ORIGINAL RESEARCH
Green Talent Policy and Green Innovation:
Evidence from China
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1
School of Accounting, Yunnan University of Finance and Economics, Kunming, 650221, China
2
Finance and Economics College, Jimei University, Xiamen, 361021, China
Submission date: 2024-05-28
Final revision date: 2024-11-29
Acceptance date: 2024-12-16
Online publication date: 2025-03-17
Corresponding author
Wentao Zhu
Finance and Economics College, Jimei University, Xiamen, 361021, China
KEYWORDS
TOPICS
ABSTRACT
Taking the green talent policy successively promulgated by Chinese cities as a quasi-natural
experiment, this paper investigates whether and how green talent policy affects corporate green
innovation. Using a sample of Chinese A-share listed firms from 2007 to 2021 and hand-collected
green talent policy data, our findings reveal that green talent policy significantly enhances the quantity
and quality of green innovation. Additional analyses indicate that enhanced green human capital and
alleviated financing constraints are two potential mechanisms through which green talent policy plays
a role. Furthermore, our results support the notion that the green talent policy would bring resources
to enterprises. This paper finds that the positive relationship between green talent policy and green
innovation is more pronounced in firms with limited human capital and in less developed green credit
regions. However, this positive correlation is not apparent for firms in less market-oriented regions due
to inadequate intellectual property protection. Overall, these results indicate that green talent policy is
a significant factor in promoting corporate green innovation. Our findings contribute to the evaluation
of the effectiveness of green talent policy implementation and provide policy implications for improving
green innovation in emerging markets.