Empirical Study on the Manufacturing Enterprises Servitization and Environmental Protection Investment in Manufacturing Enterprises

Abstract

Environmental protection is one of the hot topics in the world under the trend of manufacturing servitization, it is of great theoretical significance and practical value to study how enterprises servitization affect environmental protection investment. Therefore, this paper collects China's A-share non-ST manufacturing listed companies from 2007 to 2019 as samples, and finds that the manufacturing enterprises servitization has highly negative impact on environmental protection investment. Among them, the efficiency mechanism is as follow: the manufacturing enterprises servitization obviously reduces the environmental protection investment by improving the production efficiency of the whole factor; the crowding mechanism is as follow: under the resource constraint condition, the large amount of capital occupation of the servitization forces the enterprise to reduce the investment of environmental protection. Furthermore, from the perspective of industry characteristics and national servitization strategy, this paper discusses the influence of efficiency and crowding on the relationship between servitization and environmental protection investment. The research results are of great significance for manufacturing enterprises to realize green development and improve environmental protection level.