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

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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.

Government subsidyGreen transformationCoal companyDigitalizationInnovation

Xiaolei Li、Changsong Wu

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School of Management,China University of Mining and Technology-Beijing,Beijing 100083,China

School of Economics and Management,China University of Mining and Technology,Xuzhou 221116,China

China National Natural Sciences Fund ProjectChina National Natural Sciences Fund ProjectJiangsu Provincial Department of Science and Technology Program(Innovation Support Program Soft Science Research)China Postdoctoral Science FoundationKey Projects Funded by Jiangsu Social Science FundMinistry of Education of Humanities and Social Science Project

7187419072403233BR2023016-42024M75350321GLA003

2024

10.1016/j.ijmst.2024.07.013

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)

CSTPCDEI
影响因子：1.222
ISSN：2095-2686
年,卷(期)：2024.34(7)