4,102 results on '"green innovation"'
Search Results
2. Exploring the Impact of Pressures and Moderating Role of Top Management’s Environmental Awareness on Corporate Green Innovation: A Case Study of China-Based MNC
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Tee, Mcxin, Tu, Linlin, Wang, Annie, Chaw, Lee Yen, Lu, Liangyan, Fernandez, Reynold Tom Tom, Kacprzyk, Janusz, Series Editor, Novikov, Dmitry A., Editorial Board Member, Shi, Peng, Editorial Board Member, Cao, Jinde, Editorial Board Member, Polycarpou, Marios, Editorial Board Member, Pedrycz, Witold, Editorial Board Member, Alareeni, Bahaaeddin, editor, and Elgedawy, Islam, editor
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- 2025
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3. Studying the role of corporate social responsibility, green HRM and green innovation to improve green performance of SMEs
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Azam, Tamoor and Jamil, Khalid
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- 2024
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4. Are environmental sustainability thoughts a panacea for environmental performance? Social innovation and moderating role of green innovation
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Khattak, Amira
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- 2024
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5. Empirical analysis of ESG-driven green innovation: the moderating role of innovation orientation
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Mukhtar, Bilal, Shad, Muhammad Kashif, Lai, Fong-Woon, and Waqas, Ahmad
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- 2024
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6. The role of green innovation in the relationship between green HRM practices and sustainable business performance; evidence from the mining industry
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Suleman, Abdul-Razak, Kyei-Frimpong, Michael, and Akwetey-Siaw, Bridget
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- 2024
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7. Corporate strategic positioning and environmental information disclosure under circular economy: evidence from China
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Gu, Yiyang, Wu, Peng, and Du, Ruixue
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- 2024
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8. Research on the green innovation promoted by environmental vertical management reform: evidence from green patents of Chinese listed companies.
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Ren, Haizhi, Li, Mingyao, Liu, Yichen, and Tang, Dapeng
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ENVIRONMENTAL management ,AGENCY theory ,ENVIRONMENTAL protection ,ENVIRONMENTAL regulations ,CHINESE corporations - Abstract
The environmental vertical management reform (EVMR) below the provincial level in China is an important driving force for enterprise green innovation. This article employs a progressive double-difference method to test the green innovation performance of enterprises in pilot areas relative to non-pilot areas before and after the implementation of the reform, to analyse its impact on green innovation. The findings of the article indicate that: (1) EVMR can significantly promote enterprise green innovation. This conclusion still holds after controlling for endogeneity and conducting other robustness tests. (2) In terms of the mechanism, EVMR primarily promotes green innovation by improving the supervisory capacity of provincial-level environmental protection departments, the enforcement capacity of grassroots environmental protection departments, and the incentives and supervision for managers from shareholders in enterprises. (3) Heterogeneity results show that the EVMR has a more significant promoting effect on enterprise green innovation in regions with lower degree of marketization and less emphasis on the environment. [ABSTRACT FROM AUTHOR]
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- 2024
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9. The carbon emission reduction effect and mechanism analysis of digital economy: Evidence of prefecture-level cities in China.
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Wang, Zhihao and Zhang, Ziyan
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FIXED effects model ,SUSTAINABLE urban development ,HIGH technology industries ,CARBON emissions ,ENERGY levels (Quantum mechanics) - Abstract
This study investigates the impact and mechanisms of carbon emission reduction associated with digital economy development, utilizing data from 265 prefecture-level cities in China during the period of 2003 to 2019. The comprehensive index of digital economy development at the prefecture level is evaluated using the entropy method, followed by empirical analysis employing the dual fixed effect model. The findings confirm a significant improvement in urban carbon emission reduction resulting from the digital economy. Mechanism analysis reveals that the digital economy enhances the carbon emission reduction effect in cities by promoting urban green innovation and reducing energy consumption intensity. Additionally, heterogeneity analysis demonstrates that the carbon reduction effect of digital economy development is influenced by factors such as city location, population size, and development type. By shedding light on the relationship between the digital economy and carbon emission reduction, this study offers valuable insights into the mechanisms through which the digital economy contributes to sustainable urban development. [ABSTRACT FROM AUTHOR]
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- 2024
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10. Unravelling complexities: a study on geopolitical dynamics, economic complexity, R&D impact on green innovation in China.
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Sun, Aihui, Işık, Cem, Razi, Ummara, Xu, Hui, Yan, Jiale, and Gu, Xiao
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SUSTAINABLE investing , *SUSTAINABILITY , *RENEWABLE natural resources , *SUSTAINABLE development , *ECONOMIC impact , *ENVIRONMENTAL risk - Abstract
Green innovation is essential in achieving sustainable development goals of enhancing resource efficiency, reducing environmental impact, and promoting renewable resource consumption. Identifying the factors that promote green innovation is necessary to capitalise on the benefits of green innovation. The literature has overlooked the economic and geopolitical factors influencing sustainable technological development. Limited studies have analysed the multifaced drivers of green innovations. Therefore, this study fills the gap by exploring the impact of geopolitical risk, economic complexity, and R&D expenditures on green innovation in China from 1995 to 2022. The study employed the "bootstrapping autoregressive distributed lag" (BARDL) method and examined the long-term cointegration. Diagnostic tests confirm that the data series are normally distributed, and unit root tests establish an integration order of I(1). Outcomes of the BARDL approach indicate that increases in economic complexity, R&D expenditures and economic growth significantly enhance the green innovation initiatives. Conversely, rising geopolitical risk deters steady investment in green innovation in the short and long run. The results highlight that while economic complexity and R&D expenditures have greater capabilities and resources to support innovative activities, geopolitical risk acts as a mitigator and diverts focus and resources away from long-term environmental sustainability projects; therefore, effective policy measures focusing on these variables can increase investments in green innovations. [ABSTRACT FROM AUTHOR]
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- 2024
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11. Non-Linear Effects of Economic Policy Uncertainty on Green Innovation: Evidence from BRICS Countries.
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Farooq, Umar, Alam, Mohammad Mahtab, Subhani, Bilal Haider, Tabash, Mosab I., and Shamansurova, Zilola
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This research investigates the influence of economic policy uncertainty (EPU) and its squared term (squared EPU) on the advancement of environmental technologies and the registration of environmental patents in the BRICS nations over the period from 2010 to 2022. Employing the cross-section autoregressive distributed lag (CS-ARDL) technique, the analysis reveals a significant negative relationship liaison between EPU and both environmental innovation and patent registrations, indicating that an increased uncertainty discourages investment in sustainable technologies. Conversely, a positive relationship was found with square EPU, suggesting that elevated levels of uncertainty may stimulate innovative responses as firms seek to differentiate themselves in a competitive market. These findings underscore the necessity for stable and transparent policy frameworks to foster long-term commitments to environmental innovation. This research enriches the literature by illustrating the dual nature of EPU and its differentiated effects on eco-innovation. [ABSTRACT FROM AUTHOR]
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- 2024
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12. Female CEOs and Green Innovation: Evidence from Asian Firms.
