Data on Environmental Science Described by Researchers at Hebei Agricultural University (Environmental pollution liability insurance and green innovation of enterprises: Incentive tools or self-interest means?): Environment – Environmental Science

2023 JAN 27 (NewsRx) -- By a News Reporter-Staff News Editor at Ecology Daily News -- New research on environmental science is the subject of a new report. According to news reporting from Baoding, People’s Republic of China, by NewsRx journalists, research stated, “The existing theoretical research on environmental liability insurance mainly focuses on system construction, development status and other aspects, and mainly consists of normative research, with relatively little empirical research.”

The news correspondents obtained a quote from the research from Hebei Agricultural University: “This paper uses empirical research methods to explore the impact of environmental liability insurance on the green innovation of enterprises and examines the driving role of environmental liability insurance in green innovation from the perspective of green governance. This paper, based on the list of enterprises purchasing environmental pollution liability insurance (EPLI) as published by the Ministry of Ecology and Environment, explores the impact of EPLI on the green innovation of enterprises. It is found that purchasing EPLI can significantly improve the green innovation of enterprises. The effect path test shows that EPLI can promote the green innovation of enterprises by relaxing financing constraints and reducing agency costs. The heterogeneity scenario test shows that compared with non-state-owned enterprises, non-heavily polluting enterprises, and enterprises in regions with a lower intensity of environmental regulation, EPLI plays a stronger role in the promotion of green innovation of state-owned enterprises, heavily polluting enterprises and enterprises in regions with a higher intensity of environmental regulation. In addition, it is found that the promotion effect of EPLI on green innovation is mainly reflected in the significant improvement of high-quality green innovation and the optimization of the structure of the green patent output.”

According to the news reporters, the research concluded: “This paper affirms the positive role of EPLI on the green operations of enterprises and provides empirical evidence that green insurance serves the development of the green innovation of enterprises.”

For more information on this research see: Environmental pollution liability insurance and green innovation of enterprises: Incentive tools or self-interest means?. Frontiers in Environmental Science, 2023,11. (Frontiers in Environmental Science - http://www.frontiersin.org/environmental_science). The publisher for Frontiers in Environmental Science is Frontiers Media S.A.

A free version of this journal article is available at https://doi.org/10.3389/fenvs.2023.1077128.

Our news editors report that more information may be obtained by contacting Jinhui Ning, College of Economics and Management, Hebei Agricultural University, Baoding, People’s Republic of China. Additional authors for this research include Zeming Yuan, Fang Shi, Shi Yin.

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