Protect your green line: Foreign residency rights and green innovation

Umer Sahil Maqsood, Shihao Wang, Qian Li and R. M. Ammar Zahid

Economics Letters, 2024, vol. 234, issue C

Abstract: This study examines the relationship between individuals possessing foreign residency rights (FRR) and their involvement in the green innovation (GI) of Chinese private enterprises. The study's findings reveal a detrimental influence of FRR on GI, primarily due to heightened financing costs that impede firms' progress in GI. However, this adverse impact is alleviated through the implementation of the Mass Entrepreneurship Innovation Campaign and firms with political connections. Furthermore, our findings indicate that extradition agreements reduce entrepreneurial feeling, fostering trust among investors, stakeholders, and creditors, thus minimizing the detrimental effects of FRR on GI. Results remain robust against alternative primary variables and endogeneity concerns.

Keywords: Foreign residency rights; Green innovation; Mass entrepreneurship innovation campaign; Private enterprises; China (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:234:y:2024:i:c:s0165176523004688

DOI: 10.1016/j.econlet.2023.111442

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