IDEAS home Printed from https://ideas.repec.org/a/eee/ecanpo/v86y2025icp1695-1705.html
   My bibliography  Save this article

The Impact of green finance reform on firms' patent quality: An empirical study from Chinese listed manufacturing firms

Author

Listed:
  • Zhang, Ge
  • Guo, Bingnan

Abstract

This study aims to investigate the impact of China's green finance reform on the patent quality of manufacturing firms. Towards this research, this paper adopts the green finance reform implemented in 2017 as an exogenous policy shock, and assesses the impact of this policy on firms' patent quality using the DID model with the data of listed firms in China's manufacturing sector from 2012 to 2022. The research shows that China's green finance reform has had a significant facilitating effect on firms' patent quality. Meanwhile, this promotion effect is more obvious among firms with low industry competition, large scale, and low debt ratio. In addition, our study shows that financing constraints play a positive role in this process, but green finance reform can inhibit the patent quality of firms with high financing constraints through the "crowding out effect".

Suggested Citation

  • Zhang, Ge & Guo, Bingnan, 2025. "The Impact of green finance reform on firms' patent quality: An empirical study from Chinese listed manufacturing firms," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 1695-1705.
    • Handle: RePEc:eee:ecanpo:v:86:y:2025:i:c:p:1695-1705
    DOI: 10.1016/j.eap.2025.05.015
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0313592625001821
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.eap.2025.05.015?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecanpo:v:86:y:2025:i:c:p:1695-1705. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/economic-analysis-and-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.