Browsing by Subject "Green innovation"
Now showing 1 - 5 of 5
Results Per Page
Sort Options
- PublicationOpen AccessA good name is rather to be chosen: The impact of CEO reputation incentives on corporate green innovation(Wiley, 2023-10-30) Sun, Xiaonan; Xiao, Yao; Liu, Xiaoqian; Cifuentes Faura, Javier; Ciencia Política, Antropología Social y Hacienda Pública; Facultad de Economía y EmpresaIn contrast to studies examining the effects of government incentives such as environmental regulation on corporate green innovation, this paper investigates the influence of CEO reputation, a market-based incentive mechanism, on companies' green innovation behavior. Utilizing green patent data from Chinese A-share listed companies from 2007 to 2020, we construct a CEO reputation index through principal component analysis and examine its impact on corporate green innovation behavior and underlying mechanisms. Our findings indicate that CEO reputation positively affects companies' green innovation behavior. This effect is primarily driven by reducing financing constraints, CEOs' risk perception, and rising environmental awareness. Further heterogeneity analysis reveals the positive relationship between CEO reputation and green innovation behavior is more pronounced in companies with strong executive compensation incentives, political connections, and effective internal control.
- PublicationRestrictedCan green finance policy reduce corporate carbon emissions? Evidence from a quasi-natural experiment in China(Elsevier, 2024-12-04) Liu, Xiaoqian; Wan, Chang’an; