4.7 Article

Capital market liberalization and green innovation for sustainability: Evidence from China

Related references

Note: Only part of the references are listed.
Article Business

Does a Government Response to COVID-19 Hurt the Stock Price of an Energy Enterprise?

Haiqing Hu et al.

Summary: This research examines the impact of government responses to COVID-19 on the stock prices of 30 international energy enterprises from January 1, 2020 to December 31, 2020. The study found that government stringency, containment and health measures, as well as economic support, all have a statistically significant negative impact on the stock prices of these enterprises, with containment and health measures showing the greatest negative effect.

EMERGING MARKETS FINANCE AND TRADE (2022)

Article Environmental Sciences

The inducing factors of environmental emergencies: Do environmental decentralization and regional corruption matter?

Yu Hao et al.

Summary: Environmental emergencies can cause serious damage to ecological environment, human health, and social properties in a short period of time. Environmental decentralization can help local governments curb the occurrence of environmental emergencies, but regional corruption may weaken its effectiveness. The study found a negative impact of environmental decentralization on environmental emergencies, but this effect decreases with higher levels of corruption, and there is heterogeneity in the relationship between the two in different regions.

JOURNAL OF ENVIRONMENTAL MANAGEMENT (2022)

Article Economics

How does fiscal policy uncertainty affect corporate innovation investment? Evidence from China's new energy industry

Huwei Wen et al.

Summary: This study examines the relationship between fiscal policy uncertainty and corporate innovation investment in Chinese A-share listed companies in the new energy industry from 2007 to 2019. The findings suggest that fiscal policy uncertainty significantly reduces innovation investment, largely due to the decline in government support incentives. Product market competition, however, mitigates the adverse effects of fiscal policy uncertainty on innovation investment. Bank credit constraint serves as the mechanism through which fiscal policy uncertainty restrains innovation investment.

ENERGY ECONOMICS (2022)

Article Economics

Digitalization and electricity consumption: Does internet development contribute to the reduction in electricity intensity in China?

Yu Hao et al.

Summary: This study examines the influence of internet development on electricity intensity and finds that the level of internet development has a significant negative impact on electricity intensity, with spatial spillover and threshold effects. The impact of internet development on electricity intensity is nonlinear in different stages of financial development, education level, industrial structure, and technological development.

ENERGY POLICY (2022)

Article Environmental Sciences

The influence of political ideology on greenhouse gas emissions

Quan-Jing Wang et al.

Summary: This research examines the relationship between political ideology and national greenhouse gas emissions using multinational panel data from 98 countries between 1990 and 2016. The results indicate that left-wing governments tend to have lower carbon dioxide emissions compared to right-wing governments. The study also highlights the role of energy efficiency and education, showing that leftist parties promote energy efficiency and allocate more funds to secondary education, resulting in reduced greenhouse gas emissions. Additionally, the moderating effects of economic performance, globalization, and political systems on the relationship between political ideology and emissions are explored.

GLOBAL ENVIRONMENTAL CHANGE-HUMAN AND POLICY DIMENSIONS (2022)

Article Economics

Environmental performance, green finance and green innovation: What's the long-run relationships among variables?

Quan-Jing Wang et al.

Summary: This study empirically examines the relationships among environmental performance, green finance, and green innovation in developing countries, and finds that there are cointegration relationships among these variables. The results also indicate that the impact of environmental performance and green finance on green innovation varies depending on the type of country.

ENERGY ECONOMICS (2022)

Article Economics

How natural disasters affect energy innovation? The perspective of environmental sustainability

Xin-Xin Zhao et al.

Summary: This research investigates the influence of natural disasters on energy technology innovation and finds that they may have a significantly negative impact, lasting up to 4 years. Economic development, trade openness, and other factors appear to weaken the effects of natural shocks on energy innovation.

ENERGY ECONOMICS (2022)

Article Economics

How does green finance affect green total factor productivity? Evidence from China

Chi-Chuan Lee et al.

