Smart City Gnosys
Smart city article details
| Title | Can Smart City Policies Enhance Corporate Environmental Performance? Evidence From China |
|---|---|
| ID_Doc | 13323 |
| Authors | Shao H.; Tang X.; Xiao X.; Ma Y.; Lin Z. |
| Year | 2024 |
| Published | Environment, Development and Sustainability |
| DOI | http://dx.doi.org/10.1007/s10668-024-05427-2 |
| Abstract | Smart city policies, pivotal to fostering sustainable urban growth, can profoundly affect the micro-strategies of corporations, including strategic planning and operational tactics, ultimately shaping their environmental performance. In this study, we delve into the influence of smart city policies on the environmental performance of Chinese corporations, drawing on a comprehensive dataset from A-share listed companies nearly two decades, from 2003 to 2020. By applying a staggered differences-in-differences methodology, our findings indicate a significant enhancement in corporate environmental performance due to smart city policies. Mechanism analysis uncovers that the enhancement stems from a surge in green technology innovation and the embrace of digital transformation. Moreover, the policies are found to notably amplify environmental performance in Eastern China's corporations, among those subject to stringent environmental regulations, and notably within the high-tech and non-state-owned sectors. The findings underscore the pivotal role of smart city policies in bolstering corporate sustainability, offering policymakers critical insights to foster sustainable urban development. The research highlights the crucial need for tailored policy implementations that can optimize environmental gains across various regions and enterprise types. © The Author(s), under exclusive licence to Springer Nature B.V. 2024. |
| Author Keywords | Corporate environmental performance; Green Technology Innovation; Smart city; Staggered DID |
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