{"id":"https://openalex.org/W4414748735","doi":"https://doi.org/10.3390/en18195238","title":"Can Green Policy Enhance Corporate Environmental Performance? Evidence from China\u2019s New Energy Demonstration City Policy","display_name":"Can Green Policy Enhance Corporate Environmental Performance? Evidence from China\u2019s New Energy Demonstration City Policy","publication_year":2025,"publication_date":"2025-10-02","ids":{"openalex":"https://openalex.org/W4414748735","doi":"https://doi.org/10.3390/en18195238"},"language":"en","primary_location":{"id":"doi:10.3390/en18195238","doi":"https://doi.org/10.3390/en18195238","is_oa":true,"landing_page_url":"https://doi.org/10.3390/en18195238","pdf_url":"https://www.mdpi.com/1996-1073/18/19/5238/pdf?version=1759397795","source":{"id":"https://openalex.org/S198098182","display_name":"Energies","issn_l":"1996-1073","issn":["1996-1073"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","norway-1","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Energies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/1996-1073/18/19/5238/pdf?version=1759397795","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5067670442","display_name":"Ruotong Mona Liu","orcid":"https://orcid.org/0000-0002-4861-7160","observed_orcids":["https://orcid.org/0000-0002-4861-7160"]},"institutions":[{"id":"https://openalex.org/I111950717","display_name":"Macau University of Science and Technology","ror":"https://ror.org/03jqs2n27","country_code":"MO","type":"education","lineage":["https://openalex.org/I111950717","https://openalex.org/I4391767947"]}],"countries":["MO"],"is_corresponding":false,"raw_author_name":"Ruotong Liu","raw_affiliation_strings":["The Institute for Sustainable Development, Macau University of Science and Technology, Macao 999078, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Institute for Sustainable Development, Macau University of Science and Technology, Macao 999078, China","institution_ids":["https://openalex.org/I111950717"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Yike Wang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I111950717","display_name":"Macau University of Science and Technology","ror":"https://ror.org/03jqs2n27","country_code":"MO","type":"education","lineage":["https://openalex.org/I111950717","https://openalex.org/I4391767947"]}],"countries":["MO"],"is_corresponding":false,"raw_author_name":"Yike Wang","raw_affiliation_strings":["School of Business, Macau University of Science and Technology, Macao 999078, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business, Macau University of Science and Technology, Macao 999078, China","institution_ids":["https://openalex.org/I111950717"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5112857418","display_name":"Chengkun Liu","orcid":"https://orcid.org/0000-0001-8999-482X","observed_orcids":["https://orcid.org/0000-0001-8999-482X","https://orcid.org/0000-0002-6899-211X"]},"institutions":[{"id":"https://openalex.org/I111950717","display_name":"Macau University of Science and Technology","ror":"https://ror.org/03jqs2n27","country_code":"MO","type":"education","lineage":["https://openalex.org/I111950717","https://openalex.org/I4391767947"]}],"countries":["MO"],"is_corresponding":true,"raw_author_name":"Chengkun Liu","raw_affiliation_strings":["School of Business, Macau University of Science and Technology, Macao 999078, China","The Institute for Sustainable Development, Macau University of Science and Technology, Macao 999078, China"],"raw_orcid":"https://orcid.org/0000-0001-8999-482X","affiliations":[{"raw_affiliation_string":"School of Business, Macau University of Science and Technology, Macao 999078, China","institution_ids":["https://openalex.org/I111950717"]},{"raw_affiliation_string":"The Institute for Sustainable Development, Macau University of Science and Technology, Macao 