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Can government subsidies promote the green technology innovation transformation? Evidence from Chinese listed companies

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  1. Song, Yang & Zhang, Yue & Zhang, Zhipeng & Sahut, Jean-Michel, 2025. "Artificial intelligence, digital finance, and green innovation," Global Finance Journal, Elsevier, vol. 64(C).
  2. Deng, Kebin & Ding, Zhong & Ren, Liuyang & Xiang, Ziyun, 2025. "Does ownership matter in driving green subsidies effects? A quasi natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1079-1104.
  3. Ji, Heli & Yu, Zhihai & Tian, Grace (Li) & Wang, David (Han) & Wen, Yue, 2025. "Market competition, environmental, social and corporate governance investment, and enterprise green innovation performance," Finance Research Letters, Elsevier, vol. 77(C).
  4. Lin, Boqiang & Xie, Yongjing, 2023. "Positive or negative? R&D subsidies and green technology innovation: Evidence from China's renewable energy industry," Renewable Energy, Elsevier, vol. 213(C), pages 148-156.
  5. Zhang, Na & Fan, Siyu & Zhao, Yuejiao & Jiang, Hui, 2025. "The impact of climate policy uncertainty on tail risk of energy companies: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 87(C), pages 2620-2635.
  6. Aili Zhang & Yajie Xu, 2025. "Intellectual Property Protection and Enterprise Green Technology Innovation: Evidence from Manufacturing Industries in China," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 15(5), pages 1-7.
  7. Qian, Xiang-Yan & Yu, Yan-Yan & Yan, Song-Yang & Jiang, Hong-Dian, 2025. "Environmental and economy-wide impacts of green fiscal policies on digital economy development: A CGE-based analysis," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 65-75.
  8. Fu, Yanyu, 2024. "Enterprises’ internationalization, R&D investment and enterprise performance," Finance Research Letters, Elsevier, vol. 67(PA).
  9. Zhou, Wenxiao & Song, Yi & Xu, Deyi & Zhang, Yijun, 2025. "Government subsidies and industrial chain resilience: Evidence from Chinese resource-based enterprises," Resources Policy, Elsevier, vol. 102(C).
  10. Han, Yajie & Han, Liyan & Liu, Chengkun & Wang, Qisong, 2024. "How does government R&D subsidies affect enterprises’ viability? An investigation on inverted U-shaped relationship," Finance Research Letters, Elsevier, vol. 70(C).
  11. Tiantian Cui & Weixian Wei & Jianhua Huangfu, 2025. "Climate Policy Uncertainty and Green Technology Innovation: An Inverted U Relationship?," Sustainability, MDPI, vol. 17(17), pages 1-22, September.
  12. Bian, Zhiqiang & Zhang, Caibin, 2025. "Do different decentralization reforms prohibit or inhibit Chinese corporate carbon emission intensities?," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1176-1196.
  13. Han, Xiaoya & Khouja, Moutaz & Liu, Xin, 2023. "A dynamic model considering consumer green awareness and environmental subsidy," International Journal of Production Economics, Elsevier, vol. 260(C).
  14. Xiuyun Yang & Qi Han, 2023. "Nonlinear Effects of Environmental Data Disclosure on Urban Pollution Emissions: Evidence from China," Sustainability, MDPI, vol. 15(14), pages 1-18, July.
  15. Zhe Xu & Ying Wang & Xiaoliang Shi & Yingying Qiu & Chunzi Su & Dan He, 2025. "The Impact of Environmental Subsidies and Enforcement on Green Innovation: Evidence from Heavy-Polluting Enterprises in China," Sustainability, MDPI, vol. 17(3), pages 1-25, February.
  16. Jingjing Deng & Yi Li & Yu Ding & Fengqi Liu, 2025. "Effect of media attention on corporate green technology innovation: mechanism and evidence from China," Empirical Economics, Springer, vol. 68(2), pages 697-727, February.
  17. Qiang Wang & Tingting Sun & Rongrong Li, 2025. "Does Artificial Intelligence (AI) enhance green economy efficiency? The role of green finance, trade openness, and R&D investment," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-22, December.
  18. Ye, Muqing & Zeng, Wei, 2024. "Government innovation preferences, institutional fragility, and digital economic development," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 541-555.
  19. Weilong Wang & Jianlong Wang & Haitao Wu, 2025. "Assessing the Impact of New Digital Infrastructure on Enterprise Green Transformation from a Triple Performance Perspective," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 5594-5633, March.
  20. Zhao, Ran & He, Pinglin, 2024. "Government spending efficiency, fiscal decentralization and regional innovation capability: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 693-706.
  21. Yang, Fang & Ma, Yang & Tang, Xi & Ye, Xinhai & Chen, Xiaoye & Zhang, Ruochen, 2024. "Listing on the stock exchange and firm innovation," Finance Research Letters, Elsevier, vol. 66(C).
  22. Hongying Zhang & Chengxuan Geng & Dongqin Cao & Jiahui Wei, 2024. "Can high-tech industrial convergence promote green innovation efficiency? Evidence from 30 Chinese provinces," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(9), pages 23579-23611, September.
