Can social trust foster green innovation?

被引：3
|
作者：
Liu, Deyu [1 ]
Wang, Kefan [2 ]
Liu, Jialin [1 ]
机构：
[1] Xinjiang Univ Finance & Econ, Sch Finance, Urumqi 830012, Peoples R China
[2] Liaoning Univ, Sch Finance & Trade, Shenyang 110036, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 66卷
关键词：
Social trust; Informal institutions; Green innovation; Financing constraints; Agency costs; OWNERSHIP;
D O I：
10.1016/j.frl.2024.105644
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper analyzes the impact of social trust (ST) on corporate green innovation (CGI) using data from Chinese A-share listed companies from 2012 to 2021. ST is found to contribute to CGI enhancement. In addition, financing constraints and agency costs are important intrinsic mechanisms, and ST promotes CGI by alleviating financing constraints and reducing agency costs. Further analysis reveals that the promotion of CGI by ST is affected by the heterogeneity of the degree of market competition and that there is a complementary relationship between ST and the formal institution.
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页数：7
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