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| Media Pressure, Financing Constraints and Industrial Enterprises' Carbon Emissions |
| Chen Xiaobei,Chen Xueting |
| (School of Economics and Management, Harbin Institute of Technology (Shenzhen), Shenzhen 518055, China) |
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Abstract Based on a sample of listed industrial enterprises in Shanghai and Shenzhen from 2011 to 2017, the paper used a fixed-effect model to analyze the impact of media pressure and financing constraints on corporate carbon emissions, and discuss the regulatory role of green invention patents. It was found that media pressure significantly suppressed corporate carbon emissions, and alleviating financing constraints can reduce corporate carbon emissions. The regression results also show that green invention patents will weaken the carbon emission reduction effect of media pressure and enhance the suppression effect of financing constraints on carbon emission reduction, while there is no mutual promotion or suppression effect of media pressure and financing constraints on corporate carbon emissions. Finally, the conclusion was tested for endogeneity and robustness, and corresponding policy recommendations were put forward.
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Received: 04 August 2020
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