Capital market liberalization and green innovation for sustainability: Evidence from China

• Published in: Economic analysis and policy Vol. 75; pp. 610 - 623
• Main Authors: Feng, Gen-Fu, Niu, Peng, Wang, Jun-Zhuo, Liu, Jian
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.09.2022
• Subjects: Capital market liberalization; Green innovation; Mediating effect; Q55; Capital market liberalization; Green innovation; G18; Mediating effect

This paper investigates the impact of capital market liberalization on green innovation. In our theoretical examination, we empirically analyze data on 1,693 listed firms in China in 2008–2019, using a time-varying difference-in-differences model. The results show that capital market liberalization...