{"title":"The positive effects of green technology investments on growth expectations","authors":"Andras Takacs","doi":"10.1016/j.techsoc.2023.102407","DOIUrl":null,"url":null,"abstract":"<div><p>This study presents evidence that investments in green technology and corporate environmental policies, or in other words, a move towards cleaner production, increase investors' growth expectations, resulting in a rise in firms' stock market value. Additionally, the study statistically demonstrates that the positive correlation between cleaner production and growth expectations strengthened during the latter half of the 2010s. The author employs the reverse discounted cash flow method as a novel technique to define the response variable for cleaner production. The study's outcomes carry crucial policy implications since well-targeted measures can amplify the favorable financial effects of green technology investments on regional, industry, or national economy levels.</p></div>","PeriodicalId":47979,"journal":{"name":"Technology in Society","volume":"75 ","pages":"Article 102407"},"PeriodicalIF":10.1000,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0160791X23002129/pdfft?md5=86b306acc77b5848ecc7eb7a22458728&pid=1-s2.0-S0160791X23002129-main.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Technology in Society","FirstCategoryId":"90","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0160791X23002129","RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"SOCIAL ISSUES","Score":null,"Total":0}
引用次数: 0
Abstract
This study presents evidence that investments in green technology and corporate environmental policies, or in other words, a move towards cleaner production, increase investors' growth expectations, resulting in a rise in firms' stock market value. Additionally, the study statistically demonstrates that the positive correlation between cleaner production and growth expectations strengthened during the latter half of the 2010s. The author employs the reverse discounted cash flow method as a novel technique to define the response variable for cleaner production. The study's outcomes carry crucial policy implications since well-targeted measures can amplify the favorable financial effects of green technology investments on regional, industry, or national economy levels.
期刊介绍：
Technology in Society is a global journal dedicated to fostering discourse at the crossroads of technological change and the social, economic, business, and philosophical transformation of our world. The journal aims to provide scholarly contributions that empower decision-makers to thoughtfully and intentionally navigate the decisions shaping this dynamic landscape. A common thread across these fields is the role of technology in society, influencing economic, political, and cultural dynamics. Scholarly work in Technology in Society delves into the social forces shaping technological decisions and the societal choices regarding technology use. This encompasses scholarly and theoretical approaches (history and philosophy of science and technology, technology forecasting, economic growth, and policy, ethics), applied approaches (business innovation, technology management, legal and engineering), and developmental perspectives (technology transfer, technology assessment, and economic development). Detailed information about the journal's aims and scope on specific topics can be found in Technology in Society Briefings, accessible via our Special Issues and Article Collections.
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