Li Y., Mao C., 2015, An Empirical Research on the Impacts of Haze Governance on Over-investment of Heavy Air Pollution Enterprises of China, Chemical Engineering Transactions, 46, 1243-1248.
This study examines the impacts of haze governance on heavy air pollution enterprises’ over-investment based on the data of Chinese listed companies. We find that heavy air pollution enterprises inhibit over- investment more significantly compared with other enterprises after haze governance since 2012 and the results are more remarkable in the non-state owned heavy air pollution enterprises. The research conclusions of this paper verify the effectiveness of haze governance from the perspective of investment efficiency, but the effect of governance has some difference in different property rights heavy air pollution enterprises.
