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Analysis of the characteristics of the cities in the Yangtze River Delta involved in the first round of the Central Inspections of Environmental Protection (batches 1 and 2).
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As an important part of China’s ecological civilization, the impact of the Central Inspections of Environmental Protection (CIEP) on the development of a green economy has been widely recognized. This article uses the first round of the Central Inspections of Environmental Protection (CIEP) and the “look-back” in cities above the prefecture level i...
Context in source publication
Context 1
... paper will, therefore, look back at the 2016 reports of the Yangtze River Delta region. Therefore, in this paper, the 13 municipalities in Jiangsu and Shanghai, which were inspected by the Central Inspections of Environmental Protection in 2016 in the Yangtze River Delta region, are used as the treatment group of the multi-period double difference model, while the other 27 municipalities are used as the control group of the study.An analysis of the characteristics of the cities in the Yangtze River Delta involved in the first round of Central Environmental Protection Inspectors is shown in Table 1. ...Similar publications
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Citations
... This disparity can be attributed to the fact that the three major economic zones have undergone significant industrial restructuring, which includes the establishment of free trade zones, the development of a green sharing economy, and the creation of model cities for ecological civilization Table 9 Heterogeneity analysis based on the nature of business ownership construction. Additionally, central environmental protection inspections have imposed stringent requirements on environmental management (Chen & Shen, 2022), rendering these zones somewhat "immune" to the effects of the new law. Conversely, other regions are relatively less developed, with weaker government environmental regulation and lower environmental awareness among enterprises. ...
The urgency of protecting our planet cannot be overstated. This paper employs Agency Cost Theory, utilizing "the new EPA" as a case study and the difference-in-difference (DID) model to analyze A-share-listed companies in heavily polluting sectors (2012–2018). The research demonstrates that the implementation of the new EPA leads to a sustained enhancement in the financial performance (UnEBIT) of heavily polluting enterprises. Furthermore, the analysis of the mediating effect from a principal-agent perspective reveals that agency costs play a partially mediating role in the relationship between the new EPA and financial performance. The adoption of the new EPA reduces information asymmetry between shareholders and executives, thereby contributing to the improvement in financial performance. Additionally, when examining the diversity among economic regions and the nature of property rights, it is observed that agency costs have a partially mediating role in the three major economic regions. Notably, heavily polluting state-owned enterprises display heightened sensitivity to the implications of the new EPA, indicating a proactive leadership role. These findings have significant implications for enhancing the financial performance of listed companies operating in heavily polluting industries, as well as for contributing to the attainment of carbon peaking and carbon neutrality objectives while advancing the development of China's legal framework.
... By engaging in top-down political mobilization, local environmental inspectors complement China's conventional environmental governance. CIEP can scrutinize and evaluate the environmental supervision efforts of local governments, identify environmental issues, and rectify them timely (Chen and Shen, 2022). It also reinforces the regulation of highcarbon enterprises and boosts the enforcement of regulations, thus influencing carbon intensity (Jia and Chen, 2019). ...
... That is, the CIEP may decrease carbon emission intensity by facilitating energy utilization efficiency, and thus Hypothesis 2 is confirmed. Under the CIEP's pressure, local governments will increase their contributions to environmental management which is represented by high carbon emissions as well as their efforts to upgrade and renovate energy-related infrastructure to increase energy utilization efficiency and reduce the intensity of carbon emissions (Liu et al., 2022c;Chen and Shen, 2022). Column (2) of Table 10 reveals that the CIEP boosts government environmental attention at a 1% significance level. ...
Circular economy (CE) is a holistic approach to sustainable development that aims to minimize waste and make the most of resources [...]
