Zhengyu Ren

In the social context of advocating a low-carbon economy, achieving sustainable growth in line with current social development requirements is an issue that agribusiness must face. In order to explore the mechanisms influencing the sustainable growth of Chinese agriculture and to optimize the quality of agribusiness decisions, this paper examines the relationship between environmental management, debt financing indicators, and financial sustainable growth of the company in Chinese agriculture. Specifically, a decision support system based on the least square dummy variable (LSDV) model, mediating effects model and threshold effects model was constructed by using annual financial reports and questionnaire data of the listed agricultural enterprises. After empirical analysis, the following results were obtained: first, both environmental management and debt financing management help Chinese agricultural firms achieve financially sustainable growth. Second, debt financing can transmit the effect of environmental management on financially sustainable growth. Third, there are significant differences in the effects of debt financing on financially sustainable growth under different environmental management conditions. Finally, in order to promote the development of Chinese agriculture, this paper suggests that agricultural enterprises should actively implement environmental management and that relevant Chinese authorities should lower the financing threshold of the agricultural industry, while ensuring risk regulation.

In today’s socio-economic context where environmental protection and sustainable development are equally important, how renewable energy enterprises can achieve sustainable development has become a topic of academic interest in recent years. This paper investigates the link between sustainable growth (SG) of renewable energy firms, resource endowment (RE), and environmental regulatory (ERs) issues through a fixed-effects model and a GMM model. Through empirical analysis, it was found that economical environmental regulations have the greatest positive impact on sustainable growth, followed by legal environmental regulations and supervised environmental regulations. Resource endowment is positively related to sustainable growth for non-state-owned renewable energy enterprises, but the negative impact on sustainable growth reflects the effect the of “resource curse”. In addition, resource endowment has a negative moderating effect on environmental regulations and sustainable growth. Thus, the most significant effect is on the relationship between economical environmental regulations and sustainable growth, followed by legal environmental regulations and supervised environmental regulations. Therefore, the flexible and concurrent application of multiple environmental policies is an important way to ensure effective regulations and promote sustainable business growth.