Substantive or strategic: Government R&D subsidies and green innovation

Zeyi Zhang, Xuehua Luo, Jiating Du and Baoliang Xu

Finance Research Letters, 2024, vol. 67, issue PA

Abstract: Based on the data of Chinese A-share-listed manufacturing enterprises, this paper empirically tests the impact of government R&D subsidies on green innovation from the perspective of innovation motivation. The results show that R&D subsidies promote strategic green innovation, while there is a converse-U curve relationship between R&D subsidies and substantive green innovation. There exists remarkable heterogeneity in ownership and R&D background of firms. Environmental regulation, public attention, and green finance weaken the positive relationship between R&D subsidies and strategic green innovation and strengthen the converse-U relationship between R&D subsidies and substantive green innovation.

Keywords: Government R&D subsidies; Substantive green innovation; Strategic green innovation; Green finance (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324008262
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:67:y:2024:i:pa:s1544612324008262

DOI: 10.1016/j.frl.2024.105796

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 ().