Green credit policy and green innovation in green industries: Does climate policy uncertainty matter?

Yanan Du and Qunna Guo

Finance Research Letters, 2023, vol. 58, issue PC

Abstract: We explore the influence of the green credit policy (GCP) on green enterprises' green innovation behaviour and the moderating effect of climate policy uncertainty (CPU). We find that the GCP enhances strategic and substantive green innovation behaviour in green enterprises, and the promotion effect of the former is greater. Higher CPU positively moderates the relationship between the GCP and green innovation. The CPU perception weakens the green innovation effect of the GCP. Moreover, managerial myopia and government R&D subsidies have heterogeneous effects on the green innovation effect of the GCP in a context of increasing CPU and CPU perception.

Keywords: Green credit policy; Green industry; Strategic green innovation; Substantive green innovation; Climate policy uncertainty; Climate policy uncertainty perception (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:58:y:2023:i:pc:s154461232300884x

DOI: 10.1016/j.frl.2023.104512

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