CONFUCIAN CULTURE AND CORPORATE GREEN TECHNOLOGICAL INNOVATION: AN EMPIRICAL TEST FROM THE PERSPECTIVE OF INFORMAL INSTITUTIONS
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The rapid growth of China's economy often comes at the cost of damaging the ecological environment. To effectively solve the problem of environmental deterioration, we must rely on technological progress, especially innovation-oriented green technology. Based on the sample of A-share listed companies in Shenzhen and Shanghai from 2008 to 2022, this study manually collected and sorted Confucianism data, and empirically tested the impact of Confucianism on corporate green technology innovation from the perspective of informal institutions. The results show that Confucianism significantly affects corporate green technology innovation. The greater the degree to which a company is affected by Confucianism, the higher its green technology innovation level. This article enriches the research on the influencing factors of corporate green technology innovation, supplements the literature on the economic consequences of Confucianism, and also provides strong support for promoting China's excellent traditional culture.
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