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The impact of government green subsidies on corporate green innovation

Author

Listed:
  • An, Jin
  • He, Guiqian
  • Ge, Shilong
  • Wu, Shanshan

Abstract

This paper empirically examines the impact mechanism of government green subsidies on corporate green innovation using panel data of Chinese A-share listed companies from 2011 to 2022. Government green subsidies have a significant positive impact on corporate green innovation, and increasing government green subsidies helps promote corporate green innovation. The mechanism study finds that the mechanism of corporate social responsibility and digital transformation is significant, and government green subsidies can help promote corporate social responsibility and digital transformation to enhance green innovation.

Suggested Citation

  • An, Jin & He, Guiqian & Ge, Shilong & Wu, Shanshan, 2025. "The impact of government green subsidies on corporate green innovation," Finance Research Letters, Elsevier, vol. 71(C).
    • Handle: RePEc:eee:finlet:v:71:y:2025:i:c:s1544612324014077
    DOI: 10.1016/j.frl.2024.106378
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    References listed on IDEAS

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    Cited by:

    1. Chunshan Zhou & Xiaoli Wei & Xiangjun Dai & Guojun Zhang, 2025. "Research on the Spatio-Temporal Evolution and Impact of China’s Digital Economy and Green Innovation," Land, MDPI, vol. 14(3), pages 1-26, March.
    2. Youxuan Wang & Zhuohang Li, 2025. "How Do Core Management Team Network Ties Affect Green Innovation? Evidence from the Chinese ICT Industry," Sustainability, MDPI, vol. 17(7), pages 1-40, April.
    3. Xiaoqing Dong & Guangshun Cheng & Yuan Ren, 2025. "Going Green on the Government’s Dime: Unpacking the Subsidy Boost in Family Firms," Sustainability, MDPI, vol. 17(10), pages 1-25, May.
    4. Lee, Chien-Chiang & Hussain, Jafar & Abass, Qasir, 2025. "An integrated analysis of AI-driven green financing, subsidies, and knowledge to enhance CO2 reduction efficiency," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 675-693.

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