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Can environmental investors stimulate corporate green technological innovation?-Evidence from China

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成果类型:
期刊论文
作者:
Wang, Hui;Lin, Weifen;Xie, Rui;Ma, Chunbo;Gong, Linyun
通讯作者:
Xie, R;Lin, WF
作者机构:
[Xie, R; Wang, Hui; Xie, Rui] Hunan Univ, Sch Econ & Trade, Changsha 410006, Peoples R China.
[Lin, Weifen] Shanghai Univ Finance & Econ, Sch Urban & Reg Sci, Shanghai, Peoples R China.
[Ma, Chunbo] Univ Western Australia, Sch Agr & Environm, Dept Agr & Resource Econ, Crawley, WA, Australia.
[Gong, Linyun] Cent South Univ Forestry & Technol, Swan Coll, Changsha, Peoples R China.
[Lin, Weifen; Lin, WF] South China Agr Univ, Coll Econ & Management, Guangzhou 510642, Peoples R China.
通讯机构:
[Xie, R ] H
[Lin, WF ] S
Hunan Univ, Sch Econ & Trade, Changsha 410006, Peoples R China.
South China Agr Univ, Coll Econ & Management, Guangzhou 510642, Peoples R China.
语种:
英文
关键词:
Environmental investors;green technological innovation;environmental investment;environmental subsidies;M21;Q01;Q55;Q56
期刊:
Applied Economics
ISSN:
0003-6846
年:
2024
基金类别:
National Natural Science Foundation of China [72204080]; Outstanding Youth Science Foundation of Hunan Province [2021JJ10027]
机构署名:
本校为其他机构
院系归属:
涉外学院
摘要:
Using a sample of A-share listed enterprises in the Shanghai and Shenzhen Stock Exchanges, this study shows that environmental investors can effectively stimulate green technological innovation measured by green patents. The stimulating effect is substantially heterogeneous across different types of enterprises and innovations. The mechanism analysis reveals that environmental investors promote green innovation mainly by increasing internal environmental investment rather than by obtaining more government subsidies. This study provides rare micro-evidence of the impo...

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