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Mansour, Marwan, Shubita, Mohammad Fawzi, Lutfi, Abdalwali, Saleh, Mohammed W. A., and Saad, Mohamed
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This study aims to examine how female CEOs influence green innovation and whether firm size moderates this connection. Our paper focuses on CEOs, who are considered the strategic leaders of corporations, because of their crucial role in making important decisions. This research paper examines how female CEOs influence green innovation (GI) in the Asian industrial sector. The primary goal is to address these research questions: Do Asian industrial firms with female and male CEOs differ in their GI efforts? Is there a positive moderating influence of Asian industrial enterprises' size on the nexus between women in CEO positions and eco-innovation? Based on our research questions, firm size is likely a determining factor in the GI of female CEOs. This research employs rigorous econometric modeling to analyze a substantial dataset of listed Asian industrial companies from 2013 to 2022. We have found a significant positive correlation between female CEOs and GI in Asian industrial firms. It has been proven that female CEOs in the industrial sector are more inclined to promote environmentally friendly practices. Furthermore, the size of an industrial firm amplifies the beneficial influence of a female CEO on the firm's chances of engaging in GI initiatives. Regarding the moderating effect of size, the size of companies significantly magnifies the impact of female CEOs on GI. The effectiveness of female CEOs on environmentally friendly practices is more prominent in large corporations than in smaller ones. Our outcomes remain robust with respect to endogeneity issues using two-step GMM estimators. This study proposes that stakeholders, particularly in Asian countries, should promote the increased representation of females in CEO roles, particularly within large corporations. This is because women-led companies demonstrate superior performance in GI endeavors. Hence, regulators must establish policies that facilitate the participation of women in CEO positions within large-scale enterprises. These policies may strengthen the private sector's capacity to foster sustainable innovation. [ABSTRACT FROM AUTHOR]
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- 2024
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13. Exploring the Association Between Artificial Intelligence Management and Green Innovation: Expanding the Research Field for Sustainable Outcomes.
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Du, Jiaxing, Cai, Han, and Jin, Xiu
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Green innovation is essential for achieving sustainable development goals (SDGs), particularly SDG 9 (Industry, Innovation, and Infrastructure) and SDG 12 (Responsible Consumption and Production), as it fosters environmental and social benefits while also creating new economic opportunities. Despite previous studies actively conducting empirical analyses on green innovation, research on guiding the green innovation process through artificial intelligence remains scarce. This study aims to explore key variables that affect green innovation, thereby promoting the sustainable development of organizations, and to investigate the incentive mechanisms behind it. By uncovering the internal and external factors that drive green innovation and their interactions, we can better understand and optimize the process of fostering green innovation. Unlike previous studies, this research not only explores variables and verifies main effects but also provides and validates a research model related to the occurrence of green innovation. Additionally, this study determines the extent to which artificial intelligence management influences green innovation through knowledge sharing and examines whether an innovative culture moderates the impact of artificial intelligence management and knowledge sharing on green innovation, as well as whether it moderates the mediating effect of knowledge sharing within the model. Therefore, this study collected data from 331 adult employees of SMEs across 23 provinces, cities, and districts in China and conducted empirical analyses, including confirmatory factor analysis (CFA) and reliability analysis. The results indicate that artificial intelligence management directly affects green innovation and indirectly affects it through the partial mediating role of knowledge sharing. Furthermore, an innovative culture significantly moderates the mediating role of knowledge sharing between artificial intelligence management and green innovation. In exploring the variables of green innovation, this study established an adjusted mediating model and verified its significance. In summary, the causal relationship between artificial intelligence management and green innovation, as demonstrated through this process, contributes to the expansion of the research field and the advancement of SDGs, specifically Goals 9 and 12. The study's findings highlight the importance of integrating artificial intelligence management to enhance green innovation, which is vital for the sustainable development and economic growth outlined in the SDGs. [ABSTRACT FROM AUTHOR]
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- 2024
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14. Artificial Intelligence and Enterprise Green Innovation: Intrinsic Mechanisms and Heterogeneous Effects.
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Li, Dongwei, Xiao, Jing, and Yang, Fangfang
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Enterprise green innovation (EGI) has become an essential measure for manufacturing enterprises to achieve sustainable development, and the application of artificial intelligence (AI) may become a new driving solution. This study empirically analyzes the impact and internal transmission mechanism of AI on EGI of Chinese manufacturing listed enterprises from 2010 to 2022. Research has found that (1) AI significantly impacts EGI, and this basic conclusion has passed various endogeneity and robustness tests. (2) The mechanism test results indicate that enterprise technological capability, innovation investment, and executives' environmental awareness significantly mediate between AI and EGI. (3) Heterogeneity analysis shows that the significant positive impact of AI on EGI is only established in enterprises with overseas backgrounds, large-scale, highly competitive regional markets, and low-carbon pilot cities. The above conclusions have contributed essentially to the literature on EGI and AI. [ABSTRACT FROM AUTHOR]
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- 2024
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15. 绿色金融、绿色创新对中部地区经济高质量发展的影响研究.
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赵天宇
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Copyright of Resources Development & Market is the property of Sichuan Resource Development & Market Magazine Co., Ltd and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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- 2024
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16. How green entrepreneurial orientation leads to business success? A resource base and resource dependency perspectives.
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Qin, Chengbin, Ailikamujiang, Aimaitijiang, and Jing, Tao
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This study investigates the impact of green entrepreneurial orientation (GEO) on firm performance through green innovation and green entrepreneurship image with the moderating influence of green value co‐creation. In recent years, the incorporation of sustainability and entrepreneurship into company plans has gained significance, and understanding the processes through which these aspects effect firm outcomes is critical. This study employed survey methodology to collect data from the Chinese manufacturing firms. The analysis was done on 383 finalized responses through SPSS and AMOS. The findings show that GEO has a positive impact on firm performance through green innovation and green entrepreneurship image. Furthermore, green value co‐creation moderates the relationship between GEO and green innovation, suggesting the importance of external stakeholders in facilitating the firm GEO. This study emphasizes the multidimensional nature of the link between GEO and firm performance, emphasizing the significance of taking both mediating and moderating factors into account. It adds to the growing body of knowledge on sustainability, entrepreneurship, and corporate success by offering a comprehensive framework that captures the subtle interplay of these elements. The findings have implications for firms looking to capitalize on the benefits of GEO and green innovation while also acknowledging the need of collaborative value co‐creation in gaining long‐term competitive advantage. [ABSTRACT FROM AUTHOR]
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- 2024
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17. How do firms develop and financially benefit from green product innovation in a developing country? Roles of innovation orientation and green marketing innovation.
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Appiah, Listowel Owusu and Essuman, Dominic
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While previous research has explored the antecedents and outcomes of green product innovation, empirical evidence remains inconclusive. This study draws on the contingent natural resource–based view to conceptualize how innovation orientation enables firms to develop green product innovation to enhance financial performance, especially where they emphasize green marketing innovation. The study tests its hypotheses using primary survey data from 347 small and medium enterprises (SMEs) in Ghana and PROCESS as an analytical tool. The results suggest that innovation orientation has a positive relationship with green product innovation and that green product innovation mediates the relationship between innovation orientation and financial performance. Additional results indicate that green product innovation contributes more to financial performance under increasing levels of green marketing innovation. The article sheds new light on how firms can combine innovation orientation, green product innovation, and green marketing innovation to boost financial performance in a developing country. [ABSTRACT FROM AUTHOR]
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- 2024
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18. Top management team gender diversity and green innovation: A contingent curvilinear link.