Summary: This study examines the impact of green finance development on green productivity using panel data of 30 Chinese provinces from 2006 to 2018. The findings reveal that green finance development significantly improves green productivity, especially in provinces with better economic and social conditions, less public participation in environmental protection, and higher pollution levels. Additionally, implementing green finance policies can further enhance the effect of green finance development.

ENERGY ECONOMICS (2022)

Article Business, Finance

Who is financing corporate green innovation?

Xiaojian Xiang et al.

Summary: The study found that public listed companies can acquire the funds needed for green innovation through both internal and external financing, with government subsidies encouraging companies to enhance their level of green innovation through debt and equity financing.

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE (2022)

Article Economics

The impacts of energy insecurity on green innovation: A multi-country study

Hao-Chang Yang et al.

Summary: This study illustrates the impact of energy insecurity on green innovation based on green patent data, indicating that energy insecurity has an incentive effect on green innovation, especially in non-OECD countries, and is related to political party stance and a country's energy export-import situation.

ECONOMIC ANALYSIS AND POLICY (2022)

Article Business, Finance

Geographic proximity and corporate investment efficiency: Evidence from high-speed rail construction in China

Yizhong Wu et al.

Summary: The study shows that high-speed rail construction can improve investment efficiency in China, particularly for companies with low information transparency and media coverage. High-speed rail can mitigate information asymmetry and reduce external regulatory costs. Additionally, non-state-owned enterprises, high-growth firms, and companies located in core cities benefit more.

JOURNAL OF BANKING & FINANCE (2022)

Article Economics

Heterogeneous green innovations and carbon emission performance: Evidence at China's city level

Le Xu et al.

Summary: This study investigates the impact of green innovation on carbon emission performance in China and finds a positive effect, as well as identifying four potential transmission channels of green innovation affecting carbon emission performance. Different types of green innovations have heterogeneous effects on carbon emission performance in cities, with the existence of a snowball effect and symbiotic effect.

ENERGY ECONOMICS (2021)

Article Economics

Green technology innovation and financial development: Do environmental regulation and innovation output matter?

Chengchao Lv et al.

Summary: This study combines financial structure, scale, and efficiency to examine the relationship between financial development and green technology innovation in 30 provinces of China from 2003 to 2017. The findings suggest that financial structure is conducive to green technology innovation, while financial scale and efficiency have a negative impact on it. Additionally, environmental regulation plays a moderating and mediating role in this relationship.

ENERGY ECONOMICS (2021)

Article Economics

The impact of extreme events on energy price risk

Jun Wen et al.

Summary: This research finds that both natural and human extreme events significantly increase oil price risk, with epidemics having the greatest negative impact. The conclusions remain robust under different scenarios, while terrorism has no significant impact on natural gas price risk.

ENERGY ECONOMICS (2021)

Article Business, Finance

How does stock market liberalization influence corporate innovation? Evidence from Stock Connect scheme in China

Shuxun Wang

Summary: This study finds that allowing foreign investors to purchase Chinese stocks through the Stock Connect program has a positive impact on corporate innovation, especially in high-tech industries. Firms affected by the program produce more and higher quality patents. The influence of stock market liberalization is less significant in state-owned firms.

EMERGING MARKETS REVIEW (2021)

Article Green & Sustainable Science & Technology

Structural characteristics and determinants of an international green technological collaboration network

Yaya Li et al.

Summary: Green technologies play a crucial role in global cooperation, with a cooperative network showing core-periphery structural features led by core and strong semiperipheral countries. Economic, technological, and social proximity, as well as strict environmental regulations, are key factors promoting international green technological collaboration.

JOURNAL OF CLEANER PRODUCTION (2021)

Article Environmental Sciences

Government corruption, market segmentation and renewable energy technology innovation: Evidence from China

Siyu Ren et al.

Summary: Government corruption and market segmentation have significant negative effects on renewable energy technology innovation, while the improvement of market segmentation can mitigate the impact of corruption on technology innovation. A higher level of corruption exacerbates the negative impact of market segmentation on technology innovation, and a deeper market segmentation increases the restraining effect of corruption on technology innovation.

