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• W4312792375 abstract "<abstract> <p>As an emerging financial tool, green bonds can broaden the financing channels of enterprises and stimulate the green innovation of enterprises. Based on the A-share data of Chinese listed companies from 2012 to 2020, this paper analyzes the impact of green bonds on green technology innovation by using a method of Difference in Difference with Propensity Score Matching (PSM-DID). We found that green bonds can significantly improve enterprise green technology innovation. Its positive impact is attributed to increases in media attention and R&amp;D capital investment and a reduction in financing constraints. Green bonds play a greater role in the green innovation of strong financial constraints enterprises, non-SOEs and large-scale enterprises. Our findings have important reference significance for the improvement of the resource allocation role of green bonds and achievement of sustainable growth.</p> </abstract>" @default.
• W4312792375 created "2023-01-05" @default.
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• W4312792375 date "2022-01-01" @default.
• W4312792375 modified "2023-10-05" @default.
• W4312792375 title "How do green bonds affect green technology innovation? Firm evidence from China" @default.
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• W4312792375 doi "https://doi.org/10.3934/gf.2022024" @default.
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