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Low-carbon city pilot, external governance, and green innovation

Author

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  • Shi, Lei
  • Wang, Yanping
  • Jing, Lei

Abstract

This study examines the impact of low-carbon city pilot policies on green innovation of enterprises. We find that: (1) The low-carbon city pilot policy significantly promotes green innovation in enterprises, while improving the quantity and quality of green innovation in enterprises. (2) R&D investment plays a mediating role in the relationship between the low-carbon city pilot policy and green innovation. (3) Based on external governance analysis, we find that the promotion effect of low-carbon city pilot policies on green innovation is more significant when media attention is higher.

Suggested Citation

  • Shi, Lei & Wang, Yanping & Jing, Lei, 2024. "Low-carbon city pilot, external governance, and green innovation," Finance Research Letters, Elsevier, vol. 67(PB).
    • Handle: RePEc:eee:finlet:v:67:y:2024:i:pb:s1544612324007980
    DOI: 10.1016/j.frl.2024.105768
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    More about this item

    Keywords

    Low-carbon city pilot policy; External governance; Green innovation; R&D investment;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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