Substantive green innovation or symbolic green innovation? The impact of ER on enterprise green innovation based on the dual moderating effects

Based on the existing research on environmental regulation (ER) and enterprise innovation, this paper separates green innovation ability from general technological innovation and divides it, from the perspective of motivation, into substantive green innovation (SUBGI) and symbolic green innovation (SYMGI). This paper employs panel data of China's A-share listed enterprise from 2008 to 2018 in a difference-in-difference-in-difference model to construct a quasinatural experiment on the impacts of ER and the green innovation strategy of enterprises. Government subsidies and regulatory capture are used to explore the mechanism between ER and innovation behavior. The results show that ER has a significantly…

• ZG
  Zhejiang Gongshang University