Financial development, environmental regulation, and corporate green technology innovation: Evidence from Chinese listed companies

Zhenhuan Kong, Jianxiao Du, Yilin Kong and Xiaoyu Cui

Finance Research Letters, 2024, vol. 62, issue PA

Abstract: Examining Chinese publicly listed companies from 2010 to 2018, our research employs a difference-in-difference-in-differences approach to assess the impact of environmental regulations on corporate green technology innovation, with a focus on the role of financial development in the Chinese context. We find that environmental regulations significantly boost green technology innovation, and this effect is further magnified by financial development. We observe variations in the influence of financial development on corporate green technology innovation across different geographical regions and ownership structures within China.

Keywords: Environmental regulation; Financial development; Green technology innovation; Difference-in-difference-in-differences; Sustainable development (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001521

DOI: 10.1016/j.frl.2024.105122

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