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

被引：0
|
作者：
Wang, Hui [1 ]
Lin, Weifen [2 ,5 ]
Xie, Rui [1 ]
Ma, Chunbo [3 ]
Gong, Linyun [4 ]
机构：
[1] Hunan Univ, Sch Econ & Trade, Changsha 410006, Peoples R China
[2] Shanghai Univ Finance & Econ, Sch Urban & Reg Sci, Shanghai, Peoples R China
[3] Univ Western Australia, Sch Agr & Environm, Dept Agr & Resource Econ, Crawley, WA, Australia
[4] Cent South Univ Forestry & Technol, Swan Coll, Changsha, Peoples R China
[5] South China Agr Univ, Coll Econ & Management, Guangzhou 510642, Peoples R China
来源：
APPLIED ECONOMICS | 2024年
基金：
中国国家自然科学基金;
关键词：
Environmental investors; green technological innovation; environmental investment; environmental subsidies; M21; Q01; Q55; Q56; SOCIAL-RESPONSIBILITY; TECHNICAL CHANGE; DRIVERS; IMPACT;
D O I：
10.1080/00036846.2024.2364916
中图分类号：
F [经济];
学科分类号：
02 ;
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 important role of independent environmental investors in green innovation.
引用
下载
收藏
页数：17
相关论文
共 50 条
  • [31] Environmental regulation and corporate sustainability: Evidence from green innovation
    Zhuo, Weijia
    CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2023, 30 (04) : 1723 - 1737
  • [32] New media environment, green technological innovation and corporate productivity: Evidence from listed companies in China
    Sun, Jianhua
    Hou, Shaobo
    Deng, Yuxia
    Li, Huaicheng
    ENERGY ECONOMICS, 2024, 131
  • [33] Can green innovation mitigate corporate stock price crash risk? Evidence from China
    Suo, Xuekun
    Lin, Han
    Yuan, Ming
    Zhang, Longting
    Lu, Yuhe
    Ma, Hanyang
    ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY, 2024,
  • [34] Can urban digital intelligence transformation promote corporate green innovation? Evidence from China
    Guo, Xing
    Xu, Jiajun
    Journal of Environmental Management, 2024, 371
  • [35] New media environment, environmental regulation and corporate green technology innovation:Evidence from China
    Li, Zhenghui
    Huang, Zimei
    Su, Yaya
    ENERGY ECONOMICS, 2023, 119
  • [36] Green finance reform and corporate innovation: Evidence from China
    Liu, Chen
    Xiong, Mengxu
    FINANCE RESEARCH LETTERS, 2022, 48
  • [37] Environmental cooperation system, ESG performance and corporate green innovation: Empirical evidence from China
    Shi, Qiang
    Chen, Gang
    Huang, Dawei
    FRONTIERS IN PSYCHOLOGY, 2023, 14
  • [38] Environmental Legitimacy, Green Innovation, and Corporate Carbon Disclosure: Evidence from CDP China 100
    Dayuan Li
    Min Huang
    Shenggang Ren
    Xiaohong Chen
    Lutao Ning
    Journal of Business Ethics, 2018, 150 : 1089 - 1104
  • [39] Environmental Legitimacy, Green Innovation, and Corporate Carbon Disclosure: Evidence from CDP China 100
    Li, Dayuan
    Huang, Min
    Ren, Shenggang
    Chen, Xiaohong
    Ning, Lutao
    JOURNAL OF BUSINESS ETHICS, 2018, 150 (04) : 1089 - 1104
  • [40] Have environmental regulations promoted green technological innovation in cities? Evidence from China's green patents
    Zhang, Ming
    Xie, Wancheng
    Gao, Wen
    PLOS ONE, 2022, 17 (12):
12345