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  1. Time to say goodbye?
    the impact of environmental regulation on foreign divestment
    Published: August 2023
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We look at divestments by foreign firms - a topic that has received comparatively little attention in the literature - and investigate how changes in the regulatory environment in the host country may impact on such divestment decisions. We use the... more

    Access:
    Verlag (kostenfrei)

     

    We look at divestments by foreign firms - a topic that has received comparatively little attention in the literature - and investigate how changes in the regulatory environment in the host country may impact on such divestment decisions. We use the implementation of China's Two Control Zone (TCZ) policy as a "quasi-natural experiment", using detailed firm level combined with city level data for the empirical analysis. Our results show that the implementation of TCZ policy has led to higher probabilities of divestments by foreign firms in targeted TCZ cities and industries. The mechanism behind this seems to be a TCZ-induced increase in discharge fees and efforts to reduce SO2 emissions. Allowing for heterogeneity of effects, we find that the effect is particularly strong for firms from source countries with less stringent environmental regulation, and those using less advanced technology. We furthermore show that firms using intermediates from polluting industries also experience a higher probability of divestment

     

    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper series / IZA ; no. 16406
    Subjects: Umweltstandard; Desinvestition; Auslandsinvestition; Multinationales Unternehmen; China; foreign divestment; environmental regulation; Two Control Zone Policy; China
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  2. Time to say goodbye?
    the impact of environmental regulation on foreign divestment
    Published: [2023]
    Publisher:  Kiel Institute for the World Economy, [Kiel]

    We look at divestments by foreign firms – a topic that has received comparatively little attention in the literature – and investigate how changes in the regulatory environment in the host country may impact on such divestment decisions. We use the... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 3
    No inter-library loan

     

    We look at divestments by foreign firms – a topic that has received comparatively little attention in the literature – and investigate how changes in the regulatory environment in the host country may impact on such divestment decisions. We use the implementation of China’s Two Control Zone (TCZ) policy as a “quasi-natural experiment”, using detailed firm level combined with city level data for the empirical analysis. Our results show that the implementation of TCZ policy has led to higher probabilities of divestments by foreign firms in targeted TCZ cities and industries. The mechanism behind this seems to be a TCZ-induced increase in discharge fees and efforts to reduce SO2 emissions. Allowing for heterogeneity of effects, we find that the effect is particularly strong for firms from source countries with less stringent environmental regulation, and those using less advanced technology. We furthermore show that firms using intermediates from polluting industries also experience a higher probability of divestment.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/277741
    Series: Kiel working paper ; no. 2255 (September 2023)
    Subjects: Umweltstandard; Desinvestition; Auslandsinvestition; Multinationales Unternehmen; China; foreign divestment; environmental regulation; Two Control Zone Policy; China
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  3. Time to say goodbye?
    the impact of environmental regulation on foreign divestment
    Published: August 2023
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We look at divestments by foreign firms - a topic that has received comparatively little attention in the literature - and investigate how changes in the regulatory environment in the host country may impact on such divestment decisions. We use the... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4
    No inter-library loan

     

    We look at divestments by foreign firms - a topic that has received comparatively little attention in the literature - and investigate how changes in the regulatory environment in the host country may impact on such divestment decisions. We use the implementation of China's Two Control Zone (TCZ) policy as a "quasi-natural experiment", using detailed firm level combined with city level data for the empirical analysis. Our results show that the implementation of TCZ policy has led to higher probabilities of divestments by foreign firms in targeted TCZ cities and industries. The mechanism behind this seems to be a TCZ-induced increase in discharge fees and efforts to reduce SO2 emissions. Allowing for heterogeneity of effects, we find that the effect is particularly strong for firms from source countries with less stringent environmental regulation, and those using less advanced technology. We furthermore show that firms using intermediates from polluting industries also experience a higher probability of divestment.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279104
    Series: Discussion paper series / IZA ; no. 16406
    Subjects: Umweltstandard; Desinvestition; Auslandsinvestition; Multinationales Unternehmen; China; foreign divestment; environmental regulation; Two Control Zone Policy; China
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  4. Time to say goodbye?
    the impact of environmental regulation on foreign divestment
    Published: [2023]
    Publisher:  Kiel Centre for Globalization, [Kiel]

    We look at divestments by foreign firms - a topic that has received comparatively little attention in the literature - and investigate how changes in the regulatory environment in the host country may impact on such divestment decisions. We use the... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 595
    No inter-library loan

     

    We look at divestments by foreign firms - a topic that has received comparatively little attention in the literature - and investigate how changes in the regulatory environment in the host country may impact on such divestment decisions. We use the implementation of China's Two Control Zone (TCZ) policy as a "quasi-natural experiment", using detailed firm level combined with city level data for the empirical analysis. Our results show that the implementation of TCZ policy has led to higher probabilities of divestments by foreign firms in targeted TCZ cities and industries. The mechanism behind this seems to be a TCZ-induced increase in discharge fees and efforts to reduce SO2 emissions. Allowing for heterogeneity of effects, we find that the effect is particularly strong for firms from source countries with less stringent environmental regulation, and those using less advanced technology. We furthermore show that firms using intermediates from polluting industries also experience a higher probability of divestment.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/276264
    Series: KCG working paper ; no. 27 (September 2023)
    Subjects: Umweltstandard; Desinvestition; Auslandsinvestition; Multinationales Unternehmen; China; foreign divestment; environmental regulation; Two Control Zone Policy; China
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  5. Time to say goodbye? The impact of environmental regulation on foreign divestment