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How does anti-corruption affect green innovation? Evidence from China

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  • Wu, Jiamei
  • Chen, Zhibin
  • Guo, Chong

Abstract

This study investigates the impact of the anti-corruption campaign on listed companies’ green innovation in China. Using the difference-in-differences model, we find that firms located in regions with anti-corruption inspections have more green innovation, and this association still exists after a series of robustness tests. Moreover, the positive relationship is partially mediated by firms’ rent-seeking. In addition, we document that the influences are particularly significant in sub-samples with high levels of political connection. This study provides evidence of the advantage of anti-corruption from the perspective of corporate green innovation, which can be helpful for governments that strive to improve the green innovation of market entities through the anti-corruption channel.

Suggested Citation

  • Wu, Jiamei & Chen, Zhibin & Guo, Chong, 2022. "How does anti-corruption affect green innovation? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 405-424.
    • Handle: RePEc:eee:ecanpo:v:73:y:2022:i:c:p:405-424
    DOI: 10.1016/j.eap.2021.12.004
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    More about this item

    Keywords

    Anti-corruption; Green innovation; Rent-seeking; Political connection; China; Difference-in-differences;
    All these keywords.

    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law

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