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.
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页数：8
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