How does anti-corruption affect green innovation? Evidence from China

Jiamei Wu, Zhibin Chen and Chong Guo

Economic Analysis and Policy, 2022, vol. 73, issue C, 405-424

Abstract: This study investigates the impact of the anti-corruption campaign on listed companies’ green innovation in China. Using the difference-in-differences model, we find that firms located in regions with anti-corruption inspections have more green innovation, and this association still exists after a series of robustness tests. Moreover, the positive relationship is partially mediated by firms’ rent-seeking. In addition, we document that the influences are particularly significant in sub-samples with high levels of political connection. This study provides evidence of the advantage of anti-corruption from the perspective of corporate green innovation, which can be helpful for governments that strive to improve the green innovation of market entities through the anti-corruption channel.

Keywords: Anti-corruption; Green innovation; Rent-seeking; Political connection; China; Difference-in-differences (search for similar items in EconPapers)
JEL-codes: G38 K32 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:73:y:2022:i:c:p:405-424

DOI: 10.1016/j.eap.2021.12.004

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