Political promotion events and energy conservation decisions: Evidence from China
Political promotion events and energy conservation decisions: Evidence from China
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政治推动活动与节能决策：来自中国的证据
DOI：
10.1016/j.eneco.2021.105135
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发表时间：
2021-01-31
期刊：
影响因子：
12.8
通讯作者：
Guo, Yuemei
中科院分区：
文献类型：
--
作者：
Kong, Gaowen;Ji, Mianmian;Guo, Yuemei
结合中国的政治宣传活动，我们考察了政治家如何影响当地企业的节能减排行为。我们发现，政治晋升显著提高了ECER，这种影响对具有政治关系的公司和面临较高财务约束的公司尤为明显。我们还探讨了这种关系背后的一种可能的机制：出于政治原因从事ECER的公司可能会得到额外的政府补贴。总体而言，这项研究从当地政客对职业生涯的关切和ECER的经济后果的角度阐明了公司ECER的决定因素。(C)2021年爱思唯尔公司保留所有权利。
Considering political promotion events in China, we investigate how politicians affect the energy conservation and emission reduction (ECER) behaviors of local firms. We find that political promotion significantly increases ECER and that this effect is particularly pronounced for firms with political connections and firms facing high financial constraints. We also explore a possible mechanism underlying this relationship: firms engaging in ECER for political reasons may be rewarded with additional government subsidies. Overall, this study sheds light on the determinants of firms' ECER from the perspective of the career concerns of local politicians and the economic consequences of ECER.(c) 2021 Elsevier B.V. All rights reserved.