The market value of green innovation: A comparative analysis of global renewable energy firms

Xin Lv, Tianyu Liu, Weijia Dong and Wenjun Su

Finance Research Letters, 2023, vol. 51, issue C

Abstract: This paper conducts an overall, cross-country comparative study on the issue of market value of green innovations. First, we find that green patents and their citations have smaller or insignificant impacts on the market value of renewable energy firms. Second, the positive impacts of R&D investment and patent count on the market value in Europe and China are higher than those in the United States.

Keywords: Green innovation; Market value; Renewable energy firms (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:51:y:2023:i:c:s1544612322006663

DOI: 10.1016/j.frl.2022.103490

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