领域整合与企业绿色发展水平的关系。研究结果表明，环境监管力度的提高提高了企业绿色发展水平，并呈非线性倒“U”型增长。值得注意的是，数字和物理领域的整合对这种关系产生了负向调节作用。这种影响在高科技工业和非重污染企业中特别明显，在这些企业中，数字和实物领域的缓和影响比其他企业类别更为突出。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文去求助

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance