Third Party Environmental Disclosure and Firm’s Green Innovation: Evidence from a Natural Experiment in China

Luo, Chuanjian; Luo, Ying; Ma, Wenhao; Gao, Jie

doi:10.1080/1540496x.2021.1987214

Cited by 18 publications

(2 citation statements)

References 49 publications

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“…Although there are many studies about the effect of IPP on corporate innovation behaviors, most literature has examined the impact of China's overall level of IPP from the perspective of IP demonstration city policy (Xia et al, 2023), which does not focus on IPJP. For IPJP, some researchers have analyzed the effect of IPJP on corporate innovation based on the establishment of the IP courthouse in 2014 (Song et al, 2023), but the policy scope of the IP courthouse is limited, only in Beijing, Shanghai, and Guangzhou that with high‐level administration and good economic development, which may lead to regression bias. The IP court policy was implemented in 2017 and covered more than 20 provinces and cities in China, so it could be more representative to verify the relationship between IPJP and corporate innovation.…”

Section: Introductionmentioning

confidence: 99%

Intellectual property judicial protection, innovation factor input, and corporate innovation: Evidence from the establishment of intellectual property courts in China

Nie,

Qi,

Feng

2024

Manage Decis Econ

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Based on the establishment of China's intellectual property (IP) courts, this article examines the impact of intellectual property judicial protection (IPJP) on corporate innovation using the sample of China's A‐shared listed firms from 2013 to 2021 by the time‐varying difference‐in‐differences (DID) model. The result shows that IP courts have a significant positive effect on corporate innovation, mainly by increasing innovation factor input, including expenditure of R&D funds and R&D personnel quantity. Additionally, the effect is stronger for invention patents and in non‐state‐owned firms, small firms, high‐tech firms, and firms with low financing constraints.

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Section: Introductionmentioning

confidence: 99%

Intellectual property judicial protection, innovation factor input, and corporate innovation: Evidence from the establishment of intellectual property courts in China

Nie,

Qi,

Feng

2024

Manage Decis Econ

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“…Thus, it has successively issued a series of “green” regulations and policies (Wang & Zhang, 2020). In this context, how to drive green innovation, promote green development, and achieve harmonious coexistence between humans and nature have become important tasks for China to build a modern environmental governance system (Luo et al, 2022). Therefore, this paper argues that it is of great practical significance to take China as an example to explore the influencing factors of green innovation.…”

Section: Introductionmentioning

confidence: 99%

Green innovation peer effects in common institutional ownership networks

Feng

2022

Corp Soc Responsibility Env

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As an important breakthrough in coordinating economic, social, and ecological benefits, green innovation has received wide attention from governments, firms, and the public. However, existing studies mainly explored the economic factors influencing firms' green innovation while neglecting social factors. This study took common institutional ownership as the research perspective to explore whether firms' green innovation decisions are affected by their peers. Using a sample of Chinese A-share listed firms from 2003 to 2019, this paper found that firms imitate their peers' green innovation in common institutional ownership networks and exhibit green innovation peer effects. Mechanism testing revealed that "voting with hands" through common institutional ownership helps firms obtain green innovation information (informationbased imitation), while "voting with feet" through common institutional ownership helps firms maintain a competitive awareness of green innovation (rivalry-based imitation), thereby contributing to green innovation peer effects in common institutional ownership networks. Heterogeneity analysis showed that firms with greater financing constraints and lower levels of risk-taking are more likely to imitate their peers' green innovation. Moreover, firms only regard peers with similar industry status and identical property rights as imitation targets in common institutional ownership networks, thereby following "the imitation law of closer preference." An analysis of economic consequences revealed that green innovation peer effects in common institutional ownership networks are not strategic behaviors of "quantity over quality," with imitation contributing to improving firm value. This paper enriches existing research on the influencing factors of green innovation and provides a new reference for promoting sustainable development.

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How does green credit policy affect innovation efficiency of heavily polluting firms? Evidence from a quasi-natural experiment in China

Wang,

Ye,

Fang

2023

Environ Dev Sustain

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Third Party Environmental Disclosure and Firm’s Green Innovation: Evidence from a Natural Experiment in China

Cited by 18 publications

References 49 publications

Intellectual property judicial protection, innovation factor input, and corporate innovation: Evidence from the establishment of intellectual property courts in China

Intellectual property judicial protection, innovation factor input, and corporate innovation: Evidence from the establishment of intellectual property courts in China

Green innovation peer effects in common institutional ownership networks

How does green credit policy affect innovation efficiency of heavily polluting firms? Evidence from a quasi-natural experiment in China

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