Establishment of environmental courts and corporate green innovation

Xiping Zhang, Aimin Fu and Guang Hu

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

Abstract: In this study, we empirically examine the impact of establishing environmental courts on corporate green innovation and further explore the underlying channels driving our findings. Using A-share listed firms in China's stock markets from 2008 to 2022, we show that the establishment of environmental courts is positively correlated with corporate green innovation and corporate investment efficiency can partially mediate this above relationship. Overall, our results provide clear policy implications for institutional design and firm practices on green activities.

Keywords: Environmental courts; Green innovation; Corporate Investment Efficiency (search for similar items in EconPapers)
JEL-codes: K32 L23 O33 Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324012212

DOI: 10.1016/j.frl.2024.106192

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