Government R&D Subsidies, Environmental regulation and corporate green innovation performance

Hongyu Shi and Qun Zhou

Finance Research Letters, 2024, vol. 69, issue PB

Abstract: Through empirical analysis, this study proves that government R&D subsidies play a positive role in promoting enterprises' green innovation activities, and the strengthening of environmental regulation further amplifies this impact. Meanwhile, financing constraints and financing costs, acting as mediating variables, reveal the pathway by which government subsidies indirectly promote green innovation by improving the corporate financing environment. The research provides a basis for the government to formulate fiscal support policies to promote corporate green innovation.

Keywords: R&d subsidies; Green innovation; Environmental regulation; Corporate Performance; Government Subsidies (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324011188
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324011188

DOI: 10.1016/j.frl.2024.106088

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().