From the perspective of enterprise groups,it is of great practical significance for the green transformation of Chinese enterprises and the achievement of carbon peaking and carbon neutrality goals to focus on how to promote energy conservation and emission reduction of enterprises.Based on the"structure determines strategy"theory and resource-based theory,an empirical analysis is conducted with A-share listed companies from 2003 to 2020 in China as our research samples.The results show that enterprise groups can effectively promote energy conservation and emission reduction of enterprises.Further research finds that enterprise groups promote energy conservation and emission reduction by improving the level of green innovation and changing the cost structure. After the discussion on the heterogeneity of property rights and geographical location,it is found that the role of enterprise groups in promoting energy conservation and emission reduction is particularly significant for state-owned enterprises.Furthermore,the effect is stronger in the central region than that in the western region, while the weakest impact is observed in the eastern region.
关键词
企业集团/组织形式/企业节能减排/绿色创新/可持续发展
Key words
enterprise groups/organizational form/energy conservation and emission reduction of enterprises/green innovation/sustainable development
万方数据