Publication:
Be Green to Be Innovative: The Role of Government Subsidies

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Issued Date

2021

Resource Type

Article

Language

eng

File Type

application/pdf

ISSN

2296665X

DOI

10.3389/fenvs.2021.765100

Other identifier(s)

2-s2.0-85117070578

Rights Holder(s)

Scopus

Bibliographic Citation

Frontiers in Environmental Science. Vol 9, No. (2021)

Suggested Citation

Xu Y., Liu W., Pu R., Xu Y. Be Green to Be Innovative: The Role of Government Subsidies. Frontiers in Environmental Science. Vol 9, No. (2021). doi:10.3389/fenvs.2021.765100 Retrieved from: https://hdl.handle.net/20.500.14740/8172

Title

Be Green to Be Innovative: The Role of Government Subsidies

Author(s)

Xu Y.
 Liu W.
 Pu R.
 Xu Y.

Abstract

Corporate environmental investment has long been recognized as a non-market strategy that helps secure both economic and social benefits. However, we know much less about how environmental investment affects corporate innovation. We argue that investment in environmental protection is an important source of institutional legitimacy for firms to secure government resources, thus providing financial support for corporate innovation activities. Using a sample of Chinese industrial firms, we find that firms investing more in environmental protection can receive more government subsidies and then have better innovation performance. This study emphasizes the mechanism of government resources, which enriches our understanding of the effect of environmental investment on corporate innovation. © Copyright © 2021 Xu, Liu, Pu and Xu.

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URI

https://hdl.handle.net/20.500.14740/8172

Collections

Scopus: Year 1983-2021

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