Trapped in Tradition or Trailblazing Change? Unveiling the Dual Nature of Path Dependence in Manufacturing Pollution Control
This study employs panel data from 1884 listed manufacturing companies in China (2009–2021) to investigate the environmental effects of path dependence on atmospheric pollution emissions. Using dictionary-based textual analysis of annual reports, we measure three dimensions of path dependence—technological, institutional, and managerial—and examine their non-linear relationships with sulfur dio...