| Title |
How Does Climate Policy Uncertainty Affect Green Innovation? Evidence from China |
| ID_Doc |
75651 |
| Authors |
Mao, K; Huang, JX |
| Title |
How Does Climate Policy Uncertainty Affect Green Innovation? Evidence from China |
| Year |
2022 |
| Published |
International Journal Of Environmental Research And Public Health, 19, 23 |
| DOI |
10.3390/ijerph192315745 |
| Abstract |
In response to climate change, governments have adopted various climate policies. However, climate policy uncertainty (CPU) may have important implications for the business sector. Is enterprise green innovation (GI) affected by CPU? This study investigates the impact of CPU on enterprise GI. The China CPU index is created first in this study. It uses panel data from Chinese A-share listed companies in China from 2010 to 2021 to explore the impact of CPU on GI through the fixed effects model, the mediating effects model, and the moderating effects model. The results show that: (1) CPU significantly suppresses GI, according to the findings. (2) CPU inhibits enterprise GI by exacerbating enterprise financing constraints. (3) Government subsidies can mitigate the inhibiting effect of CPU on GI. (4) There is heterogeneity in the negative impact of CPU on enterprise GI, mainly on non-state-owned enterprises. This study suggests several recommendations for coping with CPU in China. |
| Author Keywords |
climate policy uncertainty (CPU); green innovation (GI); government subsidies |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000896477100001 |
| WoS Category |
Environmental Sciences; Public, Environmental & Occupational Health |
| Research Area |
Environmental Sciences & Ecology; Public, Environmental & Occupational Health |
| PDF |
https://www.mdpi.com/1660-4601/19/23/15745/pdf?version=1669453944
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