The role of high-tech certification in enterprise green innovation: from the perspectives of substantive innovation and strategic innovation DOI Creative Commons
Zhiqiang Liang, Yao Shen, Kunyu Yang

et al.

Frontiers in Environmental Science, Journal Year: 2025, Volume and Issue: 13

Published: March 10, 2025

Sustainable development comes from a balance between economic growth and environmental protection, with due consideration of long-term impacts on environment. Leveraging policy tools to promote green innovation is critical strategy for achieving this objective. This paper examines the impact high-tech certification corporate innovation, distinguishing substantive strategic innovation. It develops theoretical framework analyze how influences enterprise through mechanisms such as tax preferences, government subsidies, financing constraints, leveraging capital market attention. The study employs zero-inflated negative binomial regression model utilizes data A-share listed companies 2006 2023 systematically assess strategies, underlying mechanisms, their heterogeneity. research discovers that in general, significantly promotes having more prominent facilitating effect resulting certain degree patent false prosperity. From perspective increases resources actually obtained by enterprises preferences subsidies alleviates thereby guiding undertake innovation; while enhancing attention expected enterprises, prompting be inclined towards Further analysis reveals varies across different ownership structures, industries, regions. Specifically, state-owned technology-intensive sectors, located central regions, positive particularly pronounced. contributes literature strategies offering robust empirical evidence optimizing design, mitigating arbitrage, preventing bubbles.

Language: Английский

The Impact of Government-Led Green Certification on Enterprise Green Transformation—Evidence from Green Factory Recognition DOI Open Access
S. Nie, Guixia Wang

Sustainability, Journal Year: 2025, Volume and Issue: 17(5), P. 2271 - 2271

Published: March 5, 2025

This paper examines the impact of government-led green certification on enterprise transformation, utilizing data from A-share-listed firms in China and focusing Green Factory Certification program launched by Ministry Industry Information Technology 2016. We find that has a significant environmental incentive effect, with certified factories significantly accelerating transformation compared to non-certified enterprises. These findings provide strong response ongoing debate regarding performance policies. Unlike general certification, incorporates both internal incentives external monitoring. factory reduces financing costs promotes innovation, while also attracting attention investors media scrutiny, which turn accelerates transformation. Additionally, differential effects The effect is more pronounced regions high public concern, non-heavily polluting industries, non-state-owned enterprises, large-scale broadens policy pathways for perspective offering valuable insights promoting such transformations.

Language: Английский

Citations

0
The role of high-tech certification in enterprise green innovation: from the perspectives of substantive innovation and strategic innovation DOI Creative Commons
Zhiqiang Liang, Yao Shen, Kunyu Yang

et al.

Frontiers in Environmental Science, Journal Year: 2025, Volume and Issue: 13

Published: March 10, 2025

Sustainable development comes from a balance between economic growth and environmental protection, with due consideration of long-term impacts on environment. Leveraging policy tools to promote green innovation is critical strategy for achieving this objective. This paper examines the impact high-tech certification corporate innovation, distinguishing substantive strategic innovation. It develops theoretical framework analyze how influences enterprise through mechanisms such as tax preferences, government subsidies, financing constraints, leveraging capital market attention. The study employs zero-inflated negative binomial regression model utilizes data A-share listed companies 2006 2023 systematically assess strategies, underlying mechanisms, their heterogeneity. research discovers that in general, significantly promotes having more prominent facilitating effect resulting certain degree patent false prosperity. From perspective increases resources actually obtained by enterprises preferences subsidies alleviates thereby guiding undertake innovation; while enhancing attention expected enterprises, prompting be inclined towards Further analysis reveals varies across different ownership structures, industries, regions. Specifically, state-owned technology-intensive sectors, located central regions, positive particularly pronounced. contributes literature strategies offering robust empirical evidence optimizing design, mitigating arbitrage, preventing bubbles.

Language: Английский

Citations

0