Safiullah, Safi; Phan, Dinh Hoang Bach; Kabir, Md. Nurul - 2022
We investigate the impact of green innovation on default risk for the period 2003–2020. Using 15,015 firm-year observations from 2,301 unique U.S. firms and a firm-fixed effects regression model, we find that firms with higher green innovation experience lower default risk as measured by the...