时 间：2022年12月28日（周三）13：30-15：30
地 点：腾讯会议 400-994-900
主 题：Environmental Regulation and Firms’ Extensive Margin Decisions
主讲人：王敏 北京大学研究员
主持人： 董直庆 教授
主 办：工商管理学院
摘 要：
The paper provides a comprehensive investigation of the effects of environmental regulations on Chinese firms’ extensive margins. Using registration information of all firms in 35 industries from 1991 to 2010, we show that environmental regulations deter firm entry, increase firm exit and reduce the net entry of firms. Specifically, in response to such regulations, large, long-lived and private entrants are less likely to enter the market, and small and long-lived incumbents are more likely to exit. This concentrates the market and expands the state sector in pollution-intensive industries. Moreover, the entrants are more heavily regulated than the incumbents. We also find evidence that, in response to environmental regulations, firms in regulated locations are more likely to create new firms in pollution-intensive industries in unregulated areas. However, these spatial spillover effects are negligible, posing little threat to the estimation of environmental regulatory impacts on firm entry in our setting and therefore alleviating the concern of pollution relocation.
报告人简介：
王敏研究员，北京大学环境与能源研究中心副主任，在Journal of Environmental Economics and Management,Journal of Economic Dynamics and Control, Macroeconomic Dynamics, ,China Economic Journal, Journal of Environmental Economics and Management, Economic Theory, Economics Letters,以及在《经济研究》《管理世界》等国内外学科知名刊物发表系列论文。