Influence of Population Concentration in Urban Agglomeration on Corporate Green Innovation

Abstract

Green innovation is considered to be able to coordinate economic development with ecological environment improvement. Scholars are increasingly focusing on the factors influencing corporate green innovation capability. The analysis is based on the panel data econometric model with fixed effects to examine the relationship between population concentration in urban agglomeration and corporate green innovation. By analyzing company-level data of Chinese A-share listed companies from 2009 to 2019, it was discovered that: (i) Population concentration in urban agglomerations has a significant positive impact on corporate green innovation in the domain. (ii) This relation is stronger for firms in central and western regions, low marketization regions and small cities. (iii) This relation is stronger for small and medium-sized and state-owned enterprises. The finding will provide new insights into the relationship between population concentration in urban agglomeration and corporate green innovation in the domain, which will provide empirical evidence for exploring new urbanization in China.