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| The Impact of Cancelling of the “One-Vote Veto” System for Environmental Protection on Green Innovation |
| YANG Licheng，LIU Chunlin，TIAN Ling |
| 1.Nanjing University, Nanjing, China； 2.Guizhou University， Guiyang， China) |
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Abstract Using the difference in difference(DID) model, this study empirically evaluates the impact of the cancellation of the “one-vote veto” evaluation system for environmental protection in 2016 on green innovation of regional firms. It is discovered that cancelling the “one-vote veto” system can promote green innovation of enterprises. This study also reveals that the firms in the earlier “just-up-to-standard” regions are more affected by the incentive effect of green innovation brought on by the cancellation of this assessment system. According to the findings of an extension study of institutional response motivation, the proportion of state-owned assets and the level of marketization can respectively have a moderating effect in the impact of cancelling the “one-vote veto” system of environmental protection on firm’s green innovation.
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Received: 15 November 2022
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