School of Management, Capital Normal University, Beijing, 100089, China.
School of Artificial Intelligence, Hebei University of Technology, Tianjin, 300130, China.
Environ Sci Pollut Res Int. 2023 Nov;30(54):115279-115294. doi: 10.1007/s11356-023-30132-4. Epub 2023 Oct 25.
The study investigated "Building Ecological Civilization: the Importance of Promoting Green Investments by Chinese Companies" to examine the complex connections between the factors affecting Chinese businesses' ecological performance (EP). An autoregressive distributed lag (ARDL) model is used in the study to analyze the impact of green investments (GI), the policy environment (PE), government support (GS), public awareness and perception (PAP), and technological capability (TC) on companies' earnings per share (EPS). The results show a strong correlation between GI and EP, indicating that businesses' growing use of green initiatives is essential for raising environmental sustainability. The study also shows that PE, TC, and EP have an inverse relationship, indicating the need for more supportive governmental policies and regulations and the effective adoption and implementation of green technologies. The interaction of GS and PAP significantly reduces the ecological impact of green investments, highlighting the significance of citizen involvement and the role of government in advancing ecological civilization. The findings also demonstrated that green investments, policy environments, public perception, and technology influence the ecological performance of businesses. They also demonstrate statistical robustness with low p-values. This information is essential for developing policies that support an ecological civilization, which is necessary for China and globally in light of the current climate crisis.
该研究调查了“建设生态文明：中国企业推动绿色投资的重要性”，以检验影响中国企业生态绩效 (EP) 的因素之间的复杂关系。该研究采用自回归分布滞后 (ARDL) 模型分析了绿色投资 (GI)、政策环境 (PE)、政府支持 (GS)、公众意识和认知 (PAP) 以及技术能力 (TC) 对公司每股收益 (EPS) 的影响。研究结果表明，绿色投资与 EP 之间存在很强的相关性，这表明企业越来越多地采用绿色倡议对于提高环境可持续性至关重要。该研究还表明，PE、TC 和 EP 呈负相关，这表明需要更多支持性的政府政策和法规，以及绿色技术的有效采用和实施。GS 和 PAP 的相互作用显著降低了绿色投资的生态影响，突出了公民参与和政府在推进生态文明中的作用。研究结果还表明，绿色投资、政策环境、公众认知和技术影响企业的生态绩效。它们还通过低 p 值证明了统计稳健性。鉴于当前的气候危机，这些信息对于制定支持生态文明的政策至关重要，这对中国乃至全球都是必要的。
