Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 58 , 20 November 2023


Open Access | Article

The Interaction Between the Implementation of Environmental Policy and the Sustainable Development of Financial Market

Bei Luo * 1
1 Macau University of Science and Technology

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 58, 162-167
Published 20 November 2023. © 20 November 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Bei Luo. The Interaction Between the Implementation of Environmental Policy and the Sustainable Development of Financial Market. AEMPS (2023) Vol. 58: 162-167.

Abstract

Environment is the material basis for people’s survival and development, but with the rapid development of the economy, especially the expansion of some industries based on the use of environmental resources (such as mining, iron smelting, real estate enterprises and so on) will inevitably have an impact on the environment and produce environmental footprints in production. How to reduce the pollution and damage to the natural environment caused by these environmental footprints without affecting the development of enterprises has become an important issue to be solved in contemporary society. Through the interactive study of environmental policy and sustainable development of the financial market, this paper aims to provide a feasible reference for this topic. However, environmental policy involves many aspects, such as energy, soil, oceans, rare animals and nature reserves. This article mainly discusses policies aimed at energy and waste emissions. This paper uses the research methods of theoretical analysis, literature analysis and review, taking the rise and fall of stocks driven by environmental policies as a starting point, this paper explores the effects of relevant environmental policies on the industrial chain of new energy industries; at the same time, it also quotes Environmental, Society and Governance(ESG), Corporate Society and Responsibility(CSR) and other related terms to discuss the reaction of enterprises and investors to environmental policies in the financial market. This paper finds that environmental policy is conducive to the sustainable development of the financial market, and the development of the financial market can also provide suggestions for the formulation and implementation of environmental policy.

Keywords

environmental policy, “Porter Effect”, corporate citizenship, environmental information disclosure

References

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2. Ai, H., Hu, S., Li, K., & Shao, S. (2020). Environmental regulation, total factor productivity, and enterprise duration: Evidence from China. Business Strategy and the Environment, 29(6), 2284-2296.

3. Yang, S., Wang, C., Lyu, K., & Li, J. (2023). Environmental protection tax law and total factor productivity of listed firms: promotion or inhibition?. Frontiers in Environmental Science, 11, 1152771.

4. YU Yongze & LIN Binbin.(2022).Empirical Evidence from Biased Emission Reduction Targets and Technological Innovation(11),113-135. doi:10.13653/j.cnki.jqte.2022.11.006.

5. Lanoie, P., Laplante, B., & Roy, M. (1998). Can capital markets create incentives for pollution control?. Ecological Economics, 26(1), 31-41.

6. WANG Xiaotong. (2023). Analysis of the impact of environmental information disclosure on stock price crash risk. Business News (05), 56-59. doi:CNKI:SUN:SYJW.0.2023-05-015.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-207-7
ISBN (Online)
978-1-83558-208-4
Published Date
20 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
Copyright
20 November 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated