 Regional financial reform and corporate green innovation–Evidence based on the establishment of China National Financial Comprehensive Reform Pilot ZonesChen Chen, Tian Zhang, Haitao Chen and Xiulin Qi Finance Research Letters, 2024, vol. 60, issue C Abstract: Green innovation is a micro-individual behavior that balances development and environmental protection, but relies on a good macro-market environment and institutional safeguards. A policy named China National Financial Comprehensive Reform Pilot Zones aims to improve the regional financial environment. This paper uses it as a quasi-natural experiment to measure the role of regional financial reforms on corporate green innovation. we found that: regional financial reforms significantly enhance corporate green innovation. Next, this green innovation promotion is more pronounced for regions with developed markets or green financial reforms, as well as for high-polluting and entity companies. Furthermore, the financing constraints and size of companies have an impact on the redistribution of reform dividends. Keywords: Regional financial reform; Corporate green innovation; China National Financial Comprehensive Reform Pilot Zones; Redistribution of reform dividends (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012217 DOI: 10.1016/j.frl.2023.104849 Access Statistics for this article Finance Research Letters is currently edited by R. Gençay More articles in Finance Research Letters from Elsevier |
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