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Liu, Xilu, Liao, Yi‐Chuan, Ma, Pengcheng, and Dong, Yusen
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The increasing significance of green innovation for firm competitiveness introduces greater risks and uncertain returns, challenging top managers' strategic decisions. The influence of top management team (TMT) characteristics, particularly gender diversity, on green innovation remains unclear. Drawing on gender difference and social identity theories, this study examines the curvilinear relationship between TMT gender diversity and green innovation among 2026 Chinese publicly listed manufacturing firms from 2011 to 2018. Through the use of fixed‐effects Poisson models to confirm our hypotheses, we uncover an inverted U‐shaped relationship between TMT gender diversity and green innovation. Furthermore, we delve into the contingent roles of individual, corporate, and industry factors affecting this primary relationship. Specifically, our findings reveal that the educational attainment of female executives and the strength of green industry innovation flatten the inverted U‐shaped curve between TMT gender diversity and green innovation, whereas state ownership steepen it. Our study resolves the inconsistencies found in previous research by integrating multiple theoretical perspectives and offers empirical insights into the role of women in shaping sustainable development in emerging markets. [ABSTRACT FROM AUTHOR]
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- 2024
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19. Small‐ and medium‐sized enterprises' carbon footprint reduction initiatives as a catalyst for green jobs: A systematic review and comprehensive business strategy agenda.
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Olekanma, Obafemi, Rodrigo, Liyanage S., Adu, Douglas A., and Gahir, Bruce
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Motivated by the growing attention on climate change, this study provides an up‐to‐date and comprehensive systematic literature review (SLR) on small‐ and medium‐sized enterprises (SMEs) carbon footprint reduction initiatives and green jobs. Based on datasets from databases that include Web of Science, Scopus, ProQuest and Google Scholar, we conducted a SLR of 70 published articles spanning 2012 to 2022. Using VOSviewer and InfraNodus, bibliographic cluster analysis revealed the existence of three clusters namely; the role of green job initiatives and green human resource management in SMEs (cluster 1); green innovation, green Initiatives, green strategy and circular economy in SMEs (cluster 2); carbon footprint reduction initiatives, carbon performance, carbon management and carbon emission in SMEs (cluster 3). We found that SMEs adopt green supply chain, employing energy‐saving strategies, eco‐friendly waste reductions and recycling, circular economy, and green office practices. The study results indicate that these carbon footprint initiatives can lead to green job creation since green competences are required to implement green initiatives. However, value propositions relating to carbon reduction initiatives within SMEs need to be integrated with employee engagement. Additionally, the SLR identifies future research areas that include exploring the association among SMEs carbon footprint, green innovation and green jobs, and strategies to enhance climate change initiatives. Consequently, we call for future research to focus on the design of green jobs tracking and carbon footprint reduction reporting framework to support SMEs' green initiatives. The findings have key policy implications for SME owners, policymakers, practitioners and future researchers. [ABSTRACT FROM AUTHOR]
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- 2024
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20. Partial privatisation and green innovation in China: The role of industrial context and regional development.
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Usman, Muhammad, Ishaque, Maria, Gull, Ammar Ali, and Tawiah, Vincent
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This study examines the relationship between partial privatisation (i.e., state ownership reduction) and green innovation in China. Employing a large dataset of 36,072 firm‐year observations between 2005 and 2022, we document a positively significant association between partial privatisation and green innovation, suggesting that privatisation promotes green innovation in Chinese firms. Further analyses shows that the relationship is stronger for firms in environmentally sensitive industries and those located in more developed regions. Our main finding is robust to the alternative measurement of variables and endogeneity concerns using the propensity score matching (PSM), firm‐fixed effects and the system generalised method of moments (GMM) approach. Finally, we document that green innovation in privatised firms yields superior performance. Our findings highlight the significant contribution of privatisation in the quest for low‐carbon emissions in China by promoting green innovation. [ABSTRACT FROM AUTHOR]
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- 2024
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21. The impact of research and development internationalisation on environmental, social and governance: Evidence from emerging market multinational enterprises.
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Li, Qianqiang, Li, Jing, and Luo, Yiru
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People are increasingly aware of the extent to which enterprises either improve or harm social welfare, with a growing trend to use environmental, social and governance (ESG) indicators to evaluate and describe efforts in this area. However, most research has neglected multinational enterprises, especially the significant impact of the radical and leapfrogging internationalisation of emerging market multinational enterprises (EMNEs) on sustainable development. This study discusses ESG in the context of the research and development (R&D) internationalisation of EMNEs and uses microdata from Chinese listed manufacturing enterprises from 2010 to 2020. Employing a propensity score matching (PSM) method and difference‐in‐differences (DID) estimation, this study empirically tests the effect of R&D internationalisation on the ESG performance of Chinese enterprises and their boundary conditions. This study finds that R&D internationalisation positively impacts enterprises' ESG performance through two pathways: improving green innovation and the quality of information disclosure. Furthermore, the study confirms the heterogeneous effects of institutional factors. Institutional deficits between home and host countries, along with the nature of private equity in enterprises, effectively enhance the value of the internationalisation of R&D for EMNEs on ESG performance. This study expands the exploration of the antecedents of ESG in the context of internationalisation, enriches the research on the impact effect and boundary conditions of EMNEs' R&D internationalisation and provides practical insights for EMNEs to enhance their ESG through R&D internationalisation. [ABSTRACT FROM AUTHOR]
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- 2024
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22. Resource recombination perspective on open eco‐innovation: Open innovation type, strategic orientation, and green innovation.
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Kim, Younghuk, Roh, Taewoo, and Boroumand, Raphaël Homayoun
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This study aims to investigate the missing links in open eco‐innovation by focusing on the following questions, which existing studies have limited attention in the existing literature: (1) Given the level of breadth and depth of a firm's open eco‐innovation, how can open innovation types be distinguished? (2) In what way does the open innovation type differ in implementing an open eco‐innovation strategy? and (3) How do open innovation strategic differences affect green innovation performance? Drawing upon the knowledge‐based view and dynamic capability perspective, this study provides theoretical grounds for a firm's breadth and depth of an open eco‐innovation strategy. It suggests a 2 × 2 resource recombination framework to differentiate between four open innovation types for green innovation: Maverick, Best friend, True, and Cherry‐picker. Using data from 2496 manufacturing firms in South Korea, we applied a k‐means cluster analysis to generate four groups and conducted regression analyses to confirm hypotheses. Our findings supported the influence of open innovation type on strategic orientation; however, the effect was not observed in Best Friend. Additionally, ambidextrous strategic orientation significantly influenced green innovation compared to either exploitative or explorative strategic orientations. [ABSTRACT FROM AUTHOR]
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- 2024
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23. How green transformational leadership drives environmental performance and firm performance? Empirical evidence from an emerging economy.