999078, China","institution_ids":["https://openalex.org/I111950717"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5112857418"],"corresponding_institution_ids":["https://openalex.org/I111950717"],"apc_list":{"value":2600,"currency":"CHF","value_usd":3137},"apc_paid":{"value":2600,"currency":"CHF","value_usd":3137},"fwci":0.9559,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.81696678,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":93,"max":96},"biblio":{"volume":"18","issue":"19","first_page":"5238","last_page":"5238"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.5386000275611877,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.5386000275611877,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10880","display_name":"Environmental Sustainability in Business","score":0.3391000032424927,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.060600001364946365,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/green-policy","display_name":"green policy","score":0.9340000152587891},{"id":"https://openalex.org/keywords/corporate-environmental-performance","display_name":"corporate environmental performance","score":1.0},{"id":"https://openalex.org/keywords/pilot-cities","display_name":"pilot cities","score":0.6370000243186951},{"id":"https://openalex.org/keywords/state-owned-enterprises","display_name":"state-owned enterprises","score":0.8880000114440918},{"id":"https://openalex.org/keywords/artificial-intelligence-innovation","display_name":"AI innovation","score":0.7820000052452087},{"id":"https://openalex.org/keywords/environmental-regulation","display_name":"environmental regulation","score":0.703000009059906},{"id":"https://openalex.org/keywords/fiscal-incentives","display_name":"fiscal incentives","score":0.5519999861717224},{"id":"https://openalex.org/keywords/regulatory-constraints","display_name":"regulatory constraints","score":0.6710000038146973},{"id":"https://openalex.org/keywords/low-carbon-transition","display_name":"low-carbon transition","score":0.8029999732971191},{"id":"https://openalex.org/keywords/carbon-neutrality","display_name":"carbon neutrality","score":0.6499999761581421},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.4050000011920929}],"concepts":[{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.7168999910354614},{"id":"https://openalex.org/C63479239","wikidata":"https://www.wikidata.org/wiki/Q7353546","display_name":"Robustness (evolution)","level":3,"score":0.6998000144958496},{"id":"https://openalex.org/C165696696","wikidata":"https://www.wikidata.org/wiki/Q11287","display_name":"Exploit","level":2,"score":0.6850000023841858},{"id":"https://openalex.org/C2993150066","wikidata":"https://www.wikidata.org/wiki/Q2491831","display_name":"Green innovation","level":2,"score":0.5902000069618225},{"id":"https://openalex.org/C2989271921","wikidata":"https://www.wikidata.org/wiki/Q919526","display_name":"Environmental policy","level":2,"score":0.579200029373169},{"id":"https://openalex.org/C131046424","wikidata":"https://www.wikidata.org/wiki/Q1805337","display_name":"Energy policy","level":3,"score":0.47049999237060547},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.450300008058548},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4462999999523163},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.4449999928474426},{"id":"https://openalex.org/C2779581858","wikidata":"https://www.wikidata.org/wiki/Q9049677","display_name":"Neutrality","level":2,"score":0.4375999867916107},{"id":"https://openalex.org/C21839126","wikidata":"https://www.wikidata.org/wiki/Q598188","display_name":"Green economy","level":3,"score":0.4092000126838684},{"id":"https://openalex.org/C2742236","wikidata":"https://www.wikidata.org/wiki/Q924713","display_name":"Efficient energy use","level":2,"score":0.35690000653266907},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.34299999475479126},{"id":"https://openalex.org/C123587114","wikidata":"https://www.wikidata.org/wiki/Q2101508","display_name":"Policy analysis","level":2,"score":0.34060001373291016},{"id":"https://openalex.org/C2777648813","wikidata":"https://www.wikidata.org/wiki/Q2508647","display_name":"Market