Promote Green Innovation in Manufacturing Enterprises in the Aspect of Government Subsidies in China

Xiaojun Sun, Jing Tang and Shilong Li
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Xiaojun Sun: School of Management Science and Real Estate, Chongqing University, Chongqing 400044, China
Jing Tang: School of Management Science and Real Estate, Chongqing University, Chongqing 400044, China
Shilong Li: School of Management Science and Real Estate, Chongqing University, Chongqing 400044, China

IJERPH, 2022, vol. 19, issue 13, 1-16

Abstract: Green innovation is vital for manufacturing enterprises to achieve a balance between economic, environmental and social benefits. This paper empirically investigates the mechanisms of government subsidies, R&D investment and public participatory environmental regulation on green innovation in manufacturing enterprises, selecting a sample of 1308 manufacturing firms listed on Chinese A-shares from 2010–2019. The results show that government subsidies can significantly promote green innovation in manufacturing enterprises, with private enterprises being more pronounced. R&D investment plays a mediating role in green innovation in manufacturing enterprises, while public participatory environmental regulation has a negative impact. The moderating effect of public participatory environmental regulation on government subsidies is different on different green patents, with a more negative effect on green invention patents than on green utility model patents. Public participatory environmental regulation has a negative moderating effect on the green innovation of state-owned manufacturing enterprises while having no significant effect on private manufacturing enterprises.

Keywords: green innovation; government subsidies; public participatory environmental regulation; manufacturing enterprises (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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