JOURNAL OF ENVIRONMENTAL MANAGEMENT (2021)

Article Engineering, Industrial

The impacts of democracy on innovation: Revisited evidence

Quan-Jing Wang et al.

Summary: This study empirically tests the causal link from democracy to innovation using panel data and panel GMM estimation. It finds that democracy significantly promotes innovation performance, while autocracy generally exhibits lower technological innovation performance. Additionally, the study shows that democratic reforms have important implications for innovation, which are influenced by other factors.

TECHNOVATION (2021)

Article Economics

Terrorism and green innovation in renewable energy

Mingbo Zheng et al.

Summary: Terrorism has a negative impact on green technological innovation in renewable energy technologies, leading to reduced innovation in economies, especially in OECD countries. Wind energy innovation is particularly affected by terrorist attacks. The repression effect of terrorism on green innovation is more significant in economies with lower green innovation performance.

ENERGY ECONOMICS (2021)

Article Economics

What is the role of telecommunications infrastructure construction in green technology innovation? A firm-level analysis for China

Chang Tang et al.

Summary: Telecommunications infrastructure plays a significant role in promoting green technology innovation, with more impact on low-quality green technology innovation. It stimulates corporate green technology innovation by improving informatization and corporate governance, especially affecting non-state-owned enterprises with low financing constraints and a high technology level.

ENERGY ECONOMICS (2021)

Article Economics

Demand for green finance: Resolving financing constraints on green innovation in China

Chin-Hsien Yu et al.

Summary: The study found that financing constraints have a negative impact on the green innovation capabilities of firms, with privately owned enterprises being more vulnerable compared to state-owned enterprises. While green finance policies can alleviate financing constraints on green innovation, privately owned enterprises have difficulty accessing green credits.

ENERGY POLICY (2021)

Article Economics

What is the exchange rate volatility response to COVID-19 and government interventions?

Gen-Fu Feng et al.

Summary: The COVID-19 pandemic and government interventions have impacted exchange rate volatility globally. An increase in confirmed cases leads to higher exchange rate volatility, while policies such as school closures and public information campaigns can help reduce it. Economic response measures also play a role in restraining exchange rate volatility.

ECONOMIC ANALYSIS AND POLICY (2021)

Article Business

Who has done a better job in fighting the COVID-19 epidemic? Left or Right?

Hai-Jie Wang et al.

Summary: The research suggests that a right-wing ruling party is associated with a greater number of new daily confirmed cases and deaths of COVID-19, with this impact being more pronounced in Asian countries. Additionally, government ideology had no effect on COVID-19 before the outbreak, but played a significant role in controlling the epidemic after the World Health Organization announced a global pandemic.

EMERGING MARKETS FINANCE AND TRADE (2021)

Article Business

Government Fighting Pandemic, Stock Market Return, and COVID-19 Virus Outbreak

Chun-Ping Chang et al.

Summary: Government responses to the COVID-19 pandemic have a significant impact on stock market returns, with certain policy measures effectively increasing returns in the stock market. The stock market does not significantly react to government interventions in the health system, providing valuable information for policymakers and financial investors worldwide.

EMERGING MARKETS FINANCE AND TRADE (2021)

Article Business, Finance

Stock market liberalization and innovation

Fariborz Moshirian et al.

Summary: Our research reveals a positive impact of stock market liberalization on technological innovation, particularly in more innovative industries. Financial constraints relaxation, increased risk sharing, and improved corporate governance are potential promoting factors. Technological innovation is a key mechanism through which stock market liberalization affects economic growth.

JOURNAL OF FINANCIAL ECONOMICS (2021)

Article Economics

How does China's industrial policy affect firms' R&D investment? Evidence from 'China Manufacturing 2025'

Huwei Wen et al.

Summary: The study finds that the "Made in China 2025" policy has a significant impact on firms' R&D investment, especially after the policy intervention, where the affected firms increased their R&D investment. Additionally, the policy significantly increases government subsidies and loans, with a larger impact on state-owned enterprises.

