ORIGINAL RESEARCH
Green Innovation Effect of Public Resource
Trading Centers: An Empirical Study Based
on China's A-share Listed Companies
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1
School of Economics, Jinan University, Guangzhou, China
2
Corresponding Author School of Economics, Management and Law, University of South China, Hengyang, China
Submission date: 2023-07-28
Final revision date: 2023-08-29
Acceptance date: 2023-08-30
Online publication date: 2023-11-14
Publication date: 2023-12-19
Corresponding author
Xiaofang Jia
School of Economics, Management and Law, University of South China, Hengyang, China
Pol. J. Environ. Stud. 2024;33(1):253-269
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ABSTRACT
Green innovation is not only a significant source of sustainable enterprise development, but it is also
critical to China’s aim of carbon peak and carbon neutrality. Under the current context of informatization
and resource-based development, whether the public resource trading center, as a highly standardized
and unified public resource trading platform, can assist firms in improving their green innovation level
merits further investigation. The policy of public resource trading centers is used as a quasi-natural
experiment in this article, and empirical research is conducted using data from China’s A-share listed
companies from 2008 to 2021. The study found that the establishment of public resource trading centers
can considerably enhance enterprise green innovation, and this conclusion holds up after a series of
robustness tests. It is worth noting that green invention patents typically have a stronger promotion
effect than green utility model patents. Meanwhile, the establishment of public resource trading centers
has a stronger influence on green innovation incentives for state-owned enterprises, small and mediumsized
enterprises, and enterprises in high-polluting industries, according to the heterogeneity study.
Furthermore, the establishment of public resource trading centers promotes green enterprise innovation
through improving normalization and standardization of public resource trading and strengthening the
responsibility of regional environmental supervision and management.