Dynamic Relationship Between Environmental Policy and Technological Innovation: Evidence from Firms in Korean Emission Trading Scheme
Jung Youn Mo,
Wooyoung Jeon
Abstract:To cope with radical global environmental regulation, it is necessary to find efficient ways to decrease carbon emissions with a low burden on firms and to design valid policies for a sustainable economy. This study investigates the link between the carbon emissions market and firms’ innovation activities and examines the impact of R&D investment caused by the carbon emissions market on the financial performance of firms participating in the Korean Emission Trading Scheme (KETS). This study assumes that a … Show more
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