The market value of green innovation: A comparative analysis of global renewable energy firms

Xin Lv; Tianyu Liu; Weijia Dong; Wenjun Su

doi:10.1016/j.frl.2022.103490

The market value of green innovation: A comparative analysis of global renewable energy firms

Xin Lv, Tianyu Liu, Weijia Dong^*, Wenjun Su

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

12 Citations (Scopus)

Abstract

This paper conducts an overall, cross-country comparative study on the issue of market value of green innovations. First, we find that green patents and their citations have smaller or insignificant impacts on the market value of renewable energy firms. Second, the positive impacts of R&D investment and patent count on the market value in Europe and China are higher than those in the United States.

Original language	English
Article number	103490
Journal	Finance Research Letters
Volume	51
DOIs	https://doi.org/10.1016/j.frl.2022.103490
Publication status	Published - Jan 2023

Keywords

Green innovation
Market value
Renewable energy firms

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.frl.2022.103490

Cite this

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abstract = "This paper conducts an overall, cross-country comparative study on the issue of market value of green innovations. First, we find that green patents and their citations have smaller or insignificant impacts on the market value of renewable energy firms. Second, the positive impacts of R&D investment and patent count on the market value in Europe and China are higher than those in the United States.",

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AB - This paper conducts an overall, cross-country comparative study on the issue of market value of green innovations. First, we find that green patents and their citations have smaller or insignificant impacts on the market value of renewable energy firms. Second, the positive impacts of R&D investment and patent count on the market value in Europe and China are higher than those in the United States.

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KW - Renewable energy firms

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The market value of green innovation: A comparative analysis of global renewable energy firms

Abstract

Keywords

UN SDGs

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