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.
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页数：17
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