The Impact of State Subsidies on Green Innovation in Heavily Polluting Enterprises

DOI: https://doi.org/10.62517/jbm.202409302

Author(s)

Yuyan Yang1, Qing Chen1, Yingyi Yang1, Shujun Liu1, Kunhao Ma2

Affiliation(s)

1School of Accountncy, Hubei University of Economics, Wuhan, Hubei, China 2School of Finance and Public Administration, Hubei University of Economics, Wuhan, Hubei, China

Abstract

In recent years, China has adhered to the concept of green development as well as focused on building a “community of human and natural life”. Since 2017, it has been proposed that China’s economic development has shifted from high-speed growth to high-quality development. In this context, the green and low-carbon transformation and development of heavily polluting corporations is imminent. In view of this, we start from state subsidies, explore their impact on the green innovation of high-polluting corporations. We find that state subsidies have a catalytic effect on green innovation of high-polluting corporations. In order to help China continuously improve state subsidies and green development management, and make better use of state subsidies in promoting green innovation of high-polluting corporations, we put forward relevant suggestions.

Keywords

State Subsidies; Heavy Polluting Enterprises; Enterprise Transformation; Green Innovation; Sustainable Development

References

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