Lai Yuan, Sohail Muhammad Tayyab
Faculty of Law, Macau University of Science and Technology, Taipa, Macao SAR, China.
School of Public Administration, Xiangtan University, Xiangtan, China.
Front Psychol. 2022 Jul 19;13:961122. doi: 10.3389/fpsyg.2022.961122. eCollection 2022.
Green investment (GI) and innovation performance are key factors of sustainable green development. GI and innovation have become a trendy solution to minimize environmental issues in the previous few decades. We investigate the effects of corporate governance, environmental law, and environmental policy stringency on GI and environmental innovation (EI) using Chinese time-series data from 1998 to 2020. Short and long-run findings indicate that corporate governance has a positive and significant impact on GI and innovation in China. However, environmental law has positive and significant effects on GI and innovation in the short run and long run. Furthermore, environmental policy stringency has an insignificant impact on GI but stimulates green innovation both in the short and long run. The study also reveals that education has a significant positive impact on green innovation both in the short and long-run. The short and long-run results propose essential policy implications.
绿色投资（GI）和创新绩效是可持续绿色发展的关键因素。在过去几十年里，绿色投资和创新已成为将环境问题降至最低的流行解决方案。我们使用1998年至2020年的中国时间序列数据，研究公司治理、环境法和环境政策严格程度对绿色投资和环境创新（EI）的影响。短期和长期研究结果表明，公司治理对中国的绿色投资和创新具有积极且显著的影响。然而，环境法在短期和长期内对绿色投资和创新均具有积极且显著的影响。此外，环境政策严格程度对绿色投资的影响不显著，但在短期和长期内均能刺激绿色创新。该研究还表明，教育在短期和长期内对绿色创新均具有显著的积极影响。短期和长期研究结果提出了重要的政策启示。
