The Impact of Multi-Goal Constraints of Government on Corporate Green Technology Innovation

This study mainly investigates the impact of government multiple-goal constraint on green technology innovation by utilizing data for 4, 822 enterprises from 2008 to 2021. The panel estimations support the positive impact of government constraint on green technology innovation which the government prefer environmental goal. Moreover, the mechanism of the industry policy has been investigated. The government prefer subsidy tools to support green innovation than tax deduction. The results reveal that the central government should improve the appraisal system of officials and the local governments should adjust the investment structure.