Research on emission reduction and efficiency enhancement of Specialized,Refined,Unique and Innovative policy enterprises
ZHU Ziqi
XIANG Xianhong
Abstract：The reduction of emissions and the enhancement of efficiency are crucial for the high-quality development of small and medium-sized enterprises(SMEs).To examine the impact of the Specialized,Refined,Unique,and Innovative(SRUI)Little Giant policy on the reduction of emissions and the enhancement of efficiency in SMEs,this study is based on the panel data of A-share listed companies in China from 2014 to 2023.By using the two-way fixed effects model,the intrinsic connection between the SRUI Little Giant policy and the"reduction of emissions and enhancement of efficiency"of enterprises is analyzed.The research results show that the SRUI Little Giant policy not only reduces the pollution emissions of enterprises but also improves their production efficiency,achieving a dual effect of"reduction of emissions and enhancement of efficiency",and this conclusion remains valid after a series of robustness tests.The mechanism test reveals that alleviating financing constraints and enhancing green innovation capabilities are the transmission mechanisms through which the SRUI Little Giant policy achieves the"reduction of emissions and enhancement of efficiency"in enterprises.The heterogeneity test indicates that the policy has a more significant"reduction of emissions and enhancement of efficiency"effect in the eastern region and non-resource-based regions,a"enhancement of efficiency"effect in the northern region,and a"reduction of emissions"effect in the southern region.Therefore,the study suggests continuing the gradient cultivation of SRUI Little Giant enterprises,while being vigilant about the development gap between the eastern,western,northern,and southern regions,improving the policy support system,focusing on developing the capabilities to alleviate financing constraints and green innovation,and promoting the coordinated development of the SRUI Little Giant policy in all regions to achieve the common development of reducing pollution emissions and enhancing production efficiency among all SMEs.
Keywords：specializedrefinedunique and innovative(SRUI)small and medium-sized enterprises(SMES)reduction of emissions and enhancement of efficiencyfinancing constraintsgreen innovation
Publication Date：2025-10-28
Online Publishing Date：2025-12-02(First online date of this platform, not the publication date of the document)
Pages：12( 81-92 )