Abstract
Environmental regulations (ER) affect enterprise behaviors. Nevertheless, whether the state ownership influences the relationship between environmental regulations and enterprises’ green intentions and behaviors need to be explored further. In this paper, the effects of environmental regulations on enterprises’ intentions to adopt green technologies, especially the moderating role of state ownership between environmental regulations and green technologic adoption intentions (GTAI), are proposed. An empirical study is carried out with the questionnaire data collected from 207 Chinese managers and executives in order to explore the influence of environmental regulations. With the perspective of ownership, the results confirm that the three kinds of environmental regulations (command-and-control (CAC), market-based incentives (MBI) and voluntary environmental (VER) regulations) have positive effects on enterprise green technology adoption intention. Furthermore, the state ownership of enterprise plays a positive moderating role in the relationship between command-and-control environmental regulations and green technology adoption intentions, but plays a negative moderating role in the relationship between voluntary environmental regulations and green technology adoption intentions. It generates no significant moderate effect on the relationship between market-based incentives environmental regulations and green technology adoption intentions. The work verifies that the differences of ownership would lead to varying effects on the intentions of enterprise green technology adoption imposed by regulations. Managerial implications, as well as the limitation of the work, are concluded at the end of this paper.
Highlights
In order to identify the main factors of Command-and-Control Environmental Regulation (CAC), market-based incentive environmental regulations (MBI), and voluntary environmental regulations (VER) as well as green technology adoption intention (GTAI), an exploratory factor analysis (CFA) is carried out with application of SPSS20.0
Β 7 Owns + β 8 CAC × Owns + β 9 MBI × Owns + β 10 VER × Owns
The results show that three types of environmental regulations on enterprise green technology adoption intention have significant positive influence
Summary
With the increasingly urgent environmental problems, how to reduce air and water pollution caused by business activities of enterprises has triggered intensive attention from consumers to governments [1,2]. As a fundamental tactic for sustainable development, green technology adoption (GTA) has become an important means for enterprises to cope with the environmental pressures and improve their economic and environmental performance, which triggers the interest of practitioners as well as researchers [3,4]. In the traditional research on green technology adoption (GTA), many researchers focus on the green technology itself with its connotation, process, goals, and so on [5–7]. They prefer to pay attention to the impact of factors regarding the driver factors of GTA in macro and micro level. Xia et al [9] shows significant relationships between green technology selection and certain task-oriented circumstances and macro-circumstances
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