Environmental courts, financing constraints, and corporate green innovation

Siheng Wang and Xin Zhang

Finance Research Letters, 2025, vol. 75, issue C

Abstract: As environmental judicial reforms advance, environmental courts have become a crucial breakthrough in enhancing corporate environmental governance. This paper evaluates the impact of environmental courts on corporate green innovation, using panel data from Chinese A-share listed companies from 2003 to 2022. The study finds that the establishment of environmental courts can promote corporate green innovation, primarily by alleviating financing constraints. Based on the research findings, corresponding recommendations are proposed, offering practical significance and insights for promoting the synergy between environmental courts and sustainable economic development.

Keywords: Environmental courts; Financing constraints; Green innovation (search for similar items in EconPapers)
JEL-codes: G30 K32 O31 Q57 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:75:y:2025:i:c:s1544612325000029

DOI: 10.1016/j.frl.2025.106737

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