文献类型：期刊文献

英文题名：Do environmental regulations hamper small enterprises' market entry? Evidence from China

作者：Li, Guangqin[1];Lu, Shiyu[2];Shao, Shuai[3,4];Yang, Lili[5];Zhang, Ke[6]

机构：[1]Anhui Univ Finance & Econ, Sch Int Trade & Econ, Bengbu, Peoples R China;[2]Zhejiang Agr & Forestry Univ, Jiyang Coll, Zhuji, Peoples R China;[3]East China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China;[4]Shanghai Univ Finance & Econ, Sch Urban & Reg Sci, Shanghai, Peoples R China;[5]Shanghai Lixin Univ Accounting & Finance, Sch Int Econ & Trade, Shanghai, Peoples R China;[6]East China Univ Polit Sci & Law, Business Sch, Shanghai, Peoples R China

年份：2021

卷号：30

期号：1

起止页码：252

外文期刊名：BUSINESS STRATEGY AND THE ENVIRONMENT

收录：;WOS:【SSCI(收录号:WOS:000560460300001)】；

基金：Research Project of Anhui University of Finance and Economics: Green Development Effect of China's Green Credit Policy; Shanghai Soft Science Research Program, Grant/Award Number: 20692103100; Natural Science Foundation of Zhejiang Province in China, Grant/Award Number: LY18G030014; National Top-Notch Young Talent Support Program of China; National Key Research and Development Program of China, Grant/Award Number: 2016YFA0602500; National Social Science Foundation of China, Grant/Award Number: 18ZDA051; National Natural Science Foundation of China, Grant/Award Numbers: 71503168, 71773075, 71922015

语种：英文

外文关键词：China; environmental regulations; instrumental variable; product innovation; R&D activities; small enterprises' (SEs') market entry

摘要：Due to the serious increase of environmental pollution in China, environmental regulations have become significantly stringent. Such regulations are playing an increasingly important role in the development of small enterprises (SEs) in China, especially in SEs' market entry. However, existing studies pay little attention to this issue. This paper investigates for the first time the effect of environmental regulations on SEs' market entry and the mechanism of environmental regulation effects in China. We consider two sets of panel data for the periods 2003-2010 and 2012-2015 in China. We also use the fixed effect model and the instrumental variable method to explore the role of environmental regulations in SEs' market entry. The results show that, overall, environmental regulations play a significantly positive and robust role in SEs' market entry. However, the mechanisms associated with the effect of environmental regulations on different innovative types of SEs differ. Environmental regulations promote the market entry of SEs with product innovation, but this impact is not significant for SEs with research and development (R&D) activities and R&D institutions. Our findings indicate that China's SEs prefer product innovation, which is a lower level innovative type, over R&D innovation, as a means to avoid the negative impact of stringent environmental regulations.