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The impacts of government R&D subsidies on green innovation: Evidence from Chinese energy-intensive firms
Abstract
Abstract Energy-intensive industries are a priority for achieving low-carbon economic growth in China, and a large number of government R&D subsidies have been injected into energy-intensive firms to support green innovation in recent years. Most of the existing literature has studied the impacts of R&D subsidies on the general innovation of high-tech firms or emerging enterprises. This paper explores the impacts of government R&D subsidies on the green innovation of energy-intensive firms. By employing propensity score matching with 527 samples of listed companies from 2010 to 2015, the empirical results show that government R&D subsidies increase the green innovation of energy-intensive firms, specifically their tendency and performance, by 107.3% and 54.1%, respectively. Heterogeneity analyses show that the impact is stronger in state-owned enterprises and in small and medium enterprises. Finally, some practical implications are put forward that may help to improve the efficiency of government R&D subsidies and promote the green innovation of energy-intensive firms.
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Citations
Cited by
Li, J., Lian, G., & Xu, A. (2023) · Journal of Business Research · doi:10.1016/j.jbusres.2023.113648 · Cited by 423
Roh, T., Lee, K., & Yang, J. Y. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2021.128422 · Cited by 312
Badghish, S., & Soomro, Y. A. (2024) · Sustainability · doi:10.3390/su16051864 · Cited by 261
Effects of climate policy uncertainty on green innovation in Chinese enterprises
Sun, G., Fang, J., Li, T., & Ai, Y. (2024) · International Review of Financial Analysis · doi:10.1016/j.irfa.2023.102960 · Cited by 259
Wang, K., & Jiang, W. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2021.128029 · Cited by 166
Metadata
- Authors
- Bai, Y., Song, S., Jiao, J., & Yang, R.
- Venue
- Journal of Cleaner Production
- Publisher
- Elsevier BV
- Published
- 2019-10
- Volume
- 233
- Pages
- 819-829
- ISSN
- 0959-6526 (ISSN-L)
- OpenAlex
- W2951901227
- Cited by
- 634
- References
- 0
- FWCI
- 53.61
- Type
- journal article
- Language
- en
- Open access
- closed
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- Bai, Y., Song, S., Jiao, J., & Yang, R. (2019). The impacts of government R&D subsidies on green innovation: Evidence from Chinese energy-intensive firms. Journal of Cleaner Production. https://doi.org/10.1016/j.jclepro.2019.06.107
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