Government environmental protection subsidies and corporate green innovation: Evidence from Chinese microenterprises
This paper explores the impact of government environmental protection subsidies on corporate green innovation using panel data of listed companies from 2007 to 2019. The results show that such subsidies can significantly promote corporate green innovation, and the results are robust. Financing const...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-01-01
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| Series: | Journal of Innovation & Knowledge |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2444569X23001531 |
| _version_ | 1827312342520561664 |
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| author | Feng Han Xin Mao Xinyu Yu Ligao Yang |
| author_facet | Feng Han Xin Mao Xinyu Yu Ligao Yang |
| author_sort | Feng Han |
| collection | DOAJ |
| description | This paper explores the impact of government environmental protection subsidies on corporate green innovation using panel data of listed companies from 2007 to 2019. The results show that such subsidies can significantly promote corporate green innovation, and the results are robust. Financing constraints, research and development (R&D) willingness, and resource allocation efficiency are important variables for government environmental protection subsidies to promote corporate green innovation. Further analysis shows that compared with industrial policies at the provincial level, the key supportive industrial policies at the central level have a more obvious reinforcing effect on government environmental subsidies to promote enterprise green innovation. Furthermore, government environmental subsidies in the eastern, middle, and western regions benefit the promotion of enterprise green innovation, and the promotional effect is stronger in the middle and western regions. Compared with state-owned enterprises, government environmental subsidies have a more obvious promotional effect on promoting green innovation of non-state-owned enterprises. This paper provides strong theoretical inspiration for better playing the positive incentive role of government intervention with the help of government environmental protection subsidies. |
| first_indexed | 2024-03-08T16:26:32Z |
| format | Article |
| id | doaj.art-b14d4c15736a4ceb8e3c8f743f15da45 |
| institution | Directory Open Access Journal |
| issn | 2444-569X |
| language | English |
| last_indexed | 2024-04-24T21:41:50Z |
| publishDate | 2024-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Innovation & Knowledge |
| spelling | doaj.art-b14d4c15736a4ceb8e3c8f743f15da452024-03-21T05:37:11ZengElsevierJournal of Innovation & Knowledge2444-569X2024-01-0191100458Government environmental protection subsidies and corporate green innovation: Evidence from Chinese microenterprisesFeng Han0Xin Mao1Xinyu Yu2Ligao Yang3Corresponding author at: Nanjing Audit University, No.86 Yushan West Road, Jiangpu Street, Pukou District, Nanjing, China.; School of Economics, Nanjing Audit University, PR China; School of Economics and Management, Changsha University of Science & Technology, PR ChinaSchool of Economics, Nanjing Audit University, PR China; School of Economics and Management, Changsha University of Science & Technology, PR ChinaSchool of Economics, Nanjing Audit University, PR China; School of Economics and Management, Changsha University of Science & Technology, PR ChinaSchool of Economics, Nanjing Audit University, PR China; School of Economics and Management, Changsha University of Science & Technology, PR ChinaThis paper explores the impact of government environmental protection subsidies on corporate green innovation using panel data of listed companies from 2007 to 2019. The results show that such subsidies can significantly promote corporate green innovation, and the results are robust. Financing constraints, research and development (R&D) willingness, and resource allocation efficiency are important variables for government environmental protection subsidies to promote corporate green innovation. Further analysis shows that compared with industrial policies at the provincial level, the key supportive industrial policies at the central level have a more obvious reinforcing effect on government environmental subsidies to promote enterprise green innovation. Furthermore, government environmental subsidies in the eastern, middle, and western regions benefit the promotion of enterprise green innovation, and the promotional effect is stronger in the middle and western regions. Compared with state-owned enterprises, government environmental subsidies have a more obvious promotional effect on promoting green innovation of non-state-owned enterprises. This paper provides strong theoretical inspiration for better playing the positive incentive role of government intervention with the help of government environmental protection subsidies.http://www.sciencedirect.com/science/article/pii/S2444569X23001531H23O31O38O32 |
| spellingShingle | Feng Han Xin Mao Xinyu Yu Ligao Yang Government environmental protection subsidies and corporate green innovation: Evidence from Chinese microenterprises Journal of Innovation & Knowledge H23 O31 O38 O32 |
| title | Government environmental protection subsidies and corporate green innovation: Evidence from Chinese microenterprises |
| title_full | Government environmental protection subsidies and corporate green innovation: Evidence from Chinese microenterprises |
| title_fullStr | Government environmental protection subsidies and corporate green innovation: Evidence from Chinese microenterprises |
| title_full_unstemmed | Government environmental protection subsidies and corporate green innovation: Evidence from Chinese microenterprises |
| title_short | Government environmental protection subsidies and corporate green innovation: Evidence from Chinese microenterprises |
| title_sort | government environmental protection subsidies and corporate green innovation evidence from chinese microenterprises |
| topic | H23 O31 O38 O32 |
| url | http://www.sciencedirect.com/science/article/pii/S2444569X23001531 |
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