| Title | How do green bonds affect green technology innovation? Firm evidence from China |
|---|---|
| ID_Doc | 30110 |
| Authors | Lin, T; Du, MY; Ren, SY |
| Title | How do green bonds affect green technology innovation? Firm evidence from China |
| Year | 2022 |
| Published | Green Finance, 4, 4 |
| Abstract | As an emerging financial tool, green bonds can broaden the financing channels of enterprises and stimulate the green innovation of enterprises. Based on the A-share data of Chinese listed companies from 2012 to 2020, this paper analyzes the impact of green bonds on green technology innovation by using a method of Difference in Difference with Propensity Score Matching (PSM-DID). We found that green bonds can significantly improve enterprise green technology innovation. Its positive impact is attributed to increases in media attention and R&D capital investment and a reduction in financing constraints. Green bonds play a greater role in the green innovation of strong financial constraints enterprises, non-SOEs and large-scale enterprises. Our findings have important reference significance for the improvement of the resource allocation role of green bonds and achievement of sustainable growth. |
| https://doi.org/10.3934/gf.2022024 |
Similar Articles
| ID | Score | Article |
|---|---|---|
30069
|
Zhang, JJ; Yang, G; Ding, XH; Qin, J Can green bonds empower green technology innovation of enterprises?(2024)Environmental Science And Pollution Research, 31, 7 | |
| 30087
|
Wan, K; Cao, L; He, YR Can green bonds promote corporate green technology innovation?--evidence from China(2024) | |
| 7470
|
Rao, HC; Chen, DX; Shen, FC; Shen, YY Can Green Bonds Stimulate Green Innovation in Enterprises? Evidence from China(2022)Sustainability, 14, 23 | |
| 35021
|
Wang, T; Liu, XX; Wang, H Green bonds, financing constraints, and green innovation(2022) | |
| 35427
|
Wang, YF; Liu, J; Yang, XR; Shi, M; Ran, R The mechanism of green finance's impact on enterprises' sustainable green innovation(2023)Green Finance, 5, 3 | |
| 35449
|
Gao, D; Mo, XL; Duan, K; Li, Y Can Green Credit Policy Promote Firms' Green Innovation? Evidence from China(2022)Sustainability, 14, 7 | |
| 35346
|
Zhang, Y; Xing, C; Wang, Y Does green innovation mitigate financing constraints? Evidence from China's private enterprises(2020) | |
| 30083
|
Jiang, SS; Liu, XJ; Liu, ZL; Shi, H; Xu, HD Does green finance promote enterprises' green technology innovation in China?(2022) | |
| 35117
|
Fang, XB; Liu, MT; Li, GQ Can The Green Credit Policy Promote Green Innovation In Enterprises? Empirical Evidence From China(2024)Technological And Economic Development Of Economy, 30, 4 | |
| 30166
|
Sun, XY; Zhang, AL; Zhu, MZ Impact of Pilot Zones for Green Finance Reform and Innovations on green technology innovations: evidence from Chinese manufacturing corporates(2023)Environmental Science And Pollution Research, 30, 15 |