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The market value of green innovation: A comparative analysis of global renewable energy firms

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  • Lv, Xin
  • Liu, Tianyu
  • Dong, Weijia
  • Su, Wenjun

Abstract

This paper conducts an overall, cross-country comparative study on the issue of market value of green innovations. First, we find that green patents and their citations have smaller or insignificant impacts on the market value of renewable energy firms. Second, the positive impacts of R&D investment and patent count on the market value in Europe and China are higher than those in the United States.

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  • Lv, Xin & Liu, Tianyu & Dong, Weijia & Su, Wenjun, 2023. "The market value of green innovation: A comparative analysis of global renewable energy firms," Finance Research Letters, Elsevier, vol. 51(C).
    • Handle: RePEc:eee:finlet:v:51:y:2023:i:c:s1544612322006663
    DOI: 10.1016/j.frl.2022.103490
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    References listed on IDEAS

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    Cited by:

    1. Jinhuan Tian & Yan Dong & Gianluca Vagnani & Peizhong Liu, 2023. "Green innovation and the stock market value of heavily polluting firms: The role of environmental compliance costs and technological collaboration," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4938-4953, November.
    2. Lin, Boqiang & Xie, Yongjing, 2023. "The impact of government subsidies on capacity utilization in the Chinese renewable energy industry: Does technological innovation matter?," Applied Energy, Elsevier, vol. 352(C).

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