Author(s)

Yanjiao Li ¹, Zhichao Liu ¹

Affiliation(s)

¹ College of Management, Sichuan Agricultural University, Chengdu, China

Corresponding Author

Zhichao Liu

ABSTRACT

This paper mainly discusses how economic policy uncertainty affects enterprise green innovation. This paper uses the data of China's A-share listed companies from 2010 to 2021 for empirical research. The results show that economic policy uncertainty positively affects green innovation. In addition, the relationship between economic policy uncertainty and green innovation activities is influenced by ownership concentration. Combined with the theoretical analysis and empirical research, this paper puts forward relevant policy suggestions from the two levels of government and enterprise respectively. On the one hand, the government should introduce policies to encourage enterprises to make green innovations. On the other hand, enterprises should also actively respond to the challenges brought by uncertainty.

KEYWORDS

Economic Policy Uncertainty, Green Innovation, Ownership Concentration

CITE THIS PAPER

Yanjiao Li, Zhichao Liu, Economic Policy Uncertainty and Corporate Green Innovation. Information Systems and Economics (2024) Vol. 5: 170-174. DOI: http://dx.doi.org/10.23977/infse.2024.050123.

REFERENCES

[1] Gulen H, and M.Ion, "Policy Uncertainty and Corporate Investment", Review of Financial Studies, 2016, 29(3): 523-564.
[2] BLOOM N. The Impact of Uncertainty Shocks[J].Econometrica, 2009, 77(3):623-685.
[3] BLOOM N. Fluctuations in Uncertainty[J].Journal of Economic Perspectives, 2014, 28(2):153-176.
[4] WEEDS H.Strategic Delay in a Real Options Model of R&D Competition[J].Review of Economic Studies, 2002, 69(3):729-747.
[5] Baker, S.R.; Bloom, N and Davis, S.J. Measuring Economic Policy Uncertainty[J].Quarterly Journal of Economics, 2016, 131(4):1593-1636.

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