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Le, Thanh Tiep, Chau, Thoi Le Quan, Ngoc, Lien Tran Thi, and Tieu, Thanh Tran
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This study attempted to inspect the influence of green transformational leadership (GTL) on the development of business performance (FP) and environmental performance (EP) in SMEs of Vietnam with a mediating of green innovation (GI). Besides, the current study evaluated the positive impact of GTL on green human resource management (GHRM) and green thinking (GT), and ultimately on GI. The study investigated the hypotheses supplied by 416 survey samples from managers and directors at SMEs using structural equation modeling. Our findings reveal that GTL significantly influences the three green criterias, GHRM, GT, and GI. It investigates the impact of green factors in the context of Vietnamese SMEs. Specifically, the uniqueness of this study lies in examining the mediating role of GI with respect to the link between GTL and EP, FP, to compare how the indirect effects of GTL on EP and FP differ under the same conditions. Besides, the finding highlights that businesses will benefit from continual GI regarding the environment, earnings, and corporate image. Thus, the implications arising from this study and related documents contribute to helping managers understand the needs and benefits of green factors, thereby prioritizing the transmission of green goals to employees via vision and mission, thereby creating a new cultural dimension that contributes to the natural environment's sustainability. Furthermore, managers are urged to recruit, inspire, and provide opportunities for green human resources to use their potential for enhancing green products and processes to build the business and contribute to the environment. [ABSTRACT FROM AUTHOR]
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- 2024
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24. Catalyzing green change: The impact of tech‐savvy leaders on innovative behaviors.
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Olya, Hossein, Ahmad, Muhammad Shakil, Abdulaziz, Tamer Ahmed, Khairy, Hazem Ahmed, Fayyad, Sameh, and Lee, Choong‐Ki
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Global corporations face a significant challenge in addressing the lack of green innovation. Thus, this study develops a conceptual model to unveil the role of leader competencies in "smart technology, artificial intelligence, robotics, algorithms" (STARA) in promoting employees' green innovative behaviors. The study strives to analyze the mediating effect of green crafting behavior on the impact of leader STARA competencies on green innovative behavior. Additionally, the study tests the moderating roles of STARA awareness and employee promotion focus on the relationship between leader STARA competencies and green crafting behavior. Data were collected from 319 employees to test the proposed conceptual model using structural equation modeling. Findings reveal that leader STARA competencies drive employee green innovative behavior through green crafting behavior. Furthermore, STARA awareness and employee promotion focus moderate the influence of leader STARA competencies on green crafting behavior. Our research develops practical implications to improve leaders' STARA competencies, which could impact employees' green innovative behaviors. [ABSTRACT FROM AUTHOR]
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- 2024
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25. Green innovation and financial performance. The role of R&D investments and ESG disclosure.
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Casciello, Raffaela, Santonastaso, Rosalinda, Prisco, Martina, and Martino, Ilaria
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This study investigates the effects of green innovation (GI) on financial performance under both accounting and market‐based perspectives in European Union (EU) listed non‐financial firms. In addition, this study explores whether the R&D investments and the Environmental, Social and Governance (ESG) disclosure play a mediating role over the association between GI and accounting‐based and market‐based financial performance, respectively. Based on a sample of 526 firms over the period 2012–2022, we find that GI is negatively associated with accounting‐based financial performance and positively associated with market‐based financial performance. We further find that GI impacts on accounting‐based financial performance via the channel of R&D investments and on market‐based financial performance via the channel of ESG disclosure. This study provides useful contributions to prior research by encouraging the adoption of an integrated perspective when evaluating potential effects of GI. This study can also assist managers in better preparing for the challenges of implementing GI by leveraging the ESG disclosure. It also advices to investors to carefully assess the more complex impact of GI on financial performance of the firm within their capital allocation decision‐making process. In the same vein, it offers some insights to policy makers interested in facilitating the transition to a sustainable economy. [ABSTRACT FROM AUTHOR]
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- 2024
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26. Information acquisition or just going through the motions? Institutional investors' site visits and green innovation.
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Shi, Peihao and Wang, Hao
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The importance of green innovation in global sustainable development is increasingly recognized. Literature has documented that enhancing external oversight can improve green innovation performance. However, few studies systematically investigate the relationship between external supervisory behavior and green innovation. This study employs a game‐theoretic model to examine the relationship between institutional investors' site visits (SVs) and green innovation. Using a unique dataset covering SVs from 2012 to 2021, empirical findings reveal that institutional investors' SVs are dramatically favorable to green innovation performance, particularly among stress‐resistant institutional investors. More broadly, SVs by institutional investors with higher shareholdings and stronger reputations exhibit a substantial response to green innovation. Similarly, institutional investors' SVs significantly boost the green innovation of firms with inadequate environmental disclosure. Additional analysis documents that the quality improvement of green innovation significantly increases after institutional investors conduct more than three SVs in a calendar year. This study proposes that policymakers should improve the institutional environment for site visits, and enterprises can strategically involve institutional investors to enhance external monitoring mechanisms. The theoretical and practical implications of this contribute to boosting green innovation capabilities. [ABSTRACT FROM AUTHOR]
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- 2024
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27. Green innovation: the role of government subsidies under the system of digital finance -based on a zero-inflated negative binomial model.
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Feng, Linjie, Chen, Huangxin, Bilan, Yuriy, Khan, Salahuddin, and Zhan, Weipeng
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SUSTAINABLE development ,SUBSIDIES ,HIGH technology industries ,PANEL analysis ,ENVIRONMENTAL quality ,TECHNOLOGICAL innovations - Abstract
Green innovation is inevitable for improving the environment and achieving sustainable economic development. Using panel data of 3,076 enterprises listed on the Shenzhen and Shanghai stock from 2012 to 2021, the research employs the zero-inflated negative binomial (ZINB) regression to examine the impacts of government subsidies on corporate green innovation and the moderating effect of digital finance. Moreover, this paper investigates the impacts of ownership structure and industry heterogeneity. We find reliable evidence indicating a positive U-shape correlation between government subsidies and corporate green innovation. Moreover, the overall U-shape curve is elevated under the moderation of digital finance. Further analysis indicates that government subsidies significantly enhance the green innovation of non-state-owned and industrial enterprises. The findings herein provide new guidance for the government to stimulate corporate green innovation, balancing environmental quality and high-quality economic development. [ABSTRACT FROM AUTHOR]
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- 2024
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28. Heterogeneous impacts of carbon emission trading on green innovation: Firm-level in China.
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Zhang, Haotian, Sun, Xiumei, Ahmad, Mahmood, and Wang, Xueyang
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CARBON emissions ,EMISSIONS trading ,ENVIRONMENTAL policy ,GREENHOUSE gas mitigation ,ENERGY conservation ,CARBON offsetting ,CARBON pricing - Abstract
As an important market-based environmental policy, carbon emissions trading has played an increasingly important role in promoting energy conservation, emission reduction, and green innovation. The Chinese government started to implement a Carbon Emission Trade scheme in 2013 successively. This study uses a multi-period difference in difference to investigate the impact of Carbon Emission Trade on green innovation in panel data of listed companies from 2008 to 2020. The results show that: (1) Carbon Emission Trade significantly improves green innovation by 0.1916%. The robust test verifies the results. (2) The impact of Carbon Emission Trade on green innovation is heterogeneous at regional, industrial, and firm levels. From the regional level, Carbon Emission Trade has a stronger effect on regions with high marketization and low emissions. From the industry level, the policy effects are more pronounced in technology-intensive industries and the power industry, and negative policy effects are generated in Chemical industry, steel, and paper industries. From the enterprise level, Carbon Emission Trade shows better policy effects in state-owned enterprises, large enterprises. (3) Carbon Emission Trade enhances green innovation by reducing corporate financing constraints, improving corporate human capital, and strengthening government. (4) The enhancement of green innovation by Carbon Emission Trade balances the benefits. Increasing carbon price, market size and activity inhibit the increase of Carbon Emission Trade on green innovation. Based on the findings, the paper provides a new reference for the establishment of a carbon market. [ABSTRACT FROM AUTHOR]
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- 2024
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29. Institutional Investors' Green Activism and Corporate Green Innovation: Based on the Behind-Scene Communications.