  23. Wang, Liping & Chen, Longjun & Wang, Zhijia & Li, Chuang, 2025. "Exploring strategies for promoting green technology innovation in enterprises from the perspective of inter-enterprise interaction and enterprise behavioral preferences," Renewable Energy, Elsevier, vol. 250(C).
  24. Gao, Xiang & He, Xixi & Sun, Chuanwang & Wu, Dongmei & Zhang, Jie, 2025. "Innovation in shouldering green responsibility: ESG performance and green technology innovation," Energy Economics, Elsevier, vol. 142(C).
  25. Liu, Fang & Zhang, Zhaomei & Zhang, Junjie & Guo, Fenghang, 2025. "Nationalism and corporate innovation performance," International Review of Economics & Finance, Elsevier, vol. 102(C).
  26. Zhang, Haowei & Lv, Yang & Zhang, Justin Z. & Fadil, Paul, 2025. "Government science and technology spending and energy efficiency: An inverted U-shaped analysis," Energy Economics, Elsevier, vol. 149(C).
  27. Bo Zhang & Yi Li, 2025. "Research on the Impact of Green Policies on the Transformation of Manufacturing Enterprises from the Perspective of Central-Local Collaboration," Sustainability, MDPI, vol. 17(11), pages 1-38, June.
  28. Ping Zhang & Yu Qian & Xuefei Wang & Fan Yang, 2025. "Can technological talent agglomeration improve carbon emission efficiency? Evidence from China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(12), pages 30135-30159, December.
  29. Ke Mao & Junxin Huang, 2022. "How Does Climate Policy Uncertainty Affect Green Innovation? Evidence from China," IJERPH, MDPI, vol. 19(23), pages 1-14, November.
  30. Qingmin Kong & Peng Lin & Tingting Gu, 2024. "Impact of Servitization on Employee Satisfaction with Performance Evaluation Systems: A Case Study of China’s New Energy Sector Amid Power Market Reforms," Sustainability, MDPI, vol. 16(20), pages 1-18, October.
  31. Sheng, Pengfei & Liu, Weiliang, 2024. "Does the government's green commitment matter for energy conservation in China? The role of public spending," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 1061-1073.
  32. Zhang, Ping & Wang, Yiru & Gao, Jieying, 2023. "Going public and innovation: Evidence from the ChiNext stock market," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 586-613.
  33. Ge, Tao & Hao, Zixuan & Chen, Yuan & Chen, Zhanbo, 2024. "Energy intensity constraints and corporate investment strategies: Evidence from Chinese listed enterprises," Finance Research Letters, Elsevier, vol. 64(C).
  34. Junling Jiang & Zhaoxin He & Changren Ke, 2023. "Construction Contractors’ Carbon Emissions Reduction Intention: A Study Based on Structural Equation Model," Sustainability, MDPI, vol. 15(14), pages 1-21, July.
  35. Li, Fan, 2025. "Pledge of controlling shareholder's equity, digital transformation, and green innovation," Finance Research Letters, Elsevier, vol. 76(C).
  36. Liu, Guangrui & Fang, Ying & Qian, Hao & Ding, Zhigang & Zhang, Alex & Zhang, Songlin, 2025. "Incentive or catering effect of environmental subsidies? Evidence from ESG reports on greenwashing," International Review of Financial Analysis, Elsevier, vol. 103(C).
  37. Xiatian Chen & Kaihua Bao & Chen Gao & Ya Wen & Ting Zhang, 2025. "Towards Corporate Sustainability: Can the Cultural and Tourism Consumption Promotion Policy Enhance Corporate ESG Performance?," Sustainability, MDPI, vol. 17(18), pages 1-28, September.
  38. Kunyan Zhu & Siying Chen & Rufei Ma, 2026. "Speed and sustainability: the impact of digital transformation speed on firms’ low-carbon performance," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 28(2), pages 5185-5205, February.
  39. Ma, Tiancheng & Li, Xindi & Xing, Jiayi & Yang, Miao, 2025. "Foreign direct investment, R&D investment and corporate green technological innovation," Finance Research Letters, Elsevier, vol. 85(PD).
  40. Xinyan Xu & Jieyu Li & Jianming Zheng, 2025. "China’s Industry–Finance Collaboration Pilot in Stimulating Corporate Green Innovation," Sustainability, MDPI, vol. 17(10), pages 1-25, May.
  41. Yiqiang Zhou & Lianghua Chen & Xue Peng & Wan Li, 2026. "Impact of “environmental disclosure greenwashing”: a study from the perspective of heterogeneous environmental policies," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 28(4), pages 10265-10298, April.
  42. Han, Zhen & Luo, Erga & Xiong, Xuezhen & Li, Jinkai, 2026. "Government innovation subsidies and enterprise digital transformation: Evidence from Chinese listed companies," Technology in Society, Elsevier, vol. 84(C).
  43. Lin Yang & Zhengnan Lu & Mengsha Shen, 2025. "Research on the Effect and Path of CBAM on Green Technology Innovation in China’s High-Carbon Manufacturing Industries," Sustainability, MDPI, vol. 17(5), pages 1-26, March.
