The Roles of Anti-Monopoly on Green Innovation: Evidence from the Chinese Manufacturing Industry

Abstract

This research investigates the impact of anti-monopoly law on green innovation by analyzing data on 2539 manufacturing listed firms in China from 2003–2020. The empirical findings first show that implementation of the anti-monopoly law has a significant inhibitory effect on green technology innovation. Second, the inhibitory effect of the anti-monopoly law on green innovation mainly exists in state-owned monopolies and regions with a higher degree of marketization. Finally, the anti-monopoly law affects the green technological innovation of monopolies mainly by reducing monopoly power, strengthening financing constraints, and increasing business risks. The findings herein provide a valuable empirical basis for policymaking bureaus to improve anti-monopoly laws.