Evidence map›Paper›PMID 33806099›Full record

ArticleInternational journal of environmental research and public health2021

Stock Market Liberalization and Corporate Green Innovation: Evidence from China.

Yuming Zhang, Juanjuan Zhang, Zhang Cheng

Abstract read
In one paragraph

Article in International journal of environmental research and public health, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 6 papers.

0numbers the graph read from it
0cells of the map it votes in
6citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

6 citing papers in PubMed.

  1. Article
  2. Article
  3. Article
  4. Can digital finance promote corporate green innovation?Environmental science and pollution research international · 2022
    Article
  5. Article
  6. Article
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

3 authors.

Yuming ZhangSchool of Management, Shandong University, Jinan 250100, China.
Juanjuan ZhangSchool of Management, Shandong University, Jinan 250100, China.
Zhang ChengThe Center for Economic Research, Shandong University, Jinan 250100, China.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

Corporate green innovation is an effective way to achieve energy conservation and emission reduction. Enterprises' willingness to pursue green innovation is increasingly affected by external factors. By using a quasi-natural experiment of China's Stock Connect program, we investigate the impact of stock market liberalization on corporate green innovation. We find that stock market liberalization increases enterprises' green innovation, especially for state-owned enterprises. We also find that stock market liberalization plays a stronger role in promoting the green invention patents of enterprises whose managers have overseas experience and enterprises in areas with a higher degree of openness. Our mechanism analysis suggests that stock market liberalization attracts the attention of securities analysts and increases managers' focus on environmental protection, thereby promoting corporate green innovation. Our findings show that stock market liberalization plays an important role in the governance of firms' non-financial behavior, which has important theoretical and practical implications.

Indexed as

Conservation of Natural ResourcesOrganizationsChinaInventionscapital market liberalizationgreen innovationShanghai-Hong Kong Stock Connect programShenzhen-Hong Kong Stock Connect program

Identifiers

PMID33806099
PMCPMC8037855

What OpenQuestion holds

Textmetadata
LicenceCC BY
Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.