penetration","level":2,"score":0.3393000066280365},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.33559998869895935},{"id":"https://openalex.org/C186370098","wikidata":"https://www.wikidata.org/wiki/Q442787","display_name":"Energy (signal processing)","level":2,"score":0.3296000063419342},{"id":"https://openalex.org/C2780980858","wikidata":"https://www.wikidata.org/wiki/Q110022","display_name":"Dual (grammatical number)","level":2,"score":0.32690000534057617},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3239000141620636},{"id":"https://openalex.org/C2985274072","wikidata":"https://www.wikidata.org/wiki/Q328798","display_name":"Environmental regulation","level":2,"score":0.29840001463890076},{"id":"https://openalex.org/C2777463520","wikidata":"https://www.wikidata.org/wiki/Q3077481","display_name":"Porter hypothesis","level":3,"score":0.295199990272522},{"id":"https://openalex.org/C2778556080","wikidata":"https://www.wikidata.org/wiki/Q5603535","display_name":"Green growth","level":3,"score":0.29019999504089355},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.28790000081062317},{"id":"https://openalex.org/C74363100","wikidata":"https://www.wikidata.org/wiki/Q273005","display_name":"Economic system","level":1,"score":0.28700000047683716},{"id":"https://openalex.org/C178411942","wikidata":"https://www.wikidata.org/wiki/Q622657","display_name":"Market failure","level":2,"score":0.2784000039100647},{"id":"https://openalex.org/C3018081369","wikidata":"https://www.wikidata.org/wiki/Q7016409","display_name":"New energy","level":2,"score":0.2700999975204468},{"id":"https://openalex.org/C2776138137","wikidata":"https://www.wikidata.org/wiki/Q5603509","display_name":"Green development","level":3,"score":0.26269999146461487}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.3390/en18195238","doi":"https://doi.org/10.3390/en18195238","is_oa":true,"landing_page_url":"https://doi.org/10.3390/en18195238","pdf_url":"https://www.mdpi.com/1996-1073/18/19/5238/pdf?version=1759397795","source":{"id":"https://openalex.org/S198098182","display_name":"Energies","issn_l":"1996-1073","issn":["1996-1073"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","norway-1","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Energies","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:a1ef2c71a341471796bb163fac7cd3f4","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/a1ef2c71a341471796bb163fac7cd3f4","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Energies, Vol 18, Iss 19, p 5238 (2025)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.3390/en18195238","doi":"https://doi.org/10.3390/en18195238","is_oa":true,"landing_page_url":"https://doi.org/10.3390/en18195238","pdf_url":"https://www.mdpi.com/1996-1073/18/19/5238/pdf?version=1759397795","source":{"id":"https://openalex.org/S198098182","display_name":"Energies","issn_l":"1996-1073","issn":["1996-1073"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","norway-1","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Energies","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Climate action","score":1.0,"id":"https://metadata.un.org/sdg/13"},{"display_name":"Industry, innovation and infrastructure","score":0.7207000255584717,"id":"https://metadata.un.org/sdg/9"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4414748735.pdf","grobid_xml":"https://content.openalex.org/works/W4414748735.grobid-xml"},"referenced_works_count":59,"referenced_works":["https://openalex.org/W1997695883","https://openalex.org/W2156317223","https://openalex.org/W2887377940","https://openalex.org/W2928380700","https://openalex.org/W2978117355","https://openalex.org/W3000269192","https://openalex.org/W3100934073","https://openalex.org/W3134437122","https://openalex.org/W3173817253","https://openalex.org/W3177554272","https://openalex.org/W3179266167","https://openalex.org/W3193092288","https://openalex.org/W3193967698","https://openalex.org/W4210254857","https://openalex.org/W4210702271","https://openalex.org