Green innovation: the role of government subsidies under the system of digital finance -based on a zero-inflated negative binomial model

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A100202" target="_blank" >RIV/60460709:41110/24:100202 - isvavai.cz</a>

Výsledek na webu

<a href="https://link-springer-com.infozdroje.czu.cz/article/10.1007/s10668-024-04856-3" target="_blank" >https://link-springer-com.infozdroje.czu.cz/article/10.1007/s10668-024-04856-3</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s10668-024-04856-3" target="_blank" >10.1007/s10668-024-04856-3</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Green innovation: the role of government subsidies under the system of digital finance -based on a zero-inflated negative binomial model

Popis výsledku v původním jazyce

Green innovation is inevitable for improving the environment and achieving sustainable economic development. Using panel data of 3,076 enterprises listed on the Shenzhen and Shanghai stock from 2012 to 2021, the research employs the zero-inflated negative binomial (ZINB) regression to examine the impacts of government subsidies on corporate green innovation and the moderating effect of digital finance. Moreover, this paper investigates the impacts of ownership structure and industry heterogeneity. We find reliable evidence indicating a positive U-shape correlation between government subsidies and corporate green innovation. Moreover, the overall U-shape curve is elevated under the moderation of digital finance. Further analysis indicates that government subsidies significantly enhance the green innovation of non-state-owned and industrial enterprises. The findings herein provide new guidance for the government to stimulate corporate green innovation, balancing environmental quality and high-quality economic development.

Název v anglickém jazyce

Green innovation: the role of government subsidies under the system of digital finance -based on a zero-inflated negative binomial model

Popis výsledku anglicky

Green innovation is inevitable for improving the environment and achieving sustainable economic development. Using panel data of 3,076 enterprises listed on the Shenzhen and Shanghai stock from 2012 to 2021, the research employs the zero-inflated negative binomial (ZINB) regression to examine the impacts of government subsidies on corporate green innovation and the moderating effect of digital finance. Moreover, this paper investigates the impacts of ownership structure and industry heterogeneity. We find reliable evidence indicating a positive U-shape correlation between government subsidies and corporate green innovation. Moreover, the overall U-shape curve is elevated under the moderation of digital finance. Further analysis indicates that government subsidies significantly enhance the green innovation of non-state-owned and industrial enterprises. The findings herein provide new guidance for the government to stimulate corporate green innovation, balancing environmental quality and high-quality economic development.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY

ISSN

1387-585X

e-ISSN

1387-585X

Svazek periodika

26

Číslo periodika v rámci svazku

11

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

21

Strana od-do

29621-29642

Kód UT WoS článku

001220335900002

EID výsledku v databázi Scopus

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