AUTHOR=Chen Wenzhi , Chen Shi , Wu Tingting 

TITLE=Research of the Impact of Heterogeneous Environmental Regulation on the Performance of China’s Manufacturing Enterprises

JOURNAL=Frontiers in Environmental Science

VOLUME=Volume 10 - 2022

YEAR=2022

URL=https://www.frontiersin.org/journals/environmental-science/articles/10.3389/fenvs.2022.948611

DOI=10.3389/fenvs.2022.948611

ISSN=2296-665X

ABSTRACT=Promoting high-quality economic development with high-level ecological protection is one of the important tasks in China's new stage of development. Considering the heterogeneity of environmental regulations and the effect of the interaction between heterogeneous environmental regulations on enterprise performance, this paper uses the data of Chinese listed manufacturing firms from 2010 to 2019 to conduct empirical research using fixed effect model, mediating effect model and moderating effect model. The results show that command-and-control environmental regulation inhibits the performance improvement of manufacturing enterprises, while market-based environmental regulation enhances performance by improving the technological innovation level of enterprises. Market-based environmental regulation will alleviate the disincentive effect of command-control environmental regulation on enterprise performance.