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Author:

Sun, Xinyu (Sun, Xinyu.) | Zhang, Aili (Zhang, Aili.) | Zhu, Mengze (Zhu, Mengze.)

Indexed by:

EI Scopus SCIE

Abstract:

Green technology innovation is a crucial factor in the global quest for sustainability. In 2017, China approved the establishment of Pilot Zones for Green Financial Reform and Innovations to build and improve the green financial system. Using a difference-in-difference (DID) model, this paper examines the impact of this pilot policy on corporate green technology innovation and its transmission mechanism based on the data of green patents of Chinese A-share listed manufacturing companies between 2014 and 2019. It is found that Pilot Zones for Green Financial Reform and Innovations have contributed to the growth of green technology innovations. This conclusion is confirmed after a series of robustness tests. The pilot policy's promotion of green technology innovations is mainly reflected in the application of corporate green invention patents. However, it is more significant for non-heavy polluting enterprises, high-tech certified enterprises, and large enterprises. The paper also finds that the pilot policy promotes corporate green technology innovation by promoting social financing, talent support, and government financial support.

Keyword:

Difference-in-difference model Corporate green technology innovations Pilot zones for green finance reform and innovations

Author Community:

  • [ 1 ] [Sun, Xinyu]Beijing Univ Technol, Sch Econ & Management, 100 Pingleyuan, Beijing 100124, Peoples R China
  • [ 2 ] [Zhang, Aili]Beijing Univ Technol, Sch Econ & Management, 100 Pingleyuan, Beijing 100124, Peoples R China
  • [ 3 ] [Zhu, Mengze]Beijing Univ Technol, Sch Econ & Management, 100 Pingleyuan, Beijing 100124, Peoples R China

Reprint Author's Address:

  • [Sun, Xinyu]Beijing Univ Technol, Sch Econ & Management, 100 Pingleyuan, Beijing 100124, Peoples R China;;

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Source :

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH

ISSN: 0944-1344

Year: 2023

Issue: 15

Volume: 30

Page: 43901-43913

5 . 8 0 0

JCR@2022

ESI Discipline: ENVIRONMENT/ECOLOGY;

ESI HC Threshold:17

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 0

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