Open Access Journal Article

Research on Stability of Green Transformation Strategy of Manufacturing Enterprises under Multi-dimensional Environmental Regulation

by Yan Qin a,* ,  Sufeng Li a ,  Haiyong Jiang a ,  Zhenyu Chen b  and  Chuanlong Ma c
a
School of Business, Guilin University of Technology, Guilin, China
b
Affairs Service Center of Ecological Environment of Liaoning Province, Shenyang, China
c
Business Management of Business School, University of Sheffield, Sheffield, UK
*
Author to whom correspondence should be addressed.
REA  2023, 15; 2(2), 15; https://doi.org/10.58567/rea02020005
Received: 9 June 2023 / Accepted: 30 June 2023 / Published Online: 22 August 2023
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Abstract

Giving full play to the interaction of multi-dimensional environmental regulation is an important method to accelerate the green transformation of manufacturing enterprises which is a significant way to achieve carbon peaking and carbon neutrality goals. Based on the theory of evolution game, a green transformation strategy evolution game model participated by the government, consumers, and manufacturing enterprises has been constructed. Stability research is conducted based on the behavioral mode of the three parties participating subjects and the paper uses MATLAB for numerical simulation to analyze the impact of environmental regulations of different dimensions on the green transformation of enterprises. The research shows that: (1) When the government adopts a single environmental regulation of carbon emission right transaction or green consumption subsidy, it will not affect the choice of green transformation strategies of the enterprise. (2) When the government adopts a single environmental regulation of environmental protection tax, it only promotes enterprises to choose green transformation strategies under limited conditions. (3) Under the multi-dimensional environmental regulations of the government, by affecting the cost and income of enterprise green technology innovation, consumers’ green consumption behavior, and the manufacturing enterprises choose green transformation as a stable strategy. Therefore, the government should give full play to the role of multi-dimensional environmental regulations in promoting consumers' green consumption and enterprises’ green technology innovation to accelerate the green transformation of manufacturing enterprises.

Keywords: Multi-dimensional environmental regulation; Green consumption; Green transformation of manufacturing enterprises; Three-party evolution game;
Copyright: © 2023 by Qin, Li, Jiang, Chen and Ma. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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Funding

Guilin University of Technology Research Start-up Fund "Research on the Long-term Mechanism of Ecological Industrialization in Guangxi Ethnic Poor Areas (GUTQDJJ2018120)

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ACS Style
Qin, Y.; Li, S.; Jiang, H.; Chen, Z.; Ma, C. Research on Stability of Green Transformation Strategy of Manufacturing Enterprises under Multi-dimensional Environmental Regulation. Review of Economic Assessment, 2023, 2, 15. https://doi.org/10.58567/rea02020005
AMA Style
Qin Y, Li S, Jiang H, Chen Z, Ma C. Research on Stability of Green Transformation Strategy of Manufacturing Enterprises under Multi-dimensional Environmental Regulation. Review of Economic Assessment; 2023, 2(2):15. https://doi.org/10.58567/rea02020005
Chicago/Turabian Style
Qin, Yan; Li, Sufeng; Jiang, Haiyong; Chen, Zhenyu; Ma, Chuanlong 2023. "Research on Stability of Green Transformation Strategy of Manufacturing Enterprises under Multi-dimensional Environmental Regulation" Review of Economic Assessment 2, no.2:15. https://doi.org/10.58567/rea02020005
APA style
Qin, Y., Li, S., Jiang, H., Chen, Z., & Ma, C. (2023). Research on Stability of Green Transformation Strategy of Manufacturing Enterprises under Multi-dimensional Environmental Regulation. Review of Economic Assessment, 2(2), 15. https://doi.org/10.58567/rea02020005

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