Local governments’ environmental emphasis and corporate green innovation: evidence from China

To study the effect of green industrial policies comprehensively, this paper takes uses a sample Chinese Shanghai and Shenzhen A-share listed companies from 2008 to 2019 impact local governments’ environmental emphasis on corporate innovation. The results show that has significant positive number patents enterprises. More importantly, attention mainly plays its role by improving protection awareness executives increasing subsidies. In addition, is more pronounced in state-owned enterprises, firms with low financing constraints, heavily polluting firms. Further research finds promoting invention non-invention patents, but only enhance intrinsic value