Political corruption and green innovation

Xiaofeng Quan; Ke Zhang; Rui Zhong; Yuxiang Zhu

doi:10.1016/j.pacfin.2023.102169

Political corruption and green innovation

Xiaofeng Quan, Ke Zhang, Rui Zhong, Yuxiang Zhu

Accounting and Finance

Research output: Contribution to journal › Article › peer-review

11 Citations (Scopus)

Abstract

This study investigates the influence of corruption on firms' green innovation activities in the context of Chinese listed firms during a period from 2007 to 2017. We find that the firms headquartered in severely corrupted provinces are associated with fewer green patents and citations. This finding is robust after addressing endogeneity concerns. Furthermore, we document profound evidence that local corruption reduces corporate green innovating activities through reducing the demands of corporate green innovations and increasing the opportunity costs for green innovating investments. Our findings shed light on the negative effects of political corruption on corporate green innovations.

Original language	English
Article number	102169
Journal	Pacific Basin Finance Journal
Volume	82
DOIs	https://doi.org/10.1016/j.pacfin.2023.102169
Publication status	Published - Dec 2023

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10.1016/j.pacfin.2023.102169

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title = "Political corruption and green innovation",

abstract = "This study investigates the influence of corruption on firms' green innovation activities in the context of Chinese listed firms during a period from 2007 to 2017. We find that the firms headquartered in severely corrupted provinces are associated with fewer green patents and citations. This finding is robust after addressing endogeneity concerns. Furthermore, we document profound evidence that local corruption reduces corporate green innovating activities through reducing the demands of corporate green innovations and increasing the opportunity costs for green innovating investments. Our findings shed light on the negative effects of political corruption on corporate green innovations.",

keywords = "Corporate social responsibility, Green innovations, Political corruption",

author = "Xiaofeng Quan and Ke Zhang and Rui Zhong and Yuxiang Zhu",

note = "Funding Information: We appreciate the support by the Major Project of National Social Science Foundation of China (Project No 17ZDA087 ). Any errors that remain are our own. Publisher Copyright: {\textcopyright} 2023 Elsevier B.V.",

year = "2023",

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doi = "10.1016/j.pacfin.2023.102169",

language = "English",

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T1 - Political corruption and green innovation

AU - Quan, Xiaofeng

AU - Zhang, Ke

AU - Zhong, Rui

AU - Zhu, Yuxiang

N1 - Funding Information: We appreciate the support by the Major Project of National Social Science Foundation of China (Project No 17ZDA087 ). Any errors that remain are our own. Publisher Copyright: © 2023 Elsevier B.V.

PY - 2023/12

Y1 - 2023/12

N2 - This study investigates the influence of corruption on firms' green innovation activities in the context of Chinese listed firms during a period from 2007 to 2017. We find that the firms headquartered in severely corrupted provinces are associated with fewer green patents and citations. This finding is robust after addressing endogeneity concerns. Furthermore, we document profound evidence that local corruption reduces corporate green innovating activities through reducing the demands of corporate green innovations and increasing the opportunity costs for green innovating investments. Our findings shed light on the negative effects of political corruption on corporate green innovations.

AB - This study investigates the influence of corruption on firms' green innovation activities in the context of Chinese listed firms during a period from 2007 to 2017. We find that the firms headquartered in severely corrupted provinces are associated with fewer green patents and citations. This finding is robust after addressing endogeneity concerns. Furthermore, we document profound evidence that local corruption reduces corporate green innovating activities through reducing the demands of corporate green innovations and increasing the opportunity costs for green innovating investments. Our findings shed light on the negative effects of political corruption on corporate green innovations.

KW - Corporate social responsibility

KW - Green innovations

KW - Political corruption

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DO - 10.1016/j.pacfin.2023.102169

M3 - Article

AN - SCOPUS:85173212193

SN - 0927-538X

VL - 82

JO - Pacific Basin Finance Journal

JF - Pacific Basin Finance Journal

M1 - 102169

ER -

Political corruption and green innovation

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