The impact of government green subsidies on corporate green innovation

Jin An, Guiqian He, Shilong Ge and Shanshan Wu

Finance Research Letters, 2025, vol. 71, issue C

Abstract: This paper empirically examines the impact mechanism of government green subsidies on corporate green innovation using panel data of Chinese A-share listed companies from 2011 to 2022. Government green subsidies have a significant positive impact on corporate green innovation, and increasing government green subsidies helps promote corporate green innovation. The mechanism study finds that the mechanism of corporate social responsibility and digital transformation is significant, and government green subsidies can help promote corporate social responsibility and digital transformation to enhance green innovation.

Keywords: Government green subsidies; Green innovation; Corporate social responsibility; Digital transformation (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:71:y:2025:i:c:s1544612324014077

DOI: 10.1016/j.frl.2024.106378

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