ORIGINAL RESEARCH
Visible Hand: Do Government Subsidies Promote Green Innovation Performance – Moderating Effect of Ownership Concentration
Haoqiang Wu 1  
,   Shulin Liu 1  
,   Sumin Hu 1, 2  
 
More details
Hide details
1
School of Economics, Wuhan University of Technology, Wuhan, China
2
Suzhou University of Science an Technology, Wuhan, China
CORRESPONDING AUTHOR
Sumin Hu   

School of Economics, Wuhan university of Technology, China
Submission date: 2020-02-08
Final revision date: 2020-06-06
Acceptance date: 2020-06-06
Online publication date: 2020-09-09
Publication date: 2020-11-10
 
Pol. J. Environ. Stud. 2021;30(1):881–892
 
KEYWORDS
TOPICS
ABSTRACT
Enterprise green innovation is an important way to promote sustainable development of the environment. This paper focuses on the impact of government subsidies on enterprise green innovation, as well as the moderating role of ownership concentration on the relationship. Using China’s data on high-tech enterprises listed in Shanghai and Shenzhen from 2011 to 2016, the hypotheses are tested. The results suggest that: government subsidies effectively improve the enterprises green innovation performance; ownership concentration displays a positively U-shaped effect in relation to green innovation; equity concentration has an inverted U-shaped moderating effect on the relationship between government subsidies and green innovation performance. Moreover, the baseline conclusions applied to SOEs do not apply to non-SOEs. Thus, an integrated framework of public supported resources and internal governance is built to improve the efficiency of government subsidies to develop green new technologies and ultimately promote the sustainability of the environment.
eISSN:2083-5906
ISSN:1230-1485