Promoting firms’ energy-saving behavior: The role of institutional pressures, top management support and financial slack

Promoting firms’ energy-saving behavior: The role of institutional pressures, top management support and financial slack
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促进企业节能行为:制度压力、高层管理支持和财务宽松的作用

DOI:
10.1016/j.enpol.2018.01.003
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发表时间:
2018-04
期刊:
影响因子:
9
通讯作者:
Guanghui Zhou
Guanghui Zhou
中科院分区:
经济学2区
文献类型:
--
作者:
Guanghui Zhou

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作为能源消费大国之一,中国在降低能源消耗和碳排放方面面临巨大压力。企业,特别是高能耗企业,被视为提高能源效率的关键要素。尽管中国政府制定了许多相关政策,但仍有相当数量的企业没有采取积极的节能活动。因此,研究企业节能行为的影响因素具有重要意义。基于制度理论,本文构建了一个模型来探讨外部压力与企业节能行为之间的关系。重要的是,我们研究了高层管理人员的支持在外部压力与企业节能行为之间的联系中的作用,以及财务松弛的调节作用。利用从中国企业收集的调查数据对该模型进行了实证检验。结果表明,高层管理者的支持对企业节能行为有正向影响。指挥控制工具、模仿压力和财务松弛通过高层管理支持影响企业节能行为,而激励压力和规范压力直接影响企业节能行为。此外,财务松弛正向调节高层管理者支持对企业节能行为的影响。基于实证结果,本文讨论了如何促进企业节能行为的政策含义。
As one of the major energy-consuming countries, China is under great pressure to reduce energy consumption and carbon emissions. Companies, especially those with high energy consumption, are considered as key elements to improve energy efficiency. Although the Chinese government has made many related policies, there are still a substantial number of companies that have not adopted proactive energy-saving activities. Thus, it is important to study factors influencing firms’ energy-saving behavior. Drawing on institutional theory, we build a model to explore the relationship between external pressures and firms’ energy-saving behavior. Importantly, we investigated the role of top management support in linking external pressures to firms’ energy-saving behavior and the moderating role of financial slack. The model was empirically examined using survey data collected from firms in China. Results show that top management support positively influences firms’ energy-saving behavior. Command-and-control instruments, mimetic pressure and financial slack influence firms’ energy-saving behavior through top management support, whereas incentive pressure and normative pressure have direct effects on firms’ energy-saving behavior. Furthermore, financial slack positively moderates the effect of top management support on firms’ energy-saving behavior. Based on the empirical results, policy implications on how to promote firms’ energy-saving behavior are discussed.
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