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  • ISSN 2096-9554
  • CN 31-2074/F
Volume 38 Issue 5
Sep.  2024
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Article Navigation >  Accounting and Economic Research  > 2024  >  38(5): 107-119
Sun Hongmei, Liu Chunyan, Liu Guiyuan. 2024. Do Government Subsidies Promote Corporate Environmental Protection Investment? Based on the Moderating Role of Media Attention. Accounting and Economic Research, 38(5): 107-119.
Citation: Sun Hongmei, Liu Chunyan, Liu Guiyuan. 2024. Do Government Subsidies Promote Corporate Environmental Protection Investment? Based on the Moderating Role of Media Attention. Accounting and Economic Research, 38(5): 107-119.
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Do Government Subsidies Promote Corporate Environmental Protection Investment? Based on the Moderating Role of Media Attention

  • School of Finance and Business, Shanghai Normal University, Shanghai 200234, China

  • Received Date: 2022-06-15
    Available Online: 2025-10-22
  • Publish Date: 2024-09-25
    Abstract
  • This study aims to explore the impact of government subsidies on environmental protection investment by Chinese listed corporate and empirically examine the moderating role of media attention in this relationship. The results reveal that government subsidies exhibit a double-edged sword effect, demonstrating an inverted U-shaped relationship with corporate environmental protection investment. Moderate government subsidies promote corporate environmental protection investment, while excessive subsidies inhibit it. This inverted U-shaped relationship exhibits heterogeneity when distinguishing ownership nature, firm size, and environmental regulation intensity. Further research indicates that media attention strengthens the inverted U-shaped impact of government subsidies on corporate environmental protection investment. These findings provide empirical evidence for optimizing government subsidy policies and leveraging media attention to improve environmental governance.

     

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