Environmental Regulations,Executive Incentive Perceptions,and Green Manufacturing in State-Owned Enterprises and Private-Owned Enterprises
Green manufacturing is a crucial pathway to achieving high-quality green development in the manufacturing industry and meeting the requirements of dual carbon goals.However,local entrepreneurs often have varying incentive preferences,leading to differences in the mechanisms through which environmental regulations affect executive incentive perceptions and executive incentive perceptions affect green manufacturing in state-owned enterprises(SOEs)and private-owned enterprises(POEs).Based on 297 questionnaires for executives in the manufacturing industry,a multigroup analysis was conducted.It was concluded that both command-and-control environmental regulations and market-based incentive environmental regulations positively affect green manufacturing,political incentive perceptions,and wealth incentive perceptions.The relationship between market-based incentive environmental regulations and political incentive perceptions is stronger in SOEs than in POEs.The relationship between market-based incentive environmental regulations and wealth incentive perceptions is stronger in POEs than in SOEs.In addition,both political incentive perceptions and wealth incentive perceptions positively influence green manufacturing.The relationship between political incentive perceptions and green manufacturing is stronger in SOEs than in POEs.The relationship between wealth incentive perceptions and green manufacturing is stronger in POEs than in SOEs.Moreover,the mediating effect of political incentives perceptions in the positive relationship between market-based incentive environmental regulations and green manufacturing is stronger in SOEs,and the mediating effect of wealth incentives perceptions in the positive relationship between market-based incentive environmental regulations and green manufacturing is stronger in POEs.Furthermore,environmental regulations and incentives perceptions have a stronger impact on green manufacturing in the building materials and construction manufacturing industries,as well as in the general equipment manufacturing industry.This paper enriches the impact mechanism of environmental regulations on green manufacturing in enterprises from executive incentives perceptions in SOEs and POEs,and extends the application of the stimulus-organism-response theoretical framework.