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March 3, 2026Finance research letters0 citations

Can commercial paper exchange promote corporate green innovation? Quasi-natural experimental evidence from China

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PLPeide LaiSXShuaiqi Xu

Key Points

  • Commercial paper exchange significantly boosts corporate green innovation, enhancing sustainability efforts.
  • A 25% increase in green patents relates to active participation in commercial paper markets within China.
  • Quasi-natural experimental design analyzed corporate behavior shifts related to green innovation initiatives.
  • Findings may call for enhanced financial mechanisms to support ecological advancements across industries.
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Cite This Study

Lai et al. (2026) studied this question.

synapsesocial.com/papers/69a767dfbadf0bb9e87e2b25https://doi.org/10.1016/j.frl.2026.109617
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