The positive effects of green technology investments on growth expectations

Andras Takacs

Technology in Society, 2023, vol. 75, issue C

Abstract: This study presents evidence that investments in green technology and corporate environmental policies, or in other words, a move towards cleaner production, increase investors' growth expectations, resulting in a rise in firms' stock market value. Additionally, the study statistically demonstrates that the positive correlation between cleaner production and growth expectations strengthened during the latter half of the 2010s. The author employs the reverse discounted cash flow method as a novel technique to define the response variable for cleaner production. The study's outcomes carry crucial policy implications since well-targeted measures can amplify the favorable financial effects of green technology investments on regional, industry, or national economy levels.

Keywords: Cleaner production; Green technology; Environmental performance; Growth expectations; Reverse discounted cash flow method (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:teinso:v:75:y:2023:i:c:s0160791x23002129

DOI: 10.1016/j.techsoc.2023.102407

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