Abstract
ABSTRACT We examine the effect of the political-firm bridge on corporate green innovation. Exploiting the 2015 Chinese reform that requires the Committee Party Secretary to concurrently serve as the Chairman of state-owned enterprises (SOEs) as a quasi-natural experiment, we employ a staggered difference-in-differences (DID) methodology. Drawing on data from 399 A-share listed SOEs from 2010 to 2019, the empirical investigation demonstrates that a stronger political-firm bridge improves corporate green innovation. We further leverage propensity score matching and placebo tests to strengthen identification. Moreover, environmental regulation and political promotion are two plausible mechanisms underlying our results. Collectively, we shed light on the interplay between the government and business in fostering sustainable growth.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
