Does Financial Development Affect Environmental Degradation? Evidence from the OECD Countries

In this study, building a simple model that incorporates static and dynamic elements, the relationship of financial development and economic growth to environmental degradation is investigated together with the validation of the Environmental Kuznets Curve (EKC) hypothesis. Our analysis is based on an unbalanced panel data set covering the OECD countries over the period 1970–2014. Our approach thoroughly accounts for the presence of cross‐sectional dependence between the sample variables and utilizes second generation panel unit root tests in order to investigate possible cointegration relationships. The empirical findings do indicate that local (NO_x per capita emissions) and global (CO₂ per capita emissions) pollutants redefine the EKC hypothesis when we account for the presence of financial development indicators. Specifically, in the case of global pollution an N‐shape relationship is evident in both static and dynamic frameworks, with a very slow adjustment. Lastly, our study calls for a strengthening of the effectiveness of environmental degradation policies by ensuring sustainability of the OECD banking system in order to drastically reduce emissions. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment     

环境约束条件下中国城市经济效率测度

利用2005-2008年期间28个主要城市的面板数据,实证测度了DEA方法中CCR模型与SBM模型下的城市经济效率,并进行了各城市的区域比较分析。在此基础上,运用面板数据模型研究发现,城市化率、市辖区面积和经济结构对城市经济效率起抑制作用,外商投资则起促进作用。最后,提出了相关的政策建议。     

环境规制与政府创新补贴对企业绿色产品创新的影响

本文选取企业绿色技术创新中的绿色产品创新为研究对象,利用面板门槛模型,实证检验了环境规制与政府创新补贴对企业绿色产品创新的影响。结果显示,环境规制和政府创新补贴对企业绿色产品创新存在非线性影响。政府创新补贴对企业绿色产品创新的影响主要表现为挤出效应,而环境规制在适度区间内对企业绿色产品创新产生显著的正向促进效应,且这种效应不会因为加入政府创新补贴而发生改变。因此,应在适度的环境规制区间内,优化政府补贴的方式,多采用其他方式对企业绿色产品创新给予支持而非提供直接性资金补贴,从而加快企业绿色产品创新的步伐。     

论环境法基本原则之可持续发展原则

文章在阐述可持续发展原则的法律含义、提出背景和理论依据的基础上,结合其在我国环境法中的具体体现,对其是否应当成为我国环境法的基本原则进行了细致探究。     

Does Innovation Drive Environmental Disclosure? A New Insight into Sustainable Development

Sustainable development is a hot topic in business and the media, and there is a growing demand for reliable environmental disclosure from a wide range of stakeholders. Ethical performance, including social and environmental performance, is actively scrutinized. A firm's stakeholders expect reliable disclosure to correctly assess its performance. Research on the link between environmental disclosure and environmental performance shows mixed results. Both a positive and a negative association have been found. This study reexamines this association by considering environmental innovation as a key determinant of environmental disclosure. We find that environmental performance and environmental innovation jointly determine environmental disclosure. At low levels of environmental performance, innovative firms tend to disclose more than their non‐innovative counterparts to inform stakeholders about their innovation and strategy to obtain an improved environmental performance. This disclosure gap tends to diminish as innovative firms become better environmental performers. The higher levels of environmental disclosure are closely associated with firms' environmental performance for both groups. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment     

我国绿色金融发展的现状分析及建议

随着我国生态环境问题的日渐突出以及可持续发展理念的深入发展,绿色金融这一新兴形式受到更多的关注。在疫情影响下,促进绿色增长、助推绿色复苏也受到了更多的重视。近年来,我国在绿色金融体系的建设上有所成就,但我国绿色金融仍存在着相关法律法规不健全等问题。论文结合我国现状,对未来绿色金融的发展提出建议,以期促进其更长远地发展。     

环境保护与企业可持续发展的互动研究

环境保护与企业可持续发展之间存在对立统一的辩证关系,环境保护是可持续发展的前提和必要条件,可持续发展又为环境保护提供了资金和技术支持.当前,社会上存在两者相冲突的现象,这源于企业自身责任感缺失、生产技术落后、管理缺位、某些政府部门监管不力及环保政策设计存在漏洞等多重原因.从环保角度来看,企业要实现可持续发展,除了企业自身的努力外,政府、司法机关应加大对企业的监管和服务,积极推广排污交易权制度,开征环境税.     

How does stakeholder engagement through environmental,social, and governance affect eco-efficiency and profitability efficiency? Zooming into Apple Inc.'s counterparts

As global ecological degradation intensifies, a trade-off has arisen between environmental protection and production efficiency to achieve sustainable development for the environment, society, and the company itself. However, the potential reverse causality relationship between environmental, social, and governance (ESG) and corporate efficiency may lead to confusion. This study estimates the eco-efficiency of Apple Incorporated's value-chain counterparts in the first stage and creates values and profitability in the second stage of efficiency evaluation. Results obtained from the (i) directional distance function in the two-stage data envelopment analysis (DEA), (ii) additive efficiency decomposition two-stage network DEA model, and (iii) network slacks-based measure model are consistent. That is, Apple counterparts manage more efficient eco-efficiency than profitability efficiency, implying that eco-efficiency is their competitive advantage. We thus also run a regression analysis to examine how the ESG ratings of Apple counterparts explain their eco-efficiency and profitability efficiency. Although the overall ESG rating positively explains the efficiencies, we found that the individual governance rating shows no statistically significant effect. The regression results provide insight for practitioners on the importance of investing in the three aspects of a firm's collective conscientiousness for societal and environmental governance. This paper integrates companies' eco-efficiency and profitability efficiency to resolve the conflict between environmental issues and production efficiency. It also analyzes in depth the effects of ESG and its three individual factors on eco-, profitability, and average efficiencies. The diversity of research methods also provides new ideas for future research related to firm efficiency.     

从一般消费品召回透视美国的产品召回制度

基于较为完善的法律法规体系和详尽的技术标准体系,美国建立起一套以保证产品质量和维护消费者权益为中心的产品召回制度。美国的产品召回形式上是自愿性的,本质上却是强制性的,并在事实上对我国产品的出口形成了技术壁垒。