Corporate innovation and environmental investment:The moderating role of institutional environment

Corporate environmental investment helps improve corporate environmental performance,which,therefore,is an effective micro-level solution to mitigate environmental concerns generated by corporate excessive resource exploitation and energy use.Using Chinese listed firms within environment-related industries over the period 2011–2018 as the research setting,this study applies the panel data model to investigate the impact of corporate innovation on environmental investment,as well as the moderating effects of institutional factors.The results show that corporate innovation significantly improves firms'environmental investment with 1%Research&Development(R&D)investment ratio increase generating 2326 CNY(around 351 USD at 2018 exchange rate)increase in environmental investment;the moderating effect of environment policy is positive and significant while the moderating effect of internationalisation level is not significant,indicating that current environment policy implementation helps to strengthen the positive impact of corporate innovation on environmental investment while the role of internationalisation level in this nexus is not observed.From a micro-level perspective,the findings of this study shed light on mitigating environmental concerns through enhancing corporate innovation,and provide evidence that China's corporate internationalisation process awaits more regulatory controls.

Environmental subsidies and companies’environmental investments

Environmental subsidies are important means for the government to promote companies to fulfil environmental protection responsibilities.Employing a text analysis method,this study obtains the data on government subsidies for environmental protection of Ashare listed companies in China from 2007 to 2016.Empirical estimates show that the subsidies received by companies promote their environmental inputs.Additionally,analyst tracking and internal control enhance the positive effect of subsidies on the companies’environmental investments.The above results are still valid after testing the Heckman two-stage model and the Propensity-Score-Matching and Difference-in-Difference model.This paper provides evidential support for the effectiveness of government subsidies and explores feasible ways to improve the efficiency of government subsidies based on the corporate governance channels.

Improving Market Circulation and Investment Environment

With the approach of the 21st century,the Asia-Pacific Region where Chinais situated is becoming a new growthpoint of the world economy.The developmentof China’s economy will surely bring vitalityto the further prosperity of Asia-Pacific Regionand the overall development of the worldeconomy.With the daily deepening of therestructuring of China’s circulation systemand the increasing attractive investmentenvironment for foreign businessmen,China,with its 1.2 billion people,has become a largeworld market,that is highly competitive.

Improving Market Circulation and Investment Environment

With the approach of the 21st century, the Asia-Pacific Region where China is situated is becoming a new growth point of the world economy. The development of China’s economy will surely bring vitality to the further prosperity of Asia-Pacific Region and the overall development of the world economy. With the daily deepening

Agricultural Investment Environment in Shaanxi Province

The features of ageing,low educational level and female domination on the part of agricultural labor forces,determine that the sustainable development of agriculture can not rely entirely on farmers,who are engaged in dispersed planting and small-scale operation,therefore,improving agricultural investment environment,and taking positive measures to promote diversification of the main body of agricultural investment,is the key to the healthy development of agriculture.From four aspects(the industrial base of agriculture,arable land resource conditions,capital investment capacity,input of means of production),this article establishes evaluation indicator system of agricultural investment environment in Shaanxi Province,and based on this,make recommendations for improvement of agricultural investment environment in Shaanxi.

Prospect for strategic minerals exploration and development,investment environment and cooperation in Mozambique

Mozambique is an essential country in the Belt and Road Initiative,and it is also to cooperation between China and with Africa in energy resources.It is located in the critical node of the“East Africa Channel”and close to the“African Twin Ocean Railway”,which is an important strategic position.Mozambique has abundant mineral resources and vast reserves of advantageous minerals.The natural gas reserves of Mozambique ranked second in Africa.It also has world--class scale graphite and rich iron,gold,copper,niobium-tantalum and other resources.In recent years,the mining industry in this country has been rising and attracting many foreign companies to invest,including international mining giants such as Vale,Rio Tinto and large mining enterprises of China.This paper systematically studies the mineral resources endowment,exploration and development situations of natural gas,graphite,titanium-zircon placer deposits,niobium-tantalum,gold,iron and other strategic minerals in Mozambique,comprehensively analyzes the mining investment environment and the current situation of exploration and development of Chinese enterprises in Mozambique,and replans four safeguard areas of strategic mineral resources in critical short supply.Mozambique generally has good prospects of mining investment and a stable foundation for cooperation with China.Chinese enterprises can focus on oil and natural gas,graphite,titanium,zirconium,niobium,tantalum,and iron,which complement the needs of China,expand the mining capacity cooperation,and improve the ability to secure strategic mineral resources supply.

Henan's Infrastructure and Investment Environment

Henan Province has been working hard to improve its investment environment and build up its infrastructure ever since the start of China’s opening to the outside world. So far, the province has achieved great progress. Its annual output of raw coal is 90 million tons, ranking second in the country; it has an installed capacity of 7.6 million KWs, generating 43 billion KWhs of electricity per year.

An Introduction to the Investment Environment of Guizhou

Communications and Transport Guizhou Province has formed a communications and transport network radiating in all directions, with Guiyang as the center, the four railways of Qiangui, Chuanqian, Guikun and Xiangqian crossing the entire province, with a service mileage of 1468 kin. The Guikun, Chuanqian and Xiangqian railways have realized electrification, with an opera-

Changzhou's Investment Environment

Changzhou, located in the golden delta of the middle and lower reaches of the Yangtze River, is a famous cultural city with a recorded history of 2, 500 years. The city lying between Shanghai and Nanjing and neighbouring Suzhou and Wuxi is a developing city that is opening to the outside world and an important inland area of the Pudong Development Zone in Shanghai. It has the Yangtze River to the north, the Taihu River to the south and the Shanghai- Nanjing railway,

Creating a Better Environment for Foreign Investment

Opening markets to foreign investment has long been a cornerstone of China＇s opening-up policy. Both China＇s economy and foreign companies have achieved significant development over the past decades.

Legal Environment and Project Approval Procedures for Foreign Investments in China

1. Legal environment In the interests of safeguarding the lawful rights and interests of foreign investors in China, the laws and regulations concerning foreign af-fairs are being made or perfected in China. Over 100 laws & regulations have been promulgated, such as Law of the People’s Republic of China on Economic Contracts Involving Foreign Inter-