Research on the Driving Effect of Green Bond Issuance on Corporate Green Technology Innovation

DOI

10.2991/978-94-6239-701-9_73How to use a DOI?

Keywords

Green Bonds; Financing Constraints; Green Technology Innovation

Abstract

Under the “Dual Carbon” goals, green technology innovation is crucial for corporate green transformation, yet its high investment and long cycles create financing constraints. Green bonds, as a key direct financing instrument in the green financial system, have unique institutional advantages. Using data of Chinese A-share listed firms from 2010 to 2023, this paper treats green bond issuance as a quasi-natural experiment and employs a staggered difference-in-differences model to examine its impact on green technology innovation and mechanisms. Findings show that green bond issuance significantly enhances corporate green innovation, robust to various tests. The effect operates through mitigating financing constraints and transmitting positive reputational signals. The driving effect is stronger in private firms, high-tech industries, and regions with stringent environmental regulations. The study provides empirical evidence for optimizing green finance policies.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Genze Ren
PY  - 2026
DA  - 2026/07/30
TI  - Research on the Driving Effect of Green Bond Issuance on Corporate Green Technology Innovation
BT  - Proceedings of the 2026 11th International Conference on Social Sciences and Economic Development (ICSSED 2026)
PB  - Atlantis Press
SP  - 710
EP  - 717
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-701-9_73
DO  - 10.2991/978-94-6239-701-9_73
ID  - Ren2026
ER  -