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Lv, Qian, Li, Xinchen, Sun, Yuchen, and Han, Yun
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GREEN movement ,INSTITUTIONAL investors ,ENVIRONMENTAL research ,CORPORATE investments ,INVESTORS ,CORPORATE communications - Abstract
This paper investigates the promotion effects of institutional investors' communication on corporate green innovation. We use content analysis to identify the efficiency of institutional investors' communication, and find that institutional investors' communication promotes corporate green innovation. The mechanism analysis indicates that institutional investors' communication improves managers' awareness of green transformation, promotes corporate green investment efficiency and mitigates the extent of greenwashing. The positive impacts of institutional investors' communication are more effective on corporate utility patents than on invention patents. Such green governance effects are more pronounced in non-state-owned firms, green investors and close-distance to the institutional investors. By introducing exogenous shocks of the New Environmental Protection Law and China's regional carbon emissions trading market pilots, we find that the impact of institutional investors' communication on green innovation is enhanced after the implementation of environmental policies. Overall, our research contributes to the existing literature on institutional investors' green activism and the factors of green innovation, and also enriches the cross-disciplinary research on environmental regulation affecting institutional investors' green governance. [ABSTRACT FROM AUTHOR]
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- 2024
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30. How are firms motivated to greenly innovate under the pressure of ESG performance? Evidence from Chinese listed firms.
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Junliang Liu, Bolin Wang, and Xiaogang He
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ORGANIZATIONAL behavior ,LEVEL of aspiration ,ACHIEVEMENT motivation ,INNOVATIONS in business ,ORGANIZATIONAL performance ,TECHNOLOGICAL innovations ,ASPIRATORS - Abstract
The impact of environmental, social, and governance (ESG) performance gaps on firm green innovation is examined in this paper by a panel database of A-share Chinese listed companies from 2011 to 2021. Using multiple linear regression and conducting a series of endogeneity tests and robustness checks, our empirical analysis shows that firm ESG performance gaps have significantly positive effect on green innovation. Both ESG performance below historical aspiration and social aspiration levels enhance a firm's green innovation. Confucian culture negatively moderates the positive relationship between ESG performance gaps and green innovation, suggesting that firms more influenced by Confucian culture exhibit reduced green innovation than those less influenced. Additionally, firm digitalization positively moderates the positive relationship between ESG performance gaps and green innovation, indicating that firms with higher levels of digitalization are better equipped to improve green innovation when facing ESG performance shortfalls. This study extends the existing knowledge of firm ESG performance and motivation of green innovation. The research findings offer practical insights for leveraging the motivation and capabilities of green innovation to attain firm ESG objectives. [ABSTRACT FROM AUTHOR]
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- 2024
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- View/download PDF
31. How Officials' Political Incentives Influence Corporate Green Innovation.
- Author
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Ren, Shenggang, Liu, Donghua, and Yan, Ji
- Subjects
TOURNAMENT theory (Labor economics) ,GREEN behavior ,ENVIRONMENTAL policy ,ENVIRONMENTAL ethics ,PUBLIC officers ,MOTIVATION (Psychology) ,POWER (Social sciences) - Abstract
Drawing on tournament theory, we argue that when environmental goals are incorporated into the cadre evaluation system, compared to officials who are close to retirement (i.e., retiring officials), non-retiring officials may exert more effort to foster risky green innovation. Based on a sample of publicly traded firms from heavily polluting industries in China between 2008 and 2016, we hypothesize and find that confronted with severe environmental pollution, firms in provinces with non-retiring governors have higher green innovation performance than those in provinces with retiring governors. Moreover, we find that this effect is stronger for firms in provinces whose governors have higher promotion anticipation, for local state-owned enterprises (SOEs), and for politically connected firms. Our study identifies the political incentives of government officials as an important antecedent of corporate green innovation and highlights the value of establishing a "green" cadre evaluation system to promote sustainable development. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
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32. Green finance and sustainability: mapping research development through bibliometric analysis.
- Author
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Chandran, Renju and Chandran MC, Sarath
- Subjects
BIBLIOMETRICS ,THEMATIC maps ,SUSTAINABLE development ,CARBON emissions ,RENEWABLE energy sources ,CITATION networks - Abstract
Environmental concern is a significant driver of demand for sustainable initiatives, emphasizing the significance of green finance in academic research. While sustainability issues attract increasing global focus, the need to map the development and thematic evolution of green finance becomes important. Therefore, the present study mounts the development and thematic evolution of green finance through a comprehensive bibliometric analysis. Using the Scopus database, we analyzed 887 articles to identify key trends, collaboration networks, and thematic clusters. It was found that China has made a significant contribution to academic literature and has had notable collaborations with South Asian institutions. The central themes are carbon emissions, green technology innovation, and renewable energy. The two advanced bibliometric tools, Biblioshiny and VOSviewer create thematic maps, co-citation networks, and keyword analyses to provide insights into the intellectual structure of green finance research. Based on this study, the most influential authors, major journals, and emerging research areas are pinpointed to offer a pathway for future research in this multidisciplinary domain. The study's findings underscore green finance's significant role in achieving sustainable development and promoting environmentally friendly initiatives. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
33. Assess the Economic and Environmental Impacts of the Energy Transition in Selected Asian Economies.
- Author
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Hou, Kexin and Waqas, Muhammad
- Subjects
- *
RENEWABLE energy transition (Government policy) , *SUSTAINABILITY , *SUSTAINABLE development , *ENVIRONMENTAL degradation ,ECONOMIC conditions in Asia - Abstract
Energy transition and green innovation have appeared as new hopes for environmental impact due to human activity, which has destroyed biodiversity and increased environmental degradation. Therefore, developed and emerging economies are focusing on green innovation and energy transition to tackle the environmental impact. Thus, this study was initiated to provoke a meaningful relationship between energy transition, economic growth, trade, green innovation, and good governance to measure the role of concerning factors in achieving environmental sustainability. For this objective, dynamic econometric approaches such as cointegration, heteroskedastic OLS estimation using GMM (HOLS-GMM), AMG, and Driscoll–Kraay were implemented to estimate the Asian dataset between 1990 and 2022. The result indicates that concerning factors have a significant influence on environmental impact. The findings specify that a 1% rise in the energy transition and green innovation will influence the environment by 0.0517% and 3.051%, respectively. Further, AMG and Driscoll–Kraay validate the findings of HOLS-GMM. The robust tests indicate that the factors, which are concerning, significantly impact environmental sustainability. Consequently, the energy transition, trade, and green innovation significantly contribute to attaining ecological sustainability in the long term, and the Sustainable Development Theory prevails in the economy. Thus, innovative policy implications, including energy transition, green innovation, trade, and economic growth, are required to make Asia prominent in achieving environmental sustainability via implementing sustainable and green technologies and clean energy sources. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