/W4211044856","https://openalex.org/W4211105384","https://openalex.org/W4213271047","https://openalex.org/W4224002094","https://openalex.org/W4280585945","https://openalex.org/W4280636171","https://openalex.org/W4281565066","https://openalex.org/W4287509535","https://openalex.org/W4293100498","https://openalex.org/W4294733719","https://openalex.org/W4295678232","https://openalex.org/W4306402690","https://openalex.org/W4310074527","https://openalex.org/W4315707336","https://openalex.org/W4319068371","https://openalex.org/W4323565205","https://openalex.org/W4324137990","https://openalex.org/W4362580328","https://openalex.org/W4364374409","https://openalex.org/W4377241787","https://openalex.org/W4382793284","https://openalex.org/W4383337115","https://openalex.org/W4385663549","https://openalex.org/W4386520949","https://openalex.org/W4386571453","https://openalex.org/W4386913770","https://openalex.org/W4387361484","https://openalex.org/W4390735281","https://openalex.org/W4391406747","https://openalex.org/W4392359134","https://openalex.org/W4394894548","https://openalex.org/W4396696513","https://openalex.org/W4397049842","https://openalex.org/W4399044583","https://openalex.org/W4399705811","https://openalex.org/W4401751997","https://openalex.org/W4403383843","https://openalex.org/W4403827851","https://openalex.org/W4404033618","https://openalex.org/W4404297288","https://openalex.org/W4404760400","https://openalex.org/W4410213497","https://openalex.org/W4411967652","https://openalex.org/W4412424227"],"related_works":[],"abstract_inverted_index":{"Global":[0],"efforts":[1],"to":[2,38,170],"achieve":[3],"carbon":[4],"neutrality":[5],"increasingly":[6],"rely":[7],"on":[8,117,129],"institutional":[9],"green":[10,21,130,151],"policy":[11,22,76,131],"that":[12,69,94,135],"reshape":[13],"corporate":[14,24],"environmental":[15,25,104],"behavior.":[16],"This":[17],"study":[18],"examines":[19],"whether":[20],"improves":[23],"performance":[26],"(EP).":[27],"Using":[28],"panel":[29],"data":[30],"of":[31,44,102],"the":[32,42,70,100,107,127,155],"A-share":[33],"listed":[34],"firms":[35],"from":[36],"2010":[37],"2022,":[39],"we":[40],"exploit":[41],"rollout":[43],"pilot":[45],"cities":[46],"as":[47],"a":[48,53,111],"quasi-natural":[49],"experiment":[50],"and":[51,63,88,99,141,148],"apply":[52],"difference-in-differences":[54],"(DID)":[55],"framework,":[56],"supplemented":[57],"by":[58],"double":[59],"machine":[60],"learning":[61],"(DML)":[62],"robustness":[64],"tests.":[65],"The":[66],"results":[67],"show":[68],"New":[71],"Energy":[72],"Demonstration":[73],"City":[74],"(NEDC)":[75],"notably":[77],"increases":[78],"EP,":[79],"with":[80],"stronger":[81],"effects":[82],"for":[83,159],"state-owned":[84],"enterprises,":[85],"large":[86],"firms,":[87],"regulated":[89],"industries.":[90],"Mechanism":[91],"analysis":[92],"indicates":[93],"artificial":[95],"intelligence":[96],"innovation":[97],"capacity":[98],"stringency":[101],"regional":[103],"regulation":[105],"amplify":[106],"policy\u2019s":[108],"effectiveness,":[109],"revealing":[110],"\u201cinnovation\u2013regulation\u201d":[112],"dual":[113],"mechanism.":[114],"By":[115],"focusing":[116],"integrated":[118],"EP":[119],"rather":[120],"than":[121],"single":[122],"outcomes,":[123],"this":[124],"paper":[125],"extends":[126],"literature":[128],"instruments.":[132],"It":[133],"demonstrates":[134],"structural":[136],"policies":[137],"combining":[138],"fiscal":[139],"incentives":[140],"regulatory":[142],"constraints":[143],"can":[144],"correct":[145],"market":[146],"failures":[147],"foster":[149],"long-term":[150],"transition.":[152],"Beyond":[153],"China,":[154],"findings":[156],"provide":[157],"insights":[158],"other":[160],"developing":[161],"economies":[162],"where":[163],"market-based":[164],"instruments":[165],"alone":[166],"may":[167],"be":[168],"insufficient":[169],"trigger":[171],"low-carbon":[172],"transformation.":[173]},"counts_by_year":[{"year":2026,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2025-10-10T00:00:00"}
