The Porter Hypothesis,proposed by Michael E.Porter,suggests that stringent environmental regulations can enhance corporate innovation and competitiveness,challenging the traditional view that regulations increase busi...The Porter Hypothesis,proposed by Michael E.Porter,suggests that stringent environmental regulations can enhance corporate innovation and competitiveness,challenging the traditional view that regulations increase business costs.It argues that regulations motivate firms to innovate,leading to improved productivity,cost reductions,and new market opportunities.However,there are proponents and critics in academia regarding the hypothesis.Supporters claim regulations change corporate behavior,reducing agency costs and boosting research and development.Critics argue that if win-win situations exist,businesses would naturally pursue them without regulatory incentives.Key challenges in proving or refuting the hypothesis include its various versions,the difficulty in quantifying innovation and competitiveness,the complex interplay between regulation,innovation,and competitiveness,and the varying impacts across industries and regions.Additionally,the effects may require a long time to manifest,and the hypothesis’s applicability is influenced by evolving environmental policies and market environments.Despite mixed empirical findings,the Porter Hypothesis provides a valuable framework for understanding the relationships among environmental regulation,innovation,and competitiveness,but its validation requires a more comprehensive assessment.展开更多
Based on theoretical derivation,this paper aims to analyse the internal relationship between Porter Hypothesis and Environmental Kuznets Curve.Conclusions were made:(1)In terms of theoretical analysis and empirical re...Based on theoretical derivation,this paper aims to analyse the internal relationship between Porter Hypothesis and Environmental Kuznets Curve.Conclusions were made:(1)In terms of theoretical analysis and empirical researches,the existence of inverted U-shaped EKC and U-shaped Porter Curve has its rationality,most of the controversy come from the misuse and diversity of empirical methods;(2)The progress of Porter Hypothesis also relys on economic growth,which is compatible with EKC;(3)Similar to EKC,a threshold effect exist in the process of technological progress.Environmental regulation is a driving force to promote the widespread use of green technology and reach the threshold.(4)In the process of speeding up economic development,government should gradually increase the intensity of environmental regulation.展开更多
This paper investigates the empirical validity of the Weak Form Efficient Market Hypothesis for American, European and Asian stock markets. Random Walk Hypothesis is used to prove weak form efficiency in American, Eur...This paper investigates the empirical validity of the Weak Form Efficient Market Hypothesis for American, European and Asian stock markets. Random Walk Hypothesis is used to prove weak form efficiency in American, European and Asian stock indices. ADF and PP Unit Root Tests have been used to test unit root in time series of daily data of American, European and Asian stock indices. Results show that sample of stock markets are weak-form efficient in terms of the Random Walk Hypothesis.展开更多
文摘The Porter Hypothesis,proposed by Michael E.Porter,suggests that stringent environmental regulations can enhance corporate innovation and competitiveness,challenging the traditional view that regulations increase business costs.It argues that regulations motivate firms to innovate,leading to improved productivity,cost reductions,and new market opportunities.However,there are proponents and critics in academia regarding the hypothesis.Supporters claim regulations change corporate behavior,reducing agency costs and boosting research and development.Critics argue that if win-win situations exist,businesses would naturally pursue them without regulatory incentives.Key challenges in proving or refuting the hypothesis include its various versions,the difficulty in quantifying innovation and competitiveness,the complex interplay between regulation,innovation,and competitiveness,and the varying impacts across industries and regions.Additionally,the effects may require a long time to manifest,and the hypothesis’s applicability is influenced by evolving environmental policies and market environments.Despite mixed empirical findings,the Porter Hypothesis provides a valuable framework for understanding the relationships among environmental regulation,innovation,and competitiveness,but its validation requires a more comprehensive assessment.
文摘Based on theoretical derivation,this paper aims to analyse the internal relationship between Porter Hypothesis and Environmental Kuznets Curve.Conclusions were made:(1)In terms of theoretical analysis and empirical researches,the existence of inverted U-shaped EKC and U-shaped Porter Curve has its rationality,most of the controversy come from the misuse and diversity of empirical methods;(2)The progress of Porter Hypothesis also relys on economic growth,which is compatible with EKC;(3)Similar to EKC,a threshold effect exist in the process of technological progress.Environmental regulation is a driving force to promote the widespread use of green technology and reach the threshold.(4)In the process of speeding up economic development,government should gradually increase the intensity of environmental regulation.
文摘This paper investigates the empirical validity of the Weak Form Efficient Market Hypothesis for American, European and Asian stock markets. Random Walk Hypothesis is used to prove weak form efficiency in American, European and Asian stock indices. ADF and PP Unit Root Tests have been used to test unit root in time series of daily data of American, European and Asian stock indices. Results show that sample of stock markets are weak-form efficient in terms of the Random Walk Hypothesis.
