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Green finance, managerial myopia and corporate green innovation: Evidence from Chinese manufacturing listed companies

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  • Zhang, Xingyue
  • Jiang, Fangxin
  • Liu, Haizhou
  • Liu, Ruizhi

Abstract

The impact of green finance on green innovation is supported by existing literatures, but rare studies query the relationship among such three variables. Using yearly data from China's A-share listed manufacturing firms (2007–2020), we find that green finance boosts green innovation, with managerial myopia moderating this effect. Notably, state-owned enterprises and those with higher management shareholding show more pronounced positive effects.

Suggested Citation

  • Zhang, Xingyue & Jiang, Fangxin & Liu, Haizhou & Liu, Ruizhi, 2023. "Green finance, managerial myopia and corporate green innovation: Evidence from Chinese manufacturing listed companies," Finance Research Letters, Elsevier, vol. 58(PB).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007559
    DOI: 10.1016/j.frl.2023.104383
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    References listed on IDEAS

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    Cited by:

    1. Sun, Guanglin & Fang, Jiming & Li, Jinning & Wang, Xiaolin, 2024. "Research on the impact of the integration of digital economy and real economy on enterprise green innovation," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    2. Dong, Zhenlin & Xin, Zijun & Liu, Dewen & Yu, Fangkun, 2024. "The impact of artificial intelligence application on company environmental investment in Chinese manufacturing companies," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    3. Che, Shuai & Tao, Miaomiao & Silva, Emilson & Sheng, Mingyue Selena & Zhao, Congyu & Wang, Jun, 2024. "Financial misallocation and green innovation efficiency: China's firm-level evidence," Energy Economics, Elsevier, vol. 136(C).

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