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Does the environmental campaign in China enhance or impede firm innovation?

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  • Jia Xiang

Abstract

This paper documents the impacts of environmental campaign on firms' innovation. Using firm-level data from CSMAR dataset, I analyze whether environmental campaign's impacts on firms’ innovation are stronger on polluting firms, firms in the environmental campaign industry and the non-SOE (State Owned Enterprises). My results show that environmental campaign enhances the innovation on the whole. Specifically, we find the polluting firms will enhance innovation after the outbreak of environmental campaign due to the disappearance of environmental campaign privilege. The environmental campaign will enhance innovation in polluting firms more than other non-polluting firms in the same industry and enhance the non-polluting firms in environmental campaign industry more than those non-polluting firms in the non-environmental campaign industry. For those non-SOE firm, the enhance effects of environmental campaign on innovation are more obvious.JEL classification numbers: G39Keywords: Innovation; Environmental Campaign

Suggested Citation

  • Jia Xiang, 2018. "Does the environmental campaign in China enhance or impede firm innovation?," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 8(4), pages 1-1.
    • Handle: RePEc:spt:admaec:v:8:y:2018:i:4:f:8_4_1
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    References listed on IDEAS

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    1. Lerner, Josh, 2012. "The Architecture of Innovation: The Economics of Creative Organizations," OUP Catalogue, Oxford University Press, number 9780199639892.
    2. Cornaggia, Jess & Mao, Yifei & Tian, Xuan & Wolfe, Brian, 2015. "Does banking competition affect innovation?," Journal of Financial Economics, Elsevier, vol. 115(1), pages 189-209.
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    Cited by:

    1. Fengming Qin & Junru Zhang & Zhaoyong Zhang, 2018. "RMB Exchange Rates and Volatility Spillover across Financial Markets in China and Japan," Risks, MDPI, vol. 6(4), pages 1-26, October.

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