Researchers at University of International Business and Economics Release New Study Findings on Environmental Science (Does environmental pollution liability insurance affect corporate green innovation? New evidence from China): Environment – Environmental Science

2023 DEC 06 (NewsRx) -- By a News Reporter-Staff News Editor at Ecology Daily News -- New research on environmental science is the subject of a new report. According to news originating from Beijing, People’s Republic of China, by NewsRx correspondents, research stated, “The effect of the development of green finance (GF) on the green transformation of corporations has been a key research issue in recent years.”

Funders for this research include University of International Business And Economics.

Our news correspondents obtained a quote from the research from University of International Business and Economics: “This study is based on a list of companies insured under the environmental pollution liability insurance (EPI) announced by the Ministry of Ecology and Environment (formerly the Ministry of Environmental Protection) in 2014 and 2015. Considering A-share listed companies in China as research samples and using the DID model, we investigate the impact of EPI on corporate green innovation (CGI). The results show that EPL can significantly promote the green innovation level of insured corporations, mainly reflected in two aspects of green invention patents and green utility model patents; this positive effect is more obvious in non-state-owned, heavily polluting, and patent-intensive corporations. These results hold after the robustness test. The mechanism analysis reveals that EPL promotes corporate green innovation by alleviating corporate financing constraints.”

According to the news reporters, the research concluded: “This study provides new evidence for the role of GF in promoting green innovation and transformation in China.”

For more information on this research see: Does environmental pollution liability insurance affect corporate green innovation? New evidence from China. Environmental Challenges, 2023,13():100788. The publisher for Environmental Challenges is Elsevier.

A free version of this journal article is available at https://doi.org/10.1016/j.envc.2023.100788.

Our news editors report that more information may be obtained by contacting Xiaogang Wang, Corresponding author at: School of Insurance and Economics, University of International Business and Economics, Beijing, People’s Republic of China. Additional authors for this research include Yuantao Xie, Yu Chen, Yue Zhang.

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