Driving the Green Transformation of Enterprises: The Role of Patent Insurance

IF 2.5 3区经济学 Q2 ECONOMICS

Managerial and Decision Economics Pub Date : 2024-11-21 DOI:10.1002/mde.4439

Junhao Zhong, Zhenzhen Wang, Yunfeng Deng

引用次数: 0

Abstract

We verified the effect of patent insurance policy implementation on corporate green transformation, using a dataset of Chinese-listed companies from 2007 to 2019. Using double/debiased machine learning and text analysis, we found that the pilot policy of patent insurance has a significant positive impact on the green transformation of enterprises. This effect is significant in heavily polluting industries, eastern regions, state-owned enterprises, and companies in a growth stage. The patent insurance pilot policy promotes corporate green transformation by alleviating financing constraints, reducing operational risks, and increasing green output.

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我们利用2007年至2019年的中国上市公司数据集，验证了专利保险政策实施对企业绿色转型的影响。通过双重/偏差机器学习和文本分析，我们发现专利保险试点政策对企业绿色转型有显著的积极影响。这种影响在重污染行业、东部地区、国有企业和处于成长期的企业中非常明显。专利保险试点政策通过缓解融资约束、降低运营风险和增加绿色产出，促进了企业的绿色转型。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Managerial and Decision Economics Multiple-

CiteScore

1.40

自引率

18.20%

发文量

242

期刊介绍： Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.