Liangqun Qi

Implementing environmental protection taxes implies a shift in environmental policy from government enforcement to market incentives, fostering long-term sustainability. Based on institutional theory, this study explores the nonlinear impact of environmental taxes on corporate green innovation and its influencing mechanism, by considering the complex interaction between innovation offsets and environmental costs. Utilizing data from Chinese A-share listed companies on the Shanghai and Shenzhen stock exchanges during 2012 and 2023, the study reveals an inverse U-shaped relationship between environmental taxes and green innovation performance, within which corporate environmental responsibility functions as a mediator. Furthermore, the results also reveal that the relationship between environmental taxes and green innovation is positively moderated by the development level of regional green finance. In addition, the heterogeneity analyses show that the inverse U-shaped relationship is more pronounced among heavily polluting and large-scale firms, and firms in more marketized areas and areas with higher levels of intellectual property protection. The research enriches the literature on the dual-edged effects of environmental taxes anchored in green innovation and unpacks the internal mechanism of the effectiveness of environmental protection tax policy. It also provides practical implications for the design of tiered taxes and green finance policies aimed at achieving sustainable development.

The analysis of the implementation effect of the supply-side reform (SSR) in the industrial sector of China’s provinces and the reasons behind them are of great significance for China to formulate relevant policies in the future. However, this work has not yet been carried out. Industrial development performance is closely related to energy and environmental efficiency (EEE), and the effect of the SSR implementation is directly reflected in EEE. This study fills this gap by analyzing the EEE of 30 provinces in China from 2012 to 2017 using data envelopment analysis and Malmquist index methods. The results show that the positive effect of China’s implementation of SSR has emerged. This positive effect is mainly reflected in the implementation of measures such as reducing overcapacity, which has promoted the technological innovation of enterprises. However, the low management level and resource-allocation efficiency hinder the further improvement of the implementation effect of the SSR, which should be paid special attention to in China’s future supply-side reform. In addition, we believe that in the context of China’s high-quality development and carbon neutrality goals, the SSR should be given more connotations, which are to increase the requirements for strengthening green and low-carbon development.

For healthcare manufacturing firms, creating a crisis-prepared product and service portfolio and operational processes is essential for their long-term prosperity. In this paper, we examine how healthcare manufacturing firms cope with the operational disruptions and opportunities associated with the COVID-19 pandemic. We highlight the central role of organizational resilience and examine whether servitization and digitalization can improve the organizational resilience of healthcare manufacturing firms. On the basis of the organizational information processing theory, we suggest that servitization and digitalization can improve the stability and flexibility of operations, which make healthcare manufacturing firms more resilient to the COVID-19 pandemic. The hypotheses were tested using survey data from 163 manufacturing firms located in China. The results indicate that both servitization and digitalization improve the organizational resilience of healthcare manufacturing firms, leading to higher firm growth during the COVID-19 pandemic. Moreover, organizational resilience mediates the impacts of servitization and digitalization on firm growth. Environmental dynamism strengthens the relationship between digitalization and organizational resilience. This study offers new insights for healthcare manufacturing firms to prepare for crisis events and achieve sustainable development in a highly competitive environment.

The servitization of construction enterprises based on value chain integration means that construction enterprises use prefabricated buildings and combine advantageous resources to integrate preconstruction feasibility analysis, investment and financing services, design, etc., and postconstruction decoration, operation and maintenance, and waste disposal. This article takes the equipment-manufacturing industry as the research object, and based on the analysis of the service-based value chain integration process, it puts forward research hypotheses, constructs research models, and conducts data simulation research to explore how the equipment-manufacturing industry can realize the logic of industrial value through service reintegration and optimization reveal the changing laws and key influencing factors of the equipment-manufacturing industry’s value-added capabilities during this process. The results show that the industrial connection density, service element embedding methods, and knowledge absorption capacity have a significant impact on the value-added ability of the equipment-manufacturing industry during the integration process. The increase in industrial connection density promotes the enhancement of value-added capabilities, and it is significant at the initial stage and then weakened. Both the input-side and output-side service element embedding can affect the value-added ability, but the effects of the two are different. The improvement of knowledge absorptive capacity can promote the occurrence of service innovation, thereby enhancing the value-added capacity of the equipment-manufacturing industry.