The impact of domestic and foreign public green R&amp;D on domestic green innovation

Herzer, Dierk

doi:10.1080/10438599.2023.2300066

Cited by 2 publications

(1 citation statement)

References 43 publications

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“…employing 2sls, we can mitigate biases arising from unobserved reverse causality and heterogeneity, thereby providing additional insights in the relationship between green technology innovation, energy consumption, and corporate value. This approach enhances the rigor and reliability of the analysis [83], contributing to a more comprehensive understanding of dynamics at place within context of Chinese chemical industries.…”

Section: Checking Robustness Of Baseline Results Using 2slsmentioning

confidence: 99%

Investigating the Influence of Green Technology Innovations on Energy Consumption and Corporate Value: Empirical Evidence from Chemical Industries of China

Lei,

Nisar

2023

IAET

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This study investigates the impact of green technology innovation on energy consumption and corporate value in China's chemical industries, utilizing data from 133 A-share listed enterprises over the period of 2013-2022. Data on green technology innovation are sourced from the Chinese Research Data Services (CNRDS) Platform, while energy consumption data are obtained from listed companies' annual reports, social responsibility reports, and websites. Corporate ESG data is sourced from Huazheng ESG rating, and other data are obtained from China Stock Market & Accounting Research Database (CSMAR) and the National Statistics Bureau. Employing a two-way fixed effects model, this finds that green technology innovation mitigates energy consumption, and boosts corporate value of Chinese A-share listed enterprises of chemical industries. The study ensures the robustness of its findings through 2SLS analysis, using green patent applications as instrumental variables. The moderating effects of ESG disclosure are found significant to strengthen the influence of green technology innovation on energy consumption and corporate value. These findings offer valuable insights for policymakers and stakeholders in shaping strategies to promote sustainability and competitiveness in the chemical industry.

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Section: Checking Robustness Of Baseline Results Using 2slsmentioning

confidence: 99%

Investigating the Influence of Green Technology Innovations on Energy Consumption and Corporate Value: Empirical Evidence from Chemical Industries of China

Lei,

Nisar

2023

IAET

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Sustainable Energy Usage for Africa: The Role of Foreign Direct Investment in Green Growth Practices to Mitigate CO2 Emissions

Kouassi,

Xu,

Bosah

et al. 2024

Energies

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In line with Africa’s commitment to keeping up with the United Nations Framework Convention on Climate Change, achieving a sustainable future requires balancing economic growth with environmental sustainability. This study investigates the long-term impacts of foreign direct investment, economic growth, agricultural production, and energy consumption on CO2 emissions across 43 African nations from 1990 to 2021. Despite significant research on the individual effects of these factors, the combined influence on CO2 emissions remains underexplored. Addressing this gap, this study employs cross-sectional augmented distributed lag estimators (CS-DL and AMG) and updated estimation packages to effectively examine the relationships between variables. Our findings are as follows: firstly, economic growth and energy use was shown to have a significant positive influence on CO2 in the long term. Also, foreign direct investment significantly promotes CO2 emissions. Secondly, the causality test shows a unidirectional causal relationship between CO2 emissions and foreign direct investment. The test also revealed a bidirectional relationship between GDP and CO2 emissions, as well as between energy consumption and CO2 emissions. Again, a bidirectional causation was observed between agricultural production and CO2 emissions. Thirdly, the impulse response analysis shows that GDP will contribute more to emissions over the 10-year forecast period. This study also proposes policy implications to lessen CO2 across the continent and advocates for the judicious adoption of existing policy frameworks like the 2030 Agenda for environmental Sustainability.

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The impact of domestic and foreign public green R&D on domestic green innovation

Cited by 2 publications

References 43 publications

Investigating the Influence of Green Technology Innovations on Energy Consumption and Corporate Value: Empirical Evidence from Chemical Industries of China

Investigating the Influence of Green Technology Innovations on Energy Consumption and Corporate Value: Empirical Evidence from Chemical Industries of China

Sustainable Energy Usage for Africa: The Role of Foreign Direct Investment in Green Growth Practices to Mitigate CO2 Emissions

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