Management equity incentives, R&D investment on corporate green innovation

被引：20

作者：

Hu, Baiye ^{[1
]}

Hong, Gang ^{[2
]}

机构：

[1] Northwest Univ, Sch Econ & Management, Xian 710127, Peoples R China

[2] China Merchants Bank Co Ltd, Taizhou Branch, Taizhou 318000, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2023年 / 58卷

关键词：

Management equity incentives; R & D investment; Green innovation; IMPACT; CHINA;

D O I：

10.1016/j.frl.2023.104533

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the relationship between management equity incentive, R&D investment and corporate green innovation. Based on Internet-listed companies that announced the implementation of equity incentive from 2012 to 2022, we find that the implementation of management equity incentive effectively enhances corporate green innovation, and the positive impact of corporate R&D investment on corporate green innovation has a lagged effect. Further tests show that the potential channel is from management equity incentive to R&D investment and then to corporate green innovation. R&D investment plays a partial mediating role in the above channel.

引用

页数：8

共 50 条

[21] Digital inclusive finance, R&D investment, and green technology innovation nexus
Sun, Hongying
Luo, Yipei
Liu, Jia
Bhuiyan, Miraj Ahmed
PLOS ONE, 2024, 19 (01):
[22] Environmental corporate social responsibility, R&D and disclosure of ?green? innovation knowledge
Barcena-Ruiz, Juan Carlos
Garzon, Maria Begona
Sagasta, Amagoia
ENERGY ECONOMICS, 2023, 120
[23] Government R&D Subsidies, Environmental regulation and corporate green innovation performance
Shi, Hongyu
Zhou, Qun
FINANCE RESEARCH LETTERS, 2024, 69
[24] Could environmental regulation and R&D tax incentives affect green product innovation?
Song, Malin
Wang, Shuhong
Zhang, Hongyan
JOURNAL OF CLEANER PRODUCTION, 2020, 258
[25] Innovation, R&D investment and productivity in Chile
Alvarez, Roberto
Bravo-Ortega, Claudio
Navarro, Lucas
CEPAL REVIEW, 2011, (104): : 135 - 160
[26] Corporate innovation and R&D expenditure disclosures
Chen, Chao
Gu, Junjian
Luo, Rongxi
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2022, 174
[27] R&D fiscal incentives and innovation decisions.
Martinez-Azua, M. Beatriz Corchuelo
REVISTA DE ECONOMIA APLICADA, 2006, 14 (40): : 5 - 34
[28] INNOVATION CORPORATE ENERGY MANAGEMENT: EFFICIENCY OF GREEN INVESTMENT
Vanickova, Radka
MARKETING AND MANAGEMENT OF INNOVATIONS, 2020, (02): : 56 - 67
[29] Will China’s R&D investment improve green innovation performance? An empirical study
Jundi Fan
Thompson Teo
Environmental Science and Pollution Research, 2022, 29 : 39331 - 39344
[30] Will China's R&D investment improve green innovation performance? An empirical study
Fan, Jundi
Teo, Thompson
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2022, 29 (26) : 39331 - 39344

← 1 2 3 4 5 →