Administrative Approval Reform and Firm Green Innovation: Evidence From China

被引:0
|
作者
Li, Chu [1 ]
Hong, Ni [2 ]
机构
[1] Jilin Univ, Sch Publ Adm, Changchun, Peoples R China
[2] Shanghai Acad Social Sci, Inst Econ, Shanghai, Peoples R China
关键词
administrative approval reform; China; difference-in-differences; firm green innovation; SHORT-TERMISM; ENTRY; DEREGULATION; REGULATIONS; MANAGEMENT; IMPACTS; GROWTH; DEBATE;
D O I
10.1002/mde.4526
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study investigates the impact of China's administrative approval reform on firm green innovation using a difference-in-differences (DID) approach with data from 24,981 firm-year observations of Chinese listed manufacturing firms from 2000 to 2023. The reform, characterized by establishing administrative approval centers, significantly enhances firm green innovation, as measured by the number of green patent applications. Robustness checks, including alternative measures of green innovation and instrumental variable analysis, confirm the positive effect. Mechanism tests reveal that the reform primarily promotes green innovation by alleviating firm financing constraints, rather than enhancing market competition or curbing management short-termism. The findings underscore the importance of reducing institutional transaction costs and easing financing constraints to foster green innovation, thereby offering insights for policymakers to promote sustainable development through institutional reforms.
引用
收藏
页数:14
相关论文
共 50 条
  • [1] Green finance reform and corporate innovation: Evidence from China
    Liu, Chen
    Xiong, Mengxu
    FINANCE RESEARCH LETTERS, 2022, 48
  • [2] Green innovation and firm performance: Evidence from listed companies in China
    Zhang, Dayong
    Rong, Zhao
    Ji, Qiang
    RESOURCES CONSERVATION AND RECYCLING, 2019, 144 : 48 - 55
  • [3] Information technology and firm’s green innovation: evidence from China
    Lizhao Du
    Mianjin Wei
    Kaiyao Wu
    Environmental Science and Pollution Research, 2023, 30 : 97601 - 97615
  • [4] Information technology and firm's green innovation: evidence from China
    Du, Lizhao
    Wei, Mianjin
    Wu, Kaiyao
    ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2023, 30 (43) : 97601 - 97615
  • [5] The Impact of the Green Finance Reform and Innovation Pilot Zone on the Green Innovation-Evidence from China
    Zhang, Yanbo
    Li, Xiang
    INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, 2022, 19 (12)
  • [6] Administrative incentives and enterprise green innovation: Based on empirical evidence from China
    Li, Shiyu
    Yang, Jun
    FINANCE RESEARCH LETTERS, 2024, 62
  • [7] Does green finance reform promote corporate green innovation? Evidence from China
    Jia, Junsheng
    He, Xiaoyu
    Zhu, Taiyu
    Zhang, Eryu
    PACIFIC-BASIN FINANCE JOURNAL, 2023, 82
  • [8] Digital transformation and green innovation: firm-level evidence from China
    Wang, Xiaoyan
    Zhong, Xiangfei
    FRONTIERS IN ENVIRONMENTAL SCIENCE, 2024, 12
  • [9] How do green bonds affect green technology innovation? Firm evidence from China
    Lin, Tao
    Du, Mingyue
    Ren, Siyu
    GREEN FINANCE, 2022, 4 (04): : 492 - 511
  • [10] Has the Reform of the Administrative Examination and Approval System Increased the Efficiency of Resource Allocation: Evidence from China
    Zhong, Yangyang
    Zhong, Yilin
    Zhang, Longpeng
    MATHEMATICAL PROBLEMS IN ENGINEERING, 2021, 2021