Tian-Yi Ge

Does Green Innovation Alleviate or Aggravate Financing Constraints? — Uncovering a Nonlinear Threshold Effect: Evidence from Chinese Listed Firms

Green innovation has been a highly debated topic, which is increasingly important for market entities, especially firms and policy makers. Nevertheless, the advancement of green innovation is constrained by its inherent characteristics: high upfront investment, long payback periods, and substantial risks. This paper se...