  44. Zhang, Ge & Liu, Songxian & Guo, Bingnan, 2025. "The impact of administrative monopoly regulation on industrial enterprises' green transformation: Evidence from China's Fair Competition Review System," International Review of Financial Analysis, Elsevier, vol. 106(C).
  45. Li, Xin & Zhou, Xiaoxue & Yan, Ke, 2022. "Technological progress for sustainable development: An empirical analysis from China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 146-155.
  46. Chenggang Wang, 2022. "Green Technology Innovation, Energy Consumption Structure and Sustainable Improvement of Enterprise Performance," Sustainability, MDPI, vol. 14(16), pages 1-21, August.
  47. Zhou, Chao & Lin, Feng, 2024. "Does global diversification promote or hinder green innovation? Evidence from Chinese multinational corporations," Technovation, Elsevier, vol. 129(C).
  48. Zhang, Yijun & Meng, Zhenzhen & Song, Yi, 2023. "Digital transformation and metal enterprise value: Evidence from China," Resources Policy, Elsevier, vol. 87(PB).
  49. Song, Yang & Zhang, Zhiyuan & Sahut, Jean-Michel & Rubin, Ofir, 2023. "Incentivizing green technology innovation to confront sustainable development," Technovation, Elsevier, vol. 126(C).
  50. Ma, Yanxin & Li, Shimei & Zhou, Liying, 2024. "Why are enterprises willing to assume social responsibility? Answers from the perspective of innovation," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 188-198.
  51. Jincheng Li & Qian Wang, 2024. "Effect of Financial Support on the Green Technology Innovation of China’s Equipment-Manufacturing Enterprises," Sustainability, MDPI, vol. 16(18), pages 1-26, September.
  52. Zhang, Fan & Wang, Feng & Yao, Shujie, 2024. "Does government-driven infrastructure boost green innovation? Evidence of new infrastructure plan in China," Journal of Asian Economics, Elsevier, vol. 95(C).
  53. Boqiang Lin & Chongchong Xu, 2024. "RETRACTED ARTICLE: Evaluating the effect of green fiscal policy on firm energy performance: evidence from China," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-29, April.
  54. Wang, Jun-Zhuo & Feng, Gen-Fu & Yin, Hua-Tang & Chang, Chun-Ping, 2023. "Toward sustainable development: Does the rising oil price stimulate innovation in climate change mitigation technologies?," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 569-583.
  55. Yang, Zhenbing & Zhao, Ziyi & Shao, Shuai & Yang, Lili, 2023. "Carbon regulation and enterprise investment: Evidence from China," Energy Economics, Elsevier, vol. 128(C).
  56. Zhou, Yang & Su, Qian, 2025. "Environmental protection tax, management efficiency, and enterprise green technology innovation," Finance Research Letters, Elsevier, vol. 75(C).
  57. Ying Ying & Shanyue Jin, 2024. "Impact of Environmental Regulation on Corporate Green Technological Innovation: The Moderating Role of Corporate Governance and Environmental Information Disclosure," Sustainability, MDPI, vol. 16(7), pages 1-17, April.
  58. Wuling Zheng & Huaichao Chen & Yating Zhang, 2026. "Impact of capital market distortion on Chinese provincial carbon economy performance," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 28(2), pages 4577-4594, February.
  59. Li, Yuanyuan & Zhang, Yindan & Chen, Chen, 2025. "Enterprise digital transformation, government subsidies, and green innovation performance," Finance Research Letters, Elsevier, vol. 81(C).
  60. 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.
  61. Pingkuo Liu & Jiahao Wu, 2023. "Game Analysis on Energy Enterprises’ Digital Transformation—Strategic Simulation for Guiding Role, Leading Role and Following Role," Sustainability, MDPI, vol. 15(13), pages 1-33, June.
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  64. Daleng Xin & Wenying Liu & Zhonghe Wang & Kehui Wang, 2025. "Greening Through Recognition: Unveiling the Mechanisms of China’s High-Tech Enterprise Identification Policy on Sustainable Innovation," Sustainability, MDPI, vol. 17(17), pages 1-22, September.
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  70. Jue Wang & Rui Wang, 2024. "The Impact of Urbanization on Environmental Quality in Ecologically Fragile Areas: Evidence from Hengduan Mountain, Southwest China," Land, MDPI, vol. 13(4), pages 1-18, April.
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  80. Iqra Mehroush & Wasim Abbas Shaheen & Mohsin Shabir & Muhammad Talha, 2025. "Pathways to ecological resilience: exploring green energy and finance for sustainable development," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(8), pages 17861-17885, August.
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  84. Mohammad Dalvi-Esfahani & Mehrbakhsh Nilashi & Rabab Ali Abumalloh & Ramayah Thurasamy & Muhammad Shakil Ahmad, 2025. "Investigating the interrelationships between the barriers of green computing adoption: TISM-MICMAC-DEMATEL method," Quality & Quantity: International Journal of Methodology, Springer, vol. 59(1), pages 507-570, February.
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