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Driving the Green Transformation of Enterprises: The Role of Patent Insurance

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  • Junhao Zhong
  • Zhenzhen Wang
  • Yunfeng Deng

Abstract

We verified the effect of patent insurance policy implementation on corporate green transformation, using a dataset of Chinese‐listed companies from 2007 to 2019. Using double/debiased machine learning and text analysis, we found that the pilot policy of patent insurance has a significant positive impact on the green transformation of enterprises. This effect is significant in heavily polluting industries, eastern regions, state‐owned enterprises, and companies in a growth stage. The patent insurance pilot policy promotes corporate green transformation by alleviating financing constraints, reducing operational risks, and increasing green output.

Suggested Citation

  • Junhao Zhong & Zhenzhen Wang & Yunfeng Deng, 2025. "Driving the Green Transformation of Enterprises: The Role of Patent Insurance," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(2), pages 1373-1391, March.
    • Handle: RePEc:wly:mgtdec:v:46:y:2025:i:2:p:1373-1391
    DOI: 10.1002/mde.4439
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