文献类型：期刊文献

英文题名：Promoting or inhibiting? The impact of supporting policy for resource-exhausted cities on corporate green technology innovation: evidence from China

作者：Yang, Jing[1];Chen, Hongan[1];Jin, Huan[2];Jiang, Yalin[3]

机构：[1]East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China;[2]Nanjing Univ Posts & Telecommun, Sch Econ, Nanjing, Peoples R China;[3]Nanjing Audit Univ, Sch Social Audit, Nanjing, Peoples R China

年份：2025

卷号：27

期号：4

起止页码：8495

外文期刊名：ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY

收录：;WOS:【SCI-EXPANDED(收录号:WOS:001119421400002)】；

语种：英文

外文关键词：DID; Supporting policy for resource-exhausted cities; Green technology innovation (GTI); Proportion of fixed assets; Rent-seeking expenses; R&D expenditures

摘要：Promoting green technology innovation (GTI) is a critical pathway to concurrently address economic development and environmental conservation. Thus, could the supporting policies implemented in resource-exhausted cities foster local firms' GTI? To investigate this question, we collect the data of Chinese listed manufacturing companies from 2003 to 2018, take the "supporting policy for resource-exhausted cities (SPREC)" as a quasi-natural experiment, and apply the DID methodology with multiple time periods to examine how the SPREC effects firms' GTI. Our findings reveal a significant inhibitory effect of SPREC on firms' GTI, and this effect is achieved through mechanisms that involve the alleviation of financing constraints, an increase in the proportion of fixed assets, the escalation of rent-seeking costs, and the suppression of R&D expenditures. In the heterogeneity analysis, we discover that the SPREC has a more obvious inhibitive role in GTI of companies that are state-owned, located in the mid-western area, or under a lower degree of marketization. However, it shows a considerable promotion impact on the GTI of companies that are under a higher level of marketization. This study enhances our comprehension of SPREC's impacts and offers empirical evidence advocating for the advancement of green and sustainable development in resource-exhausted cities.