Author(s)

Wen Xin ¹, Xie Jiaxing ¹

Affiliation(s)

¹ Southwest Petroleum University, Chengdu, Sichuan, 610500, China

Corresponding Author

Wen Xin

ABSTRACT

Green innovation is the driving force of corporate green development, and there is insufficient research on how the carbon emissions trading pilot and innovative city pilot policies jointly affect corporate green innovation. This paper examines the effects of the dual pilot policy on enterprise green innovation, and the results show that: the dual pilot of carbon emissions trading and innovative cities can effectively promote enterprise green innovation and have a "crowding out" effect on other innovative activities; from the viewpoint of the intermediary mechanism, the dual pilot policy promotes enterprise green innovation by enhancing the research and development intensity of regional enterprises and optimizing the cash flow ratio of enterprises; and the dual pilot policy promotes enterprise green innovation by enhancing the R&D intensity of regional enterprises and optimizing the cash flow ratio of enterprises. In terms of intermediary mechanism, the dual-pilot policy promotes green innovation by increasing the R&D intensity of regional enterprises and optimizing the cash flow ratio of enterprises; compared with the single-pilot policy, the dual-pilot policy is more effective in enhancing the level of green innovation of enterprises, and there is a synergistic effect between the two pilot policies; and conducting the pilot of innovative cities first and then conducting the pilot of carbon trading has a stronger effect on the promotion of green innovation.

KEYWORDS

Carbon emissions trading; innovative city; pilot policy; green innovation; DID modeling

CITE THIS PAPER

Wen Xin, Xie Jiaxing, A Study on the Impact of Policy Synergy on Corporate Green Innovation-Evidence from Listed Companies. Population, Resources & Environmental Economics (2023) Vol. 4: 157-166. DOI: http://dx.doi.org/10.23977/pree.2023.040119.

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