The Roles of Anti-Monopoly on Green Innovation: Evidence from the Chinese Manufacturing Industry

Gen-Fu Feng and Xudong Li

Emerging Markets Finance and Trade, 2024, vol. 60, issue 1, 1-18

Abstract: This research investigates the impact of anti-monopoly law on green innovation by analyzing data on 2539 manufacturing listed firms in China from 2003–2020. The empirical findings first show that implementation of the anti-monopoly law has a significant inhibitory effect on green technology innovation. Second, the inhibitory effect of the anti-monopoly law on green innovation mainly exists in state-owned monopolies and regions with a higher degree of marketization. Finally, the anti-monopoly law affects the green technological innovation of monopolies mainly by reducing monopoly power, strengthening financing constraints, and increasing business risks. The findings herein provide a valuable empirical basis for policymaking bureaus to improve anti-monopoly laws.

Date: 2024
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DOI: 10.1080/1540496X.2023.2198085

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