Xi Wei Chen discusses the dynamics between sustainability and value creation within China's economy at the Global Conference 2026. Focusing on the behavior of Chinese firms in response to government regulations, particularly the 'Top 10,000 Enterprises Policy', the talk examines how these companies navigate environmental regulations through innovation. Using regression discontinuity design, the study explores firm innovation and its impact—or lack thereof—on business performance amid regulatory pressure. While firms show increased green innovation, these innovations don't significantly translate into enhanced business profits, suggesting a complex interplay between regulatory compliance and economic incentive.
Transcript translations are generated by AI.
Please excuse mistakes in translation.
0 Comments -
Panel 3: Dr. Qihui Chen
38:33Xi Wei Chen discusses the dynamics between sustainability and value creation within China's economy at the Global Conference 2026. Focusing on the behavior of Chinese firms in response to government regulations, particularly the 'Top 10,000 Enterprises Policy', the talk examines how these companies navigate environmental regulations through innovation. Using regression discontinuity design, the study explores firm innovation and its impact—or lack thereof—on business performance amid regulatory pressure. While firms show increased green innovation, these innovations don't significantly translate into enhanced business profits, suggesting a complex interplay between regulatory compliance and economic incentive.
Please excuse mistakes in translation.
Panel 3: Dr. Qihui Chen