Table 1.

Variable description.

Variable	Statistic	Variable Type
Number of green innovations	Lnpat	Explained variables
Green Innovation Quality	Lnino	Explained variables
Policy	Gfinance	Explanatory variables
Gearing ratio	Lev	Control variables
Return on net assets	Roa	Control variables
Business size	Size	Control variables
Tobin’s Q	Q	Control variables
Concentration of shareholding	Cr	Control variables
Cash flow from operating activities	Cash	Control variables
Age of business	Age	Control variables
GDP per capita	Lgdp	Control variables
Total population	Lpeo	Control variables