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Exploring the relationship between climate policy uncertainty perception and green technology innovation in Chinese enterprises

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Listed:
  • Li, Siqi
  • Fan, Hao
  • Wang, Zijin
  • Zhao, Qiuyun

Abstract

Against the backdrop of frequent extreme climate events worldwide, countries have developed numerous climate-related policies to mitigate the impacts of these extreme conditions. How do enterprises’ perceptions of these climate policies shape their behaviors? To answer this question, this paper uses Chinese A-share listed companies from 2008 to 2022 as research samples to explore the impact of corporate perception of climate policy uncertainty on green technology innovation from a dual resource perspective. The study finds that corporate perception of climate policy uncertainty helps enhance their level of green technology innovation. Further mechanism analyses indicate that corporate perception of climate policy uncertainty can promote green technology innovation by enhancing internal resource agglomeration and reducing operation cycle. The degree of marketization and environmental regulation can enhance the promotion effect. Heterogeneity analyses reveal that the impact of climate policy uncertainty perception on green technology innovation is notably stronger in firms that are more exposed to risk shocks and more active in risk response. This research contributes to a deeper understanding of corporate behavior in response to climate change.

Suggested Citation

  • Li, Siqi & Fan, Hao & Wang, Zijin & Zhao, Qiuyun, 2025. "Exploring the relationship between climate policy uncertainty perception and green technology innovation in Chinese enterprises," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 880-892.
  • Handle: RePEc:eee:ecanpo:v:86:y:2025:i:c:p:880-892
    DOI: 10.1016/j.eap.2025.03.053
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