The Impact of Government Guided Funds on Green Technological Innovation in Heavily Polluting Enterprises
Leveraging the policy effects of government guided funds is a crucial avenue to facilitate enterprises in achieving green transformation and development.Based on data from heavily polluting listed companies on the A-share market in China that received support from government guided funds from 2010 to 2020,this study employs the Propensity Score Matching-Double Difference(PSM-DID)model to empirically examine the role of government guided funds in fostering green technological innovation in heavily polluting enterprises.The results indicate that government guided funds can stimulate green technological innovation in enterprises.Research and development(R&D)investment serves as a significant pathway through which government guided funds promote green technological innovation.Additionally,industry concentration can reinforce the policy effects of government guided funds,and such funds can significantly boost green technological innovation in enterprises located in eastern regions and those in the chemical industry.Therefore,it is imperative to strengthen the establishment of government guided funds,oversee the scale and direction of their investments,enhance their guiding effectiveness,balance regional and industrial development,and contribute to high-quality economic growth.
国家科技期刊平台
NSTL
万方数据
维普
