Abstract
The study investigated “Building Ecological Civilization: the Importance of Promoting Green Investments by Chinese Companies” to examine the complex connections between the factors affecting Chinese businesses’ ecological performance (EP). An autoregressive distributed lag (ARDL) model is used in the study to analyze the impact of green investments (GI), the policy environment (PE), government support (GS), public awareness and perception (PAP), and technological capability (TC) on companies’ earnings per share (EPS). The results show a strong correlation between GI and EP, indicating that businesses’ growing use of green initiatives is essential for raising environmental sustainability. The study also shows that PE, TC, and EP have an inverse relationship, indicating the need for more supportive governmental policies and regulations and the effective adoption and implementation of green technologies. The interaction of GS and PAP significantly reduces the ecological impact of green investments, highlighting the significance of citizen involvement and the role of government in advancing ecological civilization. The findings also demonstrated that green investments, policy environments, public perception, and technology influence the ecological performance of businesses. They also demonstrate statistical robustness with low p-values. This information is essential for developing policies that support an ecological civilization, which is necessary for China and globally in light of the current climate crisis.
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Liangwei Li: conceptualization, data curation, methodology, writing — original draft; Defang Ma: data curation, visualization, supervision; Jingyi Zhang: editing, writing — review and editing, and software.
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Ma, D., Li, L. & Zhang, J. Building ecological civilization: the importance of promoting green investments by Chinese companies. Environ Sci Pollut Res 30, 115279–115294 (2023). https://doi.org/10.1007/s11356-023-30132-4
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DOI: https://doi.org/10.1007/s11356-023-30132-4