The market value of green innovation: A comparative analysis of global renewable energy firms

This paper conducts an overall, cross-country comparative study on the issue of market value of green innovations. First, we find that green patents and their citations have smaller or insignif-icant impacts on the market value of renewable energy firms. Second, the positive impacts of R&D investment and patent count on the market value in Europe and China are higher than those in the United States.

Automated summary

This paper conducts a cross-country comparative study on the market value of green innovations, finding that green patents and their citations have smaller or insignificant impacts on the market value of renewable energy firms. Moreover, the positive impacts of R&D investment and patent count on market value are higher in Europe and China compared to the United States.