APPLIED ECONOMICS (2021)

Article Management

Manufacturer vs. Consumer Subsidy with Green Technology Investment and Environmental Concern

Junsong Bian et al.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2020)

Article Green & Sustainable Science & Technology

Does technological innovation reduce CO2 emissions?Cross-country evidence

Yang Chen et al.

JOURNAL OF CLEANER PRODUCTION (2020)

Article Environmental Sciences

The impact of international sanctions on environmental performance

Qiang Fu et al.

SCIENCE OF THE TOTAL ENVIRONMENT (2020)

Article Environmental Sciences

Effects of environmental regulation on the upgrading of Chinese manufacturing industry

Wen-Quan Hu et al.

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2019)

Article Business, Finance

Managers' Cultural Background and Disclosure Attributes

Francois Brochet et al.

ACCOUNTING REVIEW (2019)

Article Green & Sustainable Science & Technology

Impact of quality management on green innovation

Dayuan Li et al.

JOURNAL OF CLEANER PRODUCTION (2018)

Article Business, Finance

Financing innovation through minority acquisitions

Ibrahim Bostan et al.

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE (2018)

Article Green & Sustainable Science & Technology

Opening up, international trade, and green technology progress

Binru Cao et al.

JOURNAL OF CLEANER PRODUCTION (2017)

Article Operations Research & Management Science

FDI, technology spillovers and green innovation in China: analysis based on Data Envelopment Analysis

Malin Song et al.

ANNALS OF OPERATIONS RESEARCH (2015)

Article Business

Stock market and deterrence effect: A mid-run analysis of major environmental and non-environmental accidents

Cecile Carpentier et al.

JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT (2015)

Article Business, Finance

Does banking competition affect innovation?

Jess Cornaggia et al.

JOURNAL OF FINANCIAL ECONOMICS (2015)

Article Business, Finance

Financial development and innovation: Cross-country evidence

Po-Hsuan Hsu et al.

JOURNAL OF FINANCIAL ECONOMICS (2014)

Article Business, Finance

Does foreign institutional ownership increase return volatility? Evidence from China

Zhian Chen et al.

JOURNAL OF BANKING & FINANCE (2013)

Article Business, Finance

The dark side of analyst coverage: The case of innovation

Jie (Jack) He et al.

JOURNAL OF FINANCIAL ECONOMICS (2013)

Article Environmental Sciences

The effects assessment of firm environmental strategy and customer environmental conscious on green product development

Ming-Tien Tsai et al.

ENVIRONMENTAL MONITORING AND ASSESSMENT (2012)

Article Economics

Innovation and Foreign Ownership

Maria Guadalupe et al.

AMERICAN ECONOMIC REVIEW (2012)

Article Business, Finance

Do Firms Adjust Their Timely Loss Recognition in Response to Changes in the Banking Industry?

Todd A. Gormley et al.

JOURNAL OF ACCOUNTING RESEARCH (2012)

Article Economics

The Environment and Directed Technical Change

Daron Acemoglu et al.

AMERICAN ECONOMIC REVIEW (2012)

Article Business, Finance

Does governance travel around the world? Evidence from institutional investors

Reena Aggarwal et al.

JOURNAL OF FINANCIAL ECONOMICS (2011)

Article Business, Finance

On the Growth Effect of Stock Market Liberalizations

Nandini Gupta et al.

REVIEW OF FINANCIAL STUDIES (2009)

Article Business, Finance

The colors of investors' money: The role of institutional investors around the world

Miguel A. Ferreira et al.

JOURNAL OF FINANCIAL ECONOMICS (2008)

Article Economics

Environmental regulation and US states' technical inefficiency

Pandej Chintrakarn

ECONOMICS LETTERS (2008)

Article Business, Finance

Does financial liberalization spur growth?

G Bekaert et al.

JOURNAL OF FINANCIAL ECONOMICS (2005)

Article Business, Finance

Do stock market liberalizations cause investment booms?

PB Henry

JOURNAL OF FINANCIAL ECONOMICS (2000)