The government intervention directly achieves the strategic variation of industrial sector. Following this, the current study analyzes the impact of government concerns for green environment on investment decisions of industrial sector and how this effect changes across the countries that have developed financial sector. The sample size consists of financial statistics for the year 2007–2016 of non-financial sector firms from 11 selected economies of Asia. We employ panel EGLS (estimated generalized least square) and two-step system GMM (generalized method of moments) model due to problem of heteroskedasticity and endogeneity relatively. The statistical outputs of both models imply that carbon taxation has a negative impact while other green environmental strategies i.e., renewable energy utilization, production of electricity from renewable energy sources, and green growth productivity positively and significantly influence real investment decisions. Additionally, the statistical analysis illustrates the moderating impact of financial sector development on aforementioned relationship. The current analysis corroborates the thoughts of Porter's hypothesis and direct the important policy recommendations regarding environmental policies and their dynamical role in industrial sector investment decisions. Industrial sector should transform its energy needs from conventional energy production sources to renewable energy production due to positive impacts of renewable sources on investment.

政府干预直接实现了产业部门的战略变异。在此之后，当前的研究分析了政府对绿色环境的关注对工业部门投资决策的影响，以及这种影响如何在金融业发达的国家发生变化。样本量包括 2007-2016 年亚洲 11 个选定经济体的非金融部门公司的金融统计数据。由于相对异方差和内生性的问题，我们采用面板EGLS（估计广义最小二乘法）和两步系统GMM（广义矩法）模型。两种模型的统计输出都意味着碳税具有负面影响，而其他绿色环境战略，即可再生能源利用，可再生能源发电和绿色增长生产力对实际投资决策产生积极而显着的影响。此外，统计分析说明了金融部门发展对上述关系的缓和影响。当前的分析证实了波特假设的思想，并指导了有关环境政策及其在工业部门投资决策中的动态作用的重要政策建议。由于可再生能源对投资的积极影响，工业部门应将其能源需求从传统能源生产转向可再生能源生产。统计分析说明了金融部门发展对上述关系的缓和影响。当前的分析证实了波特假设的思想，并指导了有关环境政策及其在工业部门投资决策中的动态作用的重要政策建议。由于可再生能源对投资的积极影响，工业部门应将其能源需求从传统能源生产转向可再生能源生产。统计分析说明了金融部门发展对上述关系的缓和影响。当前的分析证实了波特假设的思想，并指导了有关环境政策及其在工业部门投资决策中的动态作用的重要政策建议。由于可再生能源对投资的积极影响，工业部门应将其能源需求从传统能源生产转向可再生能源生产。