We examine the impact of economic policy uncertainty on innovation using cross-country industry data and how country institutions moderate this relationship. Our findings show that economic policy uncertainty impedes innovation output and quality. Our study uncovers three economic mechanisms...

Exploiting the staggered adoption of corporate social responsibility (CSR) disclosure laws as a quasi-natural experiment and the difference in difference(DID) approach, we find that firms in countries that adopted CSR disclosure laws increased their green innovation output and quality relative...

As the second-largest economy in the world with both high-energy consumption and high carbon emission, China has launched several green finance pilot zones (GFPZ) targeting regional sustainable development goals (SDGs). Despite critical policy significance, whether and how green finance affects...

We analyze the real effects of the environmental regulation on technological innovation using a sample of Chinese firms. We leverage the Air Pollution Prevention Policy as a quasi-natural experiment that is plausibly exogenous to the firms’ innovation policy and use the difference in...

In this paper, we investigate whether and how environmental justice influences climate mitigation and adaptation technologies. We exploit the staggered establishment of environmental courts in China as a quasi-natural experiment that strengthened environmental justice and authoritative...