Environmental Tax, SME Financing Constraint and Innovation. Evidence from OECD Countries

Autor:	Samuel Salia, Yahaya Alhassan, Ishmael Tingbani, Javed G. Hussain
Jazyk:	angličtina
Rok vydání:	2021
Předmět:	Finance Governance business.industry Strategy and Management Corporate governance Environmental Tax Green innovation Green-Innovation Environmental tax Oecd countries SME Financial Constraints Electrical and Electronic Engineering business Practical implications Constraint (mathematics) Panel data
Popis:	The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link. This paper examines the impact of environmental tax on SME innovation and how SME financing constraint moderates this relationship. Given the paucity of research on the implications of financing constraints on SMEs’ green innovative activities, the study adopts cross-country panel data to investigate the impact of environmental tax on SME’s innovative activities across 24 OECD countries for the period 2000-2019. Results from our study indicate that an increase in environmental tax leads to a decrease in SME innovation. Further, we also find that financing constraint positively moderates the relationship between environmental tax and SME innovation. Our findings shed new light on the theoretical and practical implications of financing constraints on SMEs’ green innovative activities.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::51f205da324a67cf516d5ea58a5a6fe0 https://dora.dmu.ac.uk/handle/2086/21239 Zobrazit plný text záznamu