Green signals: The impact of environmental protection support policies on firms' green innovation
Licheng Yang,
Shijie Song,
Chunlin Liu
Abstract:The importance of government environmental financial incentives in stimulating firms' green innovation has long been recognized. However, researchers have yet to fully determine how a small amount of financial incentives can be used to promote expensive green innovation. Unlike prior studies based on the investigation of direct effects, this study provides a new perspective by employing signaling theory. Focusing on environmental protection support policy (EPSP) in China, it employs ordinary least squares (OLS… Show more
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