| Title | New energy policy and green technology innovation of new energy enterprises: Evidence from China |
|---|---|
| ID_Doc | 30352 |
| Authors | Zhang, ZH; Luo, C; Zhang, GX; Shu, YQ; Shao, S |
| Title | New energy policy and green technology innovation of new energy enterprises: Evidence from China |
| Year | 2024 |
| Published | |
| Abstract | The New Energy Demonstration City Policy (NEDCP) is a green development strategy with Chinese characteristics, while new energy enterprises (NEEs) are micro-foundations for quick energy transition to new energy resources. A difference-in-difference-in-differences (DDD) model and green patent application data for A-share listed NEEs in Shanghai and Shenzhen from 2011 to 2019 are used to investigate the effect of NEDCP on the green technology innovation (GTI) of NEEs. We find that the NEDCP can significantly increase the GTI of NEEs. This promotional effect is mainly manifested in green invention patents, which include energy-saving and alternative energy patents. The NEDCP increases the GTI of non-state-owned companies and companies in regions focusing on the development of photovoltaic and biomass energy industries. The NEDCP promotes the GTI of NEEs by alleviating external financing constraints, strengthening internal incentives, and creating a favorable market environment. These findings are important for China to strengthen the GTI ability of enterprises through new energy policies, and can provide references for other developing economies. |
Similar Articles
| ID | Score | Article |
|---|---|---|
30594
|
Zhang, R; Kong, GQ; Sun, HP Can New-Type Urbanization Promote Enterprise Green Technology Innovation?-A Study Based on Difference-in-Differences Model(2023)Sustainability, 15, 7 | |
| 30596
|
Zhao, X; Shang, YP; Ma, XW; Xia, PF; Shahzad, U Does Carbon Trading Lead to Green Technology Innovation: Recent Evidence From Chinese Companies in Resource-Based Industries(2024) | |
| 30142
|
Zeng, Q; Tong, YJ; Yang, YY Can green finance promote green technology innovation in enterprises: empirical evidence from China(2023)Environmental Science And Pollution Research, 30, 37 | |
| 30139
|
Lu, N; Wu, JH; Liu, ZM How Does Green Finance Reform Affect Enterprise Green Technology Innovation? Evidence from China(2022)Sustainability, 14, 16 | |
| 30468
|
Yanghua, H; Jingbo, C; Shen, L Green Technology Innovation under China's New Development Concept: The Effects of Policy-Push and Demand-Pull on Renewable Energy Innovation(2023)Social Sciences In China, 44, 1 | |
| 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 | |
| 35572
|
Liu, S; Xu, RX; Chen, XY Does green credit affect the green innovation performance of high-polluting and energy-intensive enterprises? Evidence from a quasi-natural experiment(2021)Environmental Science And Pollution Research, 28, 46 | |
| 31427
|
Coussa, AN; Gugler, P; Reidy, J Assessing the development of green innovation in China through patent evolution: the hallmark of government policy and private enterprises(2024) | |
| 30404
|
Cui, ZT; Ning, YC; Song, J; Yang, J Impact of National Innovative City Policy on Enterprise Green Technology Innovation-Mediation Role of Innovation Environment and R&D Investment(2024)Sustainability, 16, 4 | |
| 30118
|
Chen, ZG; Zhang, YQ; Wang, HS; Ouyang, X; Xie, YX Can green credit policy promote low-carbon technology innovation?(2022) |