Perception of Economic Policy Uncertainty and Energy Consumption Intensity: Evidence from Construction Companies
Using 2010–2019 data from 404 listed construction companies in China, we explore the relationship between perception of economic policy uncertainty (PEPU) and energy consumption intensity (ECI) based on a fixed effects model controlling for company, year, and city fixed effects, with standard errors...
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| Format: | Article |
| Language: | English |
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MDPI AG
2025-06-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/18/12/3183 |
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| author | Yulu Liang Ruiling Dong Ruiyifan Wan Shenglin Ma Yongjian Huang Donghui Pan |
| author_facet | Yulu Liang Ruiling Dong Ruiyifan Wan Shenglin Ma Yongjian Huang Donghui Pan |
| author_sort | Yulu Liang |
| collection | DOAJ |
| description | Using 2010–2019 data from 404 listed construction companies in China, we explore the relationship between perception of economic policy uncertainty (PEPU) and energy consumption intensity (ECI) based on a fixed effects model controlling for company, year, and city fixed effects, with standard errors clustered at the industry level. The results show that the perception of economic policy uncertainty reduces construction enterprise energy consumption intensity, and this result holds after a series of robustness and endogeneity tests. Further, this effect is stronger in firms with more green shareholders, environmental information disclosure, and external attention. Moreover, mechanism analysis indicates that internal control enhancement and green innovation improvement, including quantity and quality, are the underlying channels through which the perception of economic policy uncertainty influences energy consumption intensity. |
| format | Article |
| id | doaj-art-8a49fcd7514d4247baa94d51915063d3 |
| institution | Kabale University |
| issn | 1996-1073 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj-art-8a49fcd7514d4247baa94d51915063d32025-08-20T03:27:14ZengMDPI AGEnergies1996-10732025-06-011812318310.3390/en18123183Perception of Economic Policy Uncertainty and Energy Consumption Intensity: Evidence from Construction CompaniesYulu Liang0Ruiling Dong1Ruiyifan Wan2Shenglin Ma3Yongjian Huang4Donghui Pan5School of Business, Beijing Technology and Business University, Beijing 100048, ChinaSchool of Business, Beijing Technology and Business University, Beijing 100048, ChinaSchool of Business, Beijing Technology and Business University, Beijing 100048, ChinaSchool of Economics and Management, North University of China, Taiyuan 030051, ChinaSchool of Finance, Central University of Finance and Economics, Beijing 100081, ChinaSchool of Management Science and Engineering, Central University of Finance and Economics, Beijing 100081, ChinaUsing 2010–2019 data from 404 listed construction companies in China, we explore the relationship between perception of economic policy uncertainty (PEPU) and energy consumption intensity (ECI) based on a fixed effects model controlling for company, year, and city fixed effects, with standard errors clustered at the industry level. The results show that the perception of economic policy uncertainty reduces construction enterprise energy consumption intensity, and this result holds after a series of robustness and endogeneity tests. Further, this effect is stronger in firms with more green shareholders, environmental information disclosure, and external attention. Moreover, mechanism analysis indicates that internal control enhancement and green innovation improvement, including quantity and quality, are the underlying channels through which the perception of economic policy uncertainty influences energy consumption intensity.https://www.mdpi.com/1996-1073/18/12/3183perception of economic policy uncertaintyenergy consumption intensityconstruction companyinternal controlgreen innovationChina |
| spellingShingle | Yulu Liang Ruiling Dong Ruiyifan Wan Shenglin Ma Yongjian Huang Donghui Pan Perception of Economic Policy Uncertainty and Energy Consumption Intensity: Evidence from Construction Companies Energies perception of economic policy uncertainty energy consumption intensity construction company internal control green innovation China |
| title | Perception of Economic Policy Uncertainty and Energy Consumption Intensity: Evidence from Construction Companies |
| title_full | Perception of Economic Policy Uncertainty and Energy Consumption Intensity: Evidence from Construction Companies |
| title_fullStr | Perception of Economic Policy Uncertainty and Energy Consumption Intensity: Evidence from Construction Companies |
| title_full_unstemmed | Perception of Economic Policy Uncertainty and Energy Consumption Intensity: Evidence from Construction Companies |
| title_short | Perception of Economic Policy Uncertainty and Energy Consumption Intensity: Evidence from Construction Companies |
| title_sort | perception of economic policy uncertainty and energy consumption intensity evidence from construction companies |
| topic | perception of economic policy uncertainty energy consumption intensity construction company internal control green innovation China |
| url | https://www.mdpi.com/1996-1073/18/12/3183 |
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