Green innovation of Chinese industrial enterprises to achieve the ‘dual carbon’ goal–based on the perspective of green M&A

Weina Huang and Tianrong Yuan

Applied Economics Letters, 2023, vol. 30, issue 13, 1809-1813

Abstract: This study explores the impact of green mergers and acquisitions (M&A) on corporate green innovation and its impact mechanism under the goal of achieving ‘carbon emission peak and carbon neutrality’. Through the analysis of M&A data of China’s Shanghai and Shenzhen A-share industrial listed companies, the results show that green M&A can significantly improve the corporate green innovation capabilities. External stakeholder’s support has played an intermediary role, as enterprises can obtain more government subsidies and commercial credit through green M&A, which reduces financing constraints and enhances the corporates’ green innovation capabilities.

Date: 2023
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DOI: 10.1080/13504851.2022.2083061

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