Influence mechanism of government subsidy on the green transformation of coal company in China

Xiaolei Li ¹Changsong Wu²

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作者信息

1. School of Management,China University of Mining and Technology-Beijing,Beijing 100083,China
2. School of Economics and Management,China University of Mining and Technology,Xuzhou 221116,China
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Abstract

The optimization of government subsidies to enhance the efficiency of coal companies'green transforma-tion constitutes a critical component in the pursuit of global sustainability.We investigate the influence mechanism of government subsidies on the green transformation using data from the listed coal compa-nies in China from 2007 to 2022.According to our findings and hypothesis testing,previous government subsidies did not have a significant direct impact on coal companies'green transformation.Nevertheless,government subsidies can help coal companies transition to greener practices by promoting innovative green initiatives.Furthermore,we confirmed an indirect route:that government subsidies enable the adoption of low-carbon initiatives,which in turn could facilitate the transition of coal companies towards green practices.In addition,we discovered that the coal company's digitization will improve this indirect route.Thus,we propose increasing the effectiveness of government subsidies in facilitating coal compa-nies'transition to green practices by focusing on technological advancements and enhancing company digitalization.

Key words

Government subsidy/Green transformation/Coal company/Digitalization/Innovation

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基金项目

China National Natural Sciences Fund Project(71874190)

China National Natural Sciences Fund Project(72403233)

Jiangsu Provincial Department of Science and Technology Program(Innovation Support Program Soft Science Research)(BR2023016-4)

China Postdoctoral Science Foundation(2024M753503)

Key Projects Funded by Jiangsu Social Science Fund(21GLA003)

Ministry of Education of Humanities and Social Science Project()

出版年

2024

矿业科学技术学报(英文版)

中国矿业大学

矿业科学技术学报(英文版)

CSTPCDCSCDEI

影响因子：1.222

ISSN：2095-2686

参考文献量49

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