Political corruption and green innovation

Xiaofeng Quan, Ke Zhang, Rui Zhong and Yuxiang Zhu

Pacific-Basin Finance Journal, 2023, vol. 82, issue C

Abstract: This study investigates the influence of corruption on firms' green innovation activities in the context of Chinese listed firms during a period from 2007 to 2017. We find that the firms headquartered in severely corrupted provinces are associated with fewer green patents and citations. This finding is robust after addressing endogeneity concerns. Furthermore, we document profound evidence that local corruption reduces corporate green innovating activities through reducing the demands of corporate green innovations and increasing the opportunity costs for green innovating investments. Our findings shed light on the negative effects of political corruption on corporate green innovations.

Keywords: Political corruption; Green innovations; Corporate social responsibility (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0927538X23002408
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:pacfin:v:82:y:2023:i:c:s0927538x23002408

DOI: 10.1016/j.pacfin.2023.102169

Access Statistics for this article

Pacific-Basin Finance Journal is currently edited by K. Chan and S. Ghon Rhee

More articles in Pacific-Basin Finance Journal from Elsevier
Bibliographic data for series maintained by Catherine Liu ().