34. The Impact of Industrial Robots on Green Total Factor Energy Efficiency: Empirical Evidence from Chinese Cities.
- Author
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Zhao, Chuanyue, Zhu, Zhishuang, Wang, Yujuan, and Du, Junhong
- Subjects
- *
INDUSTRIAL robots , *TECHNOLOGICAL revolution , *SUSTAINABLE development , *TECHNOLOGICAL innovations , *GREEN technology ,ECONOMIC conditions in China - Abstract
Improving energy utilization efficiency is a crucial means to achieve energy conservation, emission reduction, and green development. At present, to establish a high-quality development framework and satisfy the growing need for a better life among all its people, China must steadfastly pursue the path of green development. Although China's substantial economic scale and achievements in ecological civilization construction provide favorable conditions for green transformation, there remains a significant gap compared to developed countries in the application of green and clean technologies. Confronted with technological bottlenecks, leveraging emerging technologies such as industrial robots from the new round of scientific and technological revolutions to improve the green total factor energy efficiency (GTFEE) is of critical importance to China's green development. This study explores the potential impact of industrial robots on enhancing China's GTFEE. It begins by reviewing the current research landscape in this field, highlighting its shortcomings, and theorizing potential impact pathways of industrial robots. Subsequently, the paper analyzes data from 2010 to 2019 on the usage of industrial robots and GTFEE across 276 cities at the prefectural level or above in China. Through empirical regression models that incorporate control variables and interaction terms, the study investigates the specific impacts of industrial robots on energy efficiency and their mechanisms of action. The results indicate that industrial robots significantly enhance the GTFEE of Chinese cities, especially in the Northeastern region. Industrial robots notably improve the GTFEE in resource-based cities, old industrial bases, and low-carbon pilot cities. Additionally, robots indirectly boost GTFEE by increasing labor productivity. Enhanced levels of green innovation and environmental regulations also positively moderate the effectiveness of industrial robots in improving energy efficiency. The findings of this research can assist local government agencies in coordinating and implementing policies that are conducive to green development, making better use of industrial robots to serve the people, and are of significant importance for promoting the transformation of China's economy and society towards high-quality development. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
35. Environmental regulation and enterprise green innovation: a dual heterogeneity perspective.
- Author
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Xiao, Jing, Zeng, Ping, and Li, Xiang
- Subjects
- *
ENVIRONMENTAL ethics , *EVIDENCE gaps , *ENVIRONMENTAL regulations , *HETEROGENEITY , *BUSINESS enterprises - Abstract
Based on institutional theory, environmental regulation (ER) is considered the primary factor in stimulating green innovation (GI) in enterprises. The existing literature has extensively explored the ER-GI relationship, but conclusions are still inconsistent, which is related to neglecting the dual heterogeneity in this relationship. Hence, we divide ER into command ER (CER) and incentive ER (MER), and GI into compliant GI (CGI) and strategic GI (SGI) to address this research gap. Employing a questionnaire survey of Chinese manufacturing enterprises, we re-examined the ER-GI relationship and tried to identify the moderating effect of environmental ethics (EE). The results show that CER and MER positively affect CGI and SGI. Furthermore, under the CER, there is increased accessibility to adopting CGI. Under the MER, the likelihood of choosing SGI is higher. Moreover, we find that heterogeneous ERs are more conducive to SGI under the moderating effect of EE. This study has significantly contributed to the literature on the ER-GI relationship. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
36. The Impact of Green Entrepreneurial Orientation and Greenmarket Orientation on SME's Performance: The Role of Green Innovation.
- Author
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Rahmawati, Rizqi, Astuti, Widji, and Supanto, Fajar
- Subjects
BUSINESS success ,GREEN marketing ,MARKET orientation ,GREEN business ,SMALL business - Abstract
Protecting the environment has turned into a competitive market problem, affecting the success of small businesses. Much research has been done on the direct links between green entrepreneurial orientation, green market orientation, green innovation, and SME success. However, few studies look at the indirect links through the lens of green innovation. This study aims to find out if green market orientation and green entrepreneurial orientation impact the success of small and medium-sized businesses. PLS-SEM is used to test the theories quantitatively. Conversations with Batik SME business owners in Ponorogo City were used to gather data. Thirty people took part in this study. The results show that green market orientation and green entrepreneurial orientation have both direct and indirect effects on the success of small businesses. Green innovation also has a direct impact on the success of small and medium-sized enterprises, as well as affects green business orientation and green market orientation. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
37. How Does a Green Supply Chain Improve Corporate Carbon Performance.
- Author
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Zou, Qianlingzi, Ge, Shuaizhong, Peng, Yu, Shi, Daqian, and Tan, Zhifen
- Abstract
Drawing from A-share listed companies' data from the Shanghai and Shenzhen stock markets in China (2013–2022), this paper adopts the differential model to test the impact and mechanism of a green supply chain (GSC) pilot on pilot enterprises. The results show that the GSC pilot effectively improved the carbon performance of the pilot enterprises and passed a series of robustness tests. Mechanism analysis finds that green innovation, efficiency improvement, and environmental information disclosure (EID) can reduce the carbon emissions of enterprises. The moderating effect discovers that environmental regulation and environmental attention effectively strengthened the role of the GSC pilot in improving carbon performance. In addition, this paper finds that the pilot had a better carbon reduction effect on mature, technology-intensive, and non-state-owned enterprises. The above research conclusions provide strong support for the government to build a GSC and promote low-carbon development. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
38. Research on the Impact Mechanism of ETS on Green Innovation in China's High-Carbon Industries: A Perspective of Enterprise Heterogeneity.
- Author
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Liu, Xiao and Zhu, Yue
- Abstract
Green technology innovation is an important driving force for low-carbon development of enterprises. As a market-based environmental policy to promote greenhouse gas emission reduction, whether carbon emission trading scheme (ETS) can encourage enterprises to carry out green technology innovation under the background of "dual carbon" goal deserves further research. Taking Chinese A-share listed enterprises in the five major sectors as samples, this study constructed a modified Difference-in-Differences (DID) model to test the causal effect of ETS on green innovation in high-carbon industries. Three significant results can be summarized from the empirical study. Firstly, the ETS has a significant promoting effect on green innovation of high-carbon enterprises. And it can effectively promote high-carbon enterprises to achieve an average of a 13.24–19.56% increase in low-carbon innovation capabilities. Secondly, enterprises with different characteristics have heterogeneity in the impact of ETS implementation on green innovation. Secondly, the implementation of ETS exerts heterogeneous effects on green technology innovation across enterprises that possess diverse characteristics. Enterprises with a large capital scale (low equity concentration) have a more significant promoting effect than those with a small capital scale (high equity concentration). Thirdly, the green innovation effect of ETS exhibits significant heterogeneity across different types of industries. In the mining, manufacturing, and construction sectors, the ETS has effectively stimulated green innovation to a certain extent. There has been no significant change in green innovation in the sector of electricity, heat, gas, and water production and supply. In particular, after the implementation of the ETS, green innovation has actually been weakened in the transportation sector. As such, for policy makers, differentiated ETS policies should be implemented based on the actual situation of different industries and types of carbon-emitting enterprises. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
39. What drives environmental sustainability? The role of renewable energy, green innovation, and political stability in OECD economies.
