Economic policy uncertainty and green innovation: evidence from China

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buir.contributor.authorŞensoy, Ahmet
buir.contributor.orcidŞensoy, Ahmet|0000-0001-7967-5171
dc.citation.epage12en_US
dc.citation.spage1
dc.citation.volumeNumber118
dc.contributor.authorCui, X.
dc.contributor.authorWang, C.
dc.contributor.authorŞensoy, Ahmet
dc.contributor.authorLiao, J.
dc.contributor.authorXie, X.
dc.date.accessioned2024-03-14T10:46:54Z
dc.date.available2024-03-14T10:46:54Z
dc.date.issued2022-11-11
dc.departmentDepartment of Management
dc.description.abstractFrequent economic policy adjustments lead to significant increases in economic policy uncertainty (EPU). Few studies have investigated whether EPU influences corporate green innovation. Using a sample of Chinese A-share listed firms from 2005 to 2019, we find strong evidence that EPU is significantly and negatively associated with corporate green innovation. Our moderating effect analysis shows that financial constraints exacerbate the negative impact of EPU on green innovation, while government environmental subsidies can significantly mitigate the negative EPU effect. Moreover, the negative relationship between EPU and green innovation is salient in privately owned enterprises, firms with less industry competition, and firms in regions with weak intellectual property protection. This study has important implications for policymakers regarding increasing government expenditure on environmental protection and strengthening intellectual property protection to promote corporate green innovation.
dc.description.provenanceMade available in DSpace on 2024-03-14T10:46:54Z (GMT). No. of bitstreams: 1 Economic_policy_uncertainty_and_green_innovation_evidence_from_China.pdf: 611411 bytes, checksum: 44914c453dd03d56c3b9f4da724467be (MD5) Previous issue date: 2022-11-11en
dc.embargo.release2025-11-11
dc.identifier.doi10.1016/j.econmod.2022.106104
dc.identifier.eissn1873-6122
dc.identifier.issn0264-9993
dc.identifier.urihttps://hdl.handle.net/11693/114740
dc.language.isoen
dc.publisherElsevier
dc.relation.isversionofhttps://dx.doi.org/10.1016/j.econmod.2022.106104
dc.rightsCC BY-NC-ND (Attribution-NonCommercial-NoDerivs 4.0 International)
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.source.titleEconomic Modelling
dc.subjectEconomic policy uncertainty
dc.subjectCorporate green innovation
dc.subjectFinancial constraints
dc.subjectIntellectual property protection
dc.titleEconomic policy uncertainty and green innovation: evidence from China
dc.typeArticle

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