Research on the impact of green innovation on stock returns of listed companies
DOI:
https://doi.org/10.54097/0kxk4v10Keywords:
Green innovation, Stock income, Listed company.Abstract
This study examines all listed companies over the past decade, using green patent grants as a proxy for corporate green innovation and annual stock returns with reinvested cash dividends as a measure of stock performance. The empirical analysis demonstrates that green innovation initiatives are recognized by market participants and generate higher stock returns. The positive correlation between green innovation and corporate stock performance indicates that such practices can achieve a win-win outcome in both economic and social benefits.
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