Can Environmental Information Disclosure Improve Energy Efficiency in Manufacturing? Evidence from Chinese Enterprises

Improving the energy efficiency of enterprises is one of the key means to solve the problem of energy shortage. It is of great significance to investigate how environmental information disclosure (EDI) promotes the green total factor energy efficiency (GTFEE) of enterprises. Based on this, this stud...

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Published inEnergies (Basel) Vol. 17; no. 10; p. 2342
Main Authors Tan, Linfang, Gao, Da, Liu, Xiaowei
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.05.2024
Subjects
Alternative energy sources
China
Coal
Costs
difference-in-difference model
Disclosure
Disclosure of information
Energy consumption
Energy efficiency
Energy industry
Energy management systems
Energy resources
Energy use
environmental information disclosure
Green building (Construction)
Manufacturing
manufacturing enterprises’ GTFEE
Manufacturing industry
mechanism test
Natural resources
Nuclear energy
Pollution
Pollution control
Renewable resources
Sustainable development
China
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Abstract Improving the energy efficiency of enterprises is one of the key means to solve the problem of energy shortage. It is of great significance to investigate how environmental information disclosure (EDI) promotes the green total factor energy efficiency (GTFEE) of enterprises. Based on this, this study calculates the GTFEE of enterprises by combining the database of Chinese manufacturing and the pollutant emission of industrial enterprises and investigates the impact of EDI on the GTFEE of manufacturing industries by using a difference-in-difference model. The following is found: (1) EDI can significantly promote the manufacturing enterprises’ GTFEE, and the results are still valid after a series of robustness tests; (2) Mechanism analysis shows that EDI can improve the GTFEE of manufacturing enterprises by promoting technological innovation and optimizing energy structure; (3) The heterogeneity analysis shows that EID is more positive on firms’ GTFEE in the eastern than western regions. The positive impact is greater for non-state-owned, low-energy consumption, export, and polluting enterprises. The findings of this paper provide a theoretical basis and practical enlightenment for the government to promote the green development transformation of enterprises.
AbstractList Improving the energy efficiency of enterprises is one of the key means to solve the problem of energy shortage. It is of great significance to investigate how environmental information disclosure (EDI) promotes the green total factor energy efficiency (GTFEE) of enterprises. Based on this, this study calculates the GTFEE of enterprises by combining the database of Chinese manufacturing and the pollutant emission of industrial enterprises and investigates the impact of EDI on the GTFEE of manufacturing industries by using a difference-in-difference model. The following is found: (1) EDI can significantly promote the manufacturing enterprises’ GTFEE, and the results are still valid after a series of robustness tests; (2) Mechanism analysis shows that EDI can improve the GTFEE of manufacturing enterprises by promoting technological innovation and optimizing energy structure; (3) The heterogeneity analysis shows that EID is more positive on firms’ GTFEE in the eastern than western regions. The positive impact is greater for non-state-owned, low-energy consumption, export, and polluting enterprises. The findings of this paper provide a theoretical basis and practical enlightenment for the government to promote the green development transformation of enterprises.
Audience Academic
Author Liu, Xiaowei
Tan, Linfang
Gao, Da
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SubjectTerms Alternative energy sources
China
Coal
Costs
difference-in-difference model
Disclosure
Disclosure of information
Energy consumption
Energy efficiency
Energy industry
Energy management systems
Energy resources
Energy use
environmental information disclosure
Green building (Construction)
Manufacturing
manufacturing enterprises’ GTFEE
Manufacturing industry
mechanism test
Natural resources
Nuclear energy
Pollution
Pollution control
Renewable resources
Sustainable development
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Title Can Environmental Information Disclosure Improve Energy Efficiency in Manufacturing? Evidence from Chinese Enterprises
URI https://www.proquest.com/docview/3059466304
https://doaj.org/article/06650b661148436b8d5b0ea47cb3ac72
Volume 17
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