- Author
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Behera, Puspanjali, Behera, Biswanath, Sethi, Narayan, and Handoyo, Rossanto Dwi
- Subjects
- *
POLITICAL stability , *ENERGY consumption , *DECENTRALIZATION in government , *RENEWABLE energy sources , *CLEAN energy - Abstract
One possible way to achieve environmental sustainability is by addressing the issue of rising CO2 emissions, which significantly cause climate change by intensifying the greenhouse gas effect. The Organization for Economic Cooperation and Development (OECD), which substantially contributes to global CO2 emissions, necessitates a paradigm shift towards using clean energy sources and promoting green innovations to ensure environmental sustainability. Thus, this study aims to inspect the role of renewable energy use, green technology innovation, political stability, and fiscal decentralization in attaining environmental sustainability by limiting CO2 emissions for seven OECD economies from 2000 to 2019. This study has employed the 'Cross-Sectional Augmented Autoregressive Distributed Lag and Augmented Mean Group Estimator' for robust empirical analysis. The results indicate that renewable energy use, political stability, and fiscal decentralization can mitigate CO2 emissions and ensure environmental sustainability in OECD economies. In contrast, green technology innovation exhibits an insignificant effect on CO2 emissions. Furthermore, the moderation effects of fiscal decentralization and political stability exhibit a negative relationship with CO2 emissions. Notably, this study advises OECD nations to encourage regional cooperation to ensure political stability and devolution of fiscal powers to promote green innovation and renewable energy use to achieve sustainable goals. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
40. Exploring the dynamic capability of green technology innovation for achieving sustainable development: an empirical insight from China.
- Author
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Chen, Liruo, Kaosarat Olawunmi, Ibikunle, Ribeiro, Marcelo Piemonte, Khan, Khatib Ahmad, and Abbas, Shujaat
- Subjects
- *
GRANGER causality test , *MALACHITE green , *SUSTAINABLE investing , *SUSTAINABLE development , *GREEN technology , *TECHNOLOGICAL innovations - Abstract
During the past several decades, the world has been putting strong emphasis on the role of environmental technology innovation which can reduce environmental degradation and promote sustainable development. This research sheds light on the impact of green technology or eco innovation on sustainable development for China. Additionally, the effects of other variables such as governance, information and communication technology, trade uncertainty and urban population are also analysed. The study employs Fully modified ordinary least squares (FMOLS) and Canonical Cointegration Regression (CCR) as the long run tests and Breitung and Candelon Spectral Granger-Causality as the time varying granger causality test. The results suggest that green innovation promotes sustainable development in the long run. The roles of governance quality and urbanization are also found to be positive while the role of ICT is found to be insignificant yet negative. The role of trade uncertainty is positive yet insignificant. Based on these results, the study calls for the private and public organizations and industries to invest in eco innovation. Different incentives from the government can also encourage private industries to invest in green innovation technologies. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
41. Human capital readiness and global market orientation to business performance: The mediation role of green innovation.
- Author
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Khusnah, Hidayatul and Soewarno, Noorlailie
- Subjects
MARKET orientation ,ORGANIZATIONAL performance ,HUMAN capital ,EXPORT marketing ,GREEN marketing ,PREPAREDNESS ,SMALL business - Abstract
Copyright of Contaduría y Administración is the property of Facultad de Contaduria y Administracion-Universidad Nacional Autonoma de Mexico and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
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42. The Role of Digital Finance Embedded in Green Agricultural Development: Evidence from Agribusiness Enterprises in China.
- Author
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He, Lu, Zhou, Lunzheng, Qi, Jiaguo, Song, Yan, and Jiang, Minghui
- Subjects
AGRICULTURAL development ,HIGH technology industries ,SUSTAINABLE agriculture ,FIXED effects model ,SUSTAINABLE development - Abstract
Digital inclusive agriculture refers to an agricultural development model that integrates various digital technologies into the agricultural production process, aiming to deliver benefits for all stakeholders throughout the agricultural value chain. This paper draws on the ecological symbiosis theory, embeds the concepts of digital finance and social responsibility into the goal of green development in agriculture, selects 395 agribusiness enterprises in China from 2013 to 2022 as the analysis sample, and examines the impact by adopting an improved weighted least squares (WLS) fixed effects model. Results show that digital finance has a significant effect on the quantity and quality of green innovation in agribusiness enterprises, and good social responsibility performance can enhance the innovation promotion effect of digital finance. Heterogeneity analysis reveals that agribusiness belonging to the processing and distribution type, located in the eastern region, and in the growth stage benefit more clearly. This paper provides theoretical references and practical guidelines for solving agricultural financing problems, boosting their green innovation capacity in the digital age. It is of great practical significance for realizing the green symbiotic ecology of responsible agricultural industry, promoting the win–win situation between enterprises and society, and the high-quality development of agriculture. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
43. Decision‐making of powerful CEOs on green innovation: The roles of performance feedback and institutional investors.
- Author
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Zhao, Jianyu and Qu, Jing
- Subjects
INSTITUTIONAL investors ,FINANCIAL performance ,CHIEF executive officers ,SUPERVISORS ,BUSINESS enterprises - Abstract
This study assesses the effects of CEO power on green innovation and, more importantly, explores how different performance feedback affects this relationship by considering the positive and negative aspects of financial and environmental performance feedback. We further discuss how institutional investors respond to the decision‐making of powerful CEOs on green innovation. By using Chinese manufacturing observations, we find that although powerful CEOs positively promote firms' green innovation, this positive effect does not apply to all conditions. The impacts of CEO power on green innovation are different under the positive and negative aspects of performance feedback, and under financial and environmental performance feedback. Accordingly, heterogeneous institutional investors respond differently to these various situations. Specifically, pressure‐resistant institutional investors serve as 'supervisors' under the positive aspects of financial and environmental performance feedback and shift to 'bystanders' under the negative aspects of financial and environmental performance feedback. Pressure‐sensitive institutional investors always act as 'bystanders' under different performance feedback. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
44. The Influence of Executives' Education Background on Corporate Green Innovation: A Dual Perspective of Risk Bearing and Social Responsibility.
