9卷 第5期
Sichuan Normal University, Chengdu, Sichuan, 610066, China
纸质出版：2025-10-30
Scan QR Code
Sibei Xie. (2025). The Impact of Environmental Regulation on Corporate Cross-Regional Investment in China. 创意经济（英文版）, 9(5), 142-146.
Xie Sibei.The Impact of Environmental Regulation on Corporate Cross-Regional Investment in China[J].Creative Economy,2025,09(05):142-146.
Sibei Xie. (2025). The Impact of Environmental Regulation on Corporate Cross-Regional Investment in China. 创意经济（英文版）, 9(5), 142-146. DOI： 10.47297/wspceWSP2516-251927.20250905.
Xie Sibei.The Impact of Environmental Regulation on Corporate Cross-Regional Investment in China[J].Creative Economy,2025,09(05):142-146. DOI： 10.47297/wspceWSP2516-251927.20250905.
This study examines how environmental regulation influences corporate cross-regional investment in China. Using panel data from listed companies (2007–2023)
we find that stricter environmental regulation significantly promotes cross-regional investment
robustly supporting the "Pollution Haven Effect" as firms relocate to avoid high compliance costs. In contrast
no evidence is found for the "Porter Effect" (innovation inducement) in the overall sample. Heterogeneity analysis reveals a clear "avoidance effect" in the strictly regulated East
an "investment absorption effect" in the West
and an insignificant impact in the Central region. We conclude that China's current environmental regulations primarily drive investment relocation rather than green innovation. These findings hold important implications for optimizing environmental policy design and promoting regional coordinated green transformation.
Qiu Feng , Zhang Guoping , Zheng Heng . A Re-understanding of Industrial Structure Issues in the Yangtze River Delta Region [J/OL ] . China Industrial Economics , 2005 ( 4 ): 77 - 85 .
Xia Lijun , Lu Ming , Yu Weizheng . Political Connections and Cross-Province Investment: Evidence from Chinese Listed Companies [J ] . Management World , 2011 ( 07 ): 128 - 140 .
Guo Kai . Corruption and Cross-Regional Investment [D ] . Shanghai Jiao Tong University , 2016 .
Hong Xiaoyu , Xie Jianguo , Ren Tongyu . Deepening Capital Market Opening and Domestic Capital Circulation: Evidence from Corporate Cross-Regional Investment [J ] . Finance & Economics , 2023 ( 10 ): 1 - 15 .
Song Xiaoning , Cao Huijuan , Ma Guangrong . National Circuit Courts and Cross-Regional Capital Flows: A Perspective on Central-Local Judicial Relations [J ] . Economics (Quarterly) , 2023 , 23 ( 05 ): 1793 - 1809 .
Ma Guangrong , Cheng Xiaomeng , Yang Enyan . How Does Transportation Infrastructure Promote Capital Flow? A Study Based on HSR Opening and Cross-Regional Investment of Listed Companies [J ] . China Industrial Economics , 2020 ( 06 ): 5 - 23 .
Ma Weibiao , Wu Yuming . Does Digital Transformation Reshape Corporate Geographic Patterns? Evidence from Cross-Regional Investment of Listed Companies [J ] . Economic Review , 2023 ( 06 ): 87 - 105 .
Zhang Xinhe , Yue Shujing , Lai Xiaobing . The Promoting Effect and Internal Mechanism of Digital Technology Development on Corporate Cross-Regional Investment [J ] . Journal of Central South University (Social Sciences Edition) , 2023 , 29 ( 05 ): 123 - 137 .
Ni Kejin , Liu Xiuyan . Digital Transformation and Enterprise Growth: Theoretical Logic and Chinese Practice [J ] . Business Management Journal , 2021 , 43 ( 12 ): 79 - 97 .
Zhuang Zixuan , Ran Yu , Yin Haozhou , et al . Does Non-State Shareholder Participation in Governance Affect Cross-Regional Investment of State-Owned Enterprises? [J ] . Friends of Accounting , 2023 ( 24 ): 123 - 130 .
Liang Jiaqi . Educational Background and Social Capital of CEOs in Private Enterprises and Cross-Regional Investment [D ] . Guizhou University , 2021 .
Gray W B . The cost of regulation: OSHA, EPA and the productivity slowdown [J ] . The American Economic Review , 1987 , 77 ( 5 ): 998 - 1006 .
Jaffe A B , Peterson S R , Portney P R , et al . Environmental regulation and the competitiveness of US manufacturing: what does the evidence tell us? [J ] . Journal of Economic Literature , 1995 , 33 ( 1 ): 132 - 163 .
Li Xiaosheng , An Qingxian . Environmental Regulatory Costs and Environmental Total Factor Productivity Research [J ] . The Journal of World Economy , 2012 , 35 ( 12 ): 23 - 40 .
Xu Yankun , Qi Yu . Reassessment of the Impact of Environmental Regulation on Firm Productivity and Mechanism Test [J ] . Finance & Trade Economics , 2017 , 38 ( 06 ): 147 - 161 .
Sheng Dan , Zhang Guofeng . Environmental Regulation in the "Two Control Zones" and the Growth of Enterprise Total Factor Productivity [J ] . Management World , 2019 , 35 ( 02 ): 24 - 42+198 .
Li Juncheng , Wang Wenwei , Hu Junjun . How Does Environmental Regulation Affect Cross-Regional Capital Flows? [J ] . China Population, Resources and Environment , 2023 , 33 ( 8 ): 80 - 88 .
Related Articles
Related Author
Related Institution
京公网安备11010802024621