绿色转型与科技公司财务绩效：来自专利数据的洞察

IF 5.5 2区经济学 Q1 BUSINESS, FINANCE

Global Finance Journal Pub Date : 2025-04-09 DOI:10.1016/j.gfj.2025.101112

Selahattin Murat Sirin

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引用次数: 0

摘要

绿色和数字化转型（双转型）正在重塑全球商业环境，但探索绿色-数字化联系的金融影响的学术研究仍然有限。本文探讨了绿色数字联系中一个关键机制的金融影响，即通过知识创造和溢出的技术联系。本研究通过2010年至2022年的专利数据进行量化，利用面板数据回归模型进行投资组合和公司层面分析，研究了科技公司的财务绩效如何受到知识创造和绿色（与清洁能源相关的技术）和棕色（与化石燃料相关的技术）领域溢出效应的影响。研究结果表明，与文献中总体水平研究的结果相反，财务联系并非直截了当。虽然知识创造的企业层面异质性确实会影响回报，但没有确凿证据表明知识溢出会影响财务绩效。

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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The green transition and tech firms' financial performance: Insights from patent data

The green and digital transitions (twin transitions) are reshaping the global business environment, yet academic research exploring the financial implications of the green-digital nexus remains limited. This paper explores the financial implications of a key mechanism within the green-digital nexus, technological connectedness through knowledge creation and spillovers. Quantified through patent data between 2010 and 2022, this study examines how tech firms' financial performance is affected by knowledge creation and spillovers to green (technologies related to clean energy) and brown (technologies related to fossil fuels) domains using portfolio- and firm-level analyses with panel data regression models. The results indicate that financial connectedness is not straightforward, contrary to findings from aggregate level studies in the literature. While firm-level heterogeneity in knowledge creation does affect returns, there is no conclusive evidence that knowledge spillovers affect financial performance.

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来源期刊

Global Finance Journal BUSINESS, FINANCE-

CiteScore

7.30

自引率

13.50%

发文量

106

审稿时长

53 days

期刊介绍： Global Finance Journal provides a forum for the exchange of ideas and techniques among academicians and practitioners and, thereby, advances applied research in global financial management. Global Finance Journal publishes original, creative, scholarly research that integrates theory and practice and addresses a readership in both business and academia. Articles reflecting pragmatic research are sought in areas such as financial management, investment, banking and financial services, accounting, and taxation. Global Finance Journal welcomes contributions from scholars in both the business and academic community and encourages collaborative research from this broad base worldwide.