Ma and Liang 2018 JCP Final Version.pdf (280.46 kB)
The effects of firm ownership and affiliation on government’s target setting on energy conservation in China
journal contributionposted on 2018-10-26, 00:00 authored by Liang Ma, Jiaqi Liang
Targets of energy conservation in China are allocated by the central government across subnational jurisdictions and firms. However, we know little about why some regulated entities receive higher mandates than others. In this paper, we use the Top- 1,000 Enterprises Energy-Saving Program, which was adopted in 2006, to examine the underlying mechanisms through which energy-saving targets are assigned. After considering a variety of control variables, we find that state-owned enterprises (SOEs) receive significantly higher targets than non-SOE firms. In addition, centrally affiliated firms are assigned with higher targets than their locally affiliated counterparts. Furthermore, firm ownership and affiliation interactively affect target assignment, with central non-SOE firms bearing the heaviest tasks. We then derive theoretical and policy implications from the findings for energy policy and resultsbased management strategy.
This work was supported by the National Natural Science Foundation of China (NSFC) [grant number 71774164]; the Fundamental Research Funds for the Central Universities and the Research Funds of Renmin University of China [grant number 16XNB005].
CitationMa, L., & Liang, J. Q. (2018). The effects of firm ownership and affiliation on government's target setting on energy conservation in China. Journal of Cleaner Production, 199, 459-465. doi:10.1016/j.jclepro.2018.07.170