Abstract
To encourage green innovation and accomplish green development, green financing is a key motivator. Based on the data of A-share listed manufacturing enterprises from 2014 to 2020, This study investigates how a place-based green finance policy in China, pilot zones for green finance reform and innovations, affects corporate innovation. The research shows that the policy can encourage the overall green technology innovation ability of businesses to a certain extent, and the results are stable. This policy is more obvious for the promotion of green utility model patents of enterprises in the pilot area, and the results are still significant after the first lag. Further research found that for different types of enterprises, policy implementation differently promoted green innovation activities. government agencies should fully consider the variety of regulated firms when drafting pertinent rules and offer tailored and unique measures to carry out green policies.
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Junchen, D., Guosheng, Z. (2023). Green Finance Policy Promotes Corporate Green Innovation. In: Li, X., Yuan, C., Kent, J. (eds) Proceedings of the 6th International Conference on Economic Management and Green Development. Applied Economics and Policy Studies. Springer, Singapore. https://doi.org/10.1007/978-981-19-7826-5_58
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DOI: https://doi.org/10.1007/978-981-19-7826-5_58
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