文献类型：期刊文献

英文题名：Does environmental regulation drive or hinder the development of new quality productive forces? evidence from Chinese listed firms

作者：Chen, Qi[1];Su, Huaqiang[2];Gao, Weixin[1];Lv, Jingjing[1]

机构：[1]Guangdong Ocean Univ, Sch Econ, Zhanjiang, Guangdong, Peoples R China;[2]Chonnam Natl Univ, Dept Int Trade, Gwangju, South Korea

年份：2025

卷号：13

外文期刊名：FRONTIERS IN ENVIRONMENTAL SCIENCE

收录：SCI-EXPANDED(收录号：WOS:001499254000001)、、Scopus(收录号：2-s2.0-105007036874)、WOS

基金：The author(s) declare that financial support was received for the research and/or publication of this article. This work was supported by the Program for Scientific Research Start-Up Funds of Guangdong Ocean University [grant No.60302082102]; 2024 Zhanjiang City Philosophy and Social Science Planning Project [grant No. ZJ24YB24]; and the 2024 Guangdong Province General Colleges and Universities Youth Innovation Talent Program [grant No. 2024WQNCX097]. This work was also supported by Guangdong Provincial Key Research Base for Humanities and Social Sciences in Higher Education Institutions: Marine Economy and Management Research Center, Guangdong Ocean University; Characteristic Key Discipline of Applied Economics, Guangdong Ocean University.

语种：英文

外文关键词：environmental regulation; new quality productive forces; development speed; Chinese listed firms; inverted U-shaped relationship

外文摘要：Introduction: This study investigates the nonlinear dynamics between environmental regulation (ER) and the development speed of New Quality Productive Forces (NQPF) by integrating compliance cost effects and innovation compensation effects into a unified framework.Introduction: Using panel data from Chinese A-share listed firms (2012-2022), we apply fixed-effects model and nonlinear mediation analysis (via the SPSS Medcurve program) to quantify the inverted U-shaped ER-NQPF relationship, incorporating robustness checks for endogeneity and heterogeneity across industries, regions, and ownership types.Results and Discussion: We identify a robust inverted U-shaped relationship, with moderate ER intensity stimulating productivity gains through innovation incentives, while excessive stringency suppresses growth due to escalating compliance costs. Mechanism analyses reveal that compliance costs mediate this relationship nonlinearly, whereas innovation investment-particularly R&D expenditures-exerts a negative mediating effect, reflecting resource diversion toward short-term compliance over transformative innovation. Heterogeneity tests underscore critical disparities across industries, regions, and firm ownerships, challenging the universality of the Porter Hypothesis in transitional economies. Practically, the findings advocate for spatially and sectorally differentiated environmental policies, emphasizing institutional readiness and localized innovation ecosystems. This study redefines the ER-productivity debate by integrating institutional context and firm-level adaptability, offering actionable insights for sustainable governance in emerging economies.