An Empirical Study on the Impact of Green Innovation on Financial Performance of Coal Firms — Moderating Effects Based on Firms’ Policy Sensitivity

Jing Wang

Chapter 82 in Economic Management and Big Data Application:Proceedings of the 3rd International Conference, 2024, pp 928-938 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This paper selects the panel data of listed companies in China’s coal mining industry from 2015-2021 as the research sample and constructs a theoretical relationship model to empirically analyze the impact of corporate green innovation on financial performance based on the perspective of corporate policy sensitivity. The study shows that: the green innovation of coal enterprises has a significant contribution to financial performance and corporate policy sensitivity; corporate policy sensitivity has a positive relationship with financial performance and a significant moderating effect between green innovation and financial performance. Based on the above findings, relevant suggestions such as increasing the intensity of R&D investment, enhancing policy sensitivity, and increasing environmental protection investment are proposed.

Keywords: Big Data; Information Management; Economic; Data Applications; Blockchain; E-commerce (search for similar items in EconPapers)
JEL-codes: C63 C8 O14 (search for similar items in EconPapers)
Date: 2024
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