- Author
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Zhang, Yunhua, Wu, Jia, and Chen, Min
- Abstract
Sustainable development, epitomized by green innovation, is increasingly emerging as a pivotal force propelling economic ecosystems and environmental conservation efforts. It plays a vital role in addressing the environmental challenges epitomized by the Kuznets curve conundrum. As a pivotal theoretical determinant in fostering green innovation practices within firms, the extent of influence and the underlying mechanism of top executives' educational backgrounds have not been adequately examined through empirical research. This study investigates the influence of executives' educational attainment on corporate green innovation, examining the relationship from the perspectives of risk assumption and corporate social responsibility. The results of our analysis are as follows: (1) there is a significant positive correlation between the educational level of executives and the incidence of green technological innovation within firms. (2) Executives with overseas backgrounds make a substantial contribution to both green technological and green management innovation. (3) The examination of mediation effects reveals that risk bearing plays a partial mediation role in the process through which executives' educational background influences green technological innovation. Additionally, corporate social responsibility functions as a partial mediation factor. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
45. Effect of Digital Transformation in Sports Companies on Green Innovation: Evidence from Listed Companies in China.
- Author
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Zhang, Yina, Zhao, Wu, and Liu, Haiman
- Abstract
In the context of the "dual carbon" strategic goal and sustainable development, the digital transformation of sports companies has emerged as a crucial factor in overcoming barriers to green growth and addressing institutional and efficiency challenges. This study examines the mechanism by which digital transformation drives green innovation, using a sample of Chinese-listed companies in the sports industry from 2011 to 2022. Fixed effects models were employed. The study's findings are as follows: (1) Digital transformation has a significant positive impact on green innovation, indicating that the digitalization of companies plays a crucial role in promoting green practices. (2) A mechanism analysis revealed that digital transformation facilitates green innovation by enhancing human capital and improving internal control levels. (3) A heterogeneity analysis demonstrated that stricter environmental regulations strengthen the driving effect of digital transformation. Moreover, state-owned sports companies exhibit a stronger endogenous impetus for green innovation than non-state-owned companies, driven by their alignment with national strategic planning, thus enhancing the role of digital transformation. This study contributes to the literature by offering insights into the integration of digitization and green innovation. Furthermore, it provides practical guidance and path selection for achieving coordinated digitization and green innovation in Chinese sports companies within the framework of the "dual carbon" goal. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
46. The Impact of Digital Technology on Water Resources Management: Evidence from China.
- Author
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Zhao, Xiaochun, Yang, Danjie, and Zhou, Ying
- Subjects
WATER management ,PANEL analysis ,DIGITAL technology ,DATA analysis - Abstract
Digital technology is gradually emerging as a new driving force in the field of water resources management. In this paper, we conduct a thorough analysis of panel data from 30 provinces in China spanning from 2013 to 2022. Utilizing the fixed-effects model, the mediation effect model, a panel threshold model, and a coupling coordination degree model, this study empirically examines the impact of digital technology on water resources management. The findings are as follows: (1) The direct impact of digital technology on water resources management is significantly positive at the 1% level, with notable regional variations. (2) Digital technology improves water management through green innovation. (3) In the process of digital technology promoting water resources management, green innovation exhibits a threshold effect, with an estimated threshold value of 1.840. (4) During the sample period, the national coupling coordination degree of digital technology and water resources management was barely coordinated, showing the following characteristics: Eastern China > Western China > Central China. These research conclusions will offer valuable insights and directions for advancing sustainable water resources management strategies and fostering the deep integration of digital technology and water resources management. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
47. Testing the load capacity curve hypothesis with green innovation, green tax, green energy, and technological diffusion: A novel approach to Kyoto protocol.
- Author
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Degirmenci, Tunahan and Aydin, Mucahit
- Subjects
UNITED Nations Framework Convention on Climate Change (1992). Protocols, etc., 1997 December 11 ,ENVIRONMENTAL degradation ,CLEAN energy ,TREATIES ,SUSTAINABLE development - Abstract
Environmental degradation, which is seen as the most critical obstacle to sustainable development, is addressed by SDGs 7, 11, and 13. The Kyoto Protocol is the first international agreement to solve the problem of environmental degradation. The purpose of this research is to examine the role of Annex II nations in promoting environmental sustainability, particularly those that have adopted environmental obligations under the Kyoto Protocol. The study tests the load capacity curve hypothesis for Annex II countries during the 1994–2018 period. To begin with, we applied some priori tests to panel data analysis and utilized appropriate analysis methods based on the results. Unit root, cointegration, and long‐run estimators were employed. The findings confirmed a long‐run relationship for the load capacity curve model. In the end, two different estimators, namely cross‐sectional ARDL and augmented mean group estimator, were used to test the validity of the load capacity curve hypothesis. The study found that while the hypothesis did not hold true for all Annex II countries, it was only valid for Finland. This research suggests that Annex II countries are not adequately contributing to the achievement of the Kyoto Protocol targets. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
48. Peer performance and short-termism: evidence from green patenting activities.
- Author
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Mbanyele, William, Huang, Hongyun, and Muchenje, Linda Tinofirei
- Subjects
ORGANIZATIONAL performance ,ECONOMIC expansion ,EXTERNALITIES ,PATENTS ,PEERS - Abstract
Theory and empirical evidence suggest short-termism endangers long-term corporate performance and economic growth. However, little is known about whether and how short-termism impacts the environment and society. Exploiting competitors' idiosyncratic stock performance as an exogenous short-term peer return variation, we document that firms adjust their green innovation productivity downwards in response to higher short-term peer returns. We also document that higher peer short-term performance provides strong incentives for short-termism as firms strategically cut their R&D and SG&A expenditure to boost their short-term performance. Overall, our study documents the negative externalities that near-term returns can impose on competitors' investment decisions. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
49. Managerial attention to environmental protection and corporate green innovation.
- Author
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Huang, Dan, Cheng, Jie, Quan, Xiaofeng, and Wu, Yanling
- Subjects
ENVIRONMENTAL protection ,INNOVATIONS in business ,GREENWASHING (Marketing) ,POLLUTANTS ,AWARENESS - Abstract
We examine whether and how managerial attention to environmental protection (MAEP) affects firms' green innovation. Using a sample of Chinese public firms in heavily polluting industries, we find a positive association between MAEP and green innovation. We further find that firms have better green innovation performance when managerial attention is directed towards specific environmental issues rather than broad ones. In mechanism analyses, we find evidence that MAEP promotes green innovation by making more environmental investments and by cultivating environmental awareness within firms. Moreover, MAEP's impact on green innovation is more pronounced when firms have few financial constraints or high-quality internal information environments. Finally, we demonstrate that MAEP promotes firms' high-quality green innovation, that MAEP-induced green innovation can lead firms to lower pollutant discharges in future, and that MAEP's effect on green innovation exists in firms with fewer greenwashing incentives, thus ruling out the greenwashing explanation. Overall, our findings document that increasing managerial attention to environmental protection is vital for non-green firms to initiate successful green practices. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
50. Do green finance and green innovation foster environmental sustainability in China? Evidence from a quantile autoregressive-distributed lag model.
- Author
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Dong, Rui, Wang, Shengnan, and Baloch, Muhammad Awais
- Subjects
ENVIRONMENTAL policy ,SUSTAINABILITY ,ENVIRONMENTAL degradation ,GLOBAL warming ,CARBON emissions - Abstract
The world is facing problematic environmental conditions due to ongoing global warming. Attempts to deal with environmental challenges have increased the importance of green policy measures, of which green finance and green innovation are crucial strategies. The present study contributes to the literature by investigating the role of green finance and green innovation in achieving environmental sustainability in China. A quantile autoregressive-distributed lag (QARDL) model was used, as it depicts the causality pattern on annual time series data from 2000 to 2019, with empirical outcome confirming that green finance and green innovation play a substantial role in reducing CO
2 emissions. We found that economic growth stimulates environmental degradation by contributing to CO2 emissions, and renewable energy can contribute to achieving environmental sustainability. These empirical findings support relevant policy insights for sustaining green finance and green innovation in China in order to ensure environmental sustainability. [ABSTRACT FROM AUTHOR]- Published
- 2024
- Full Text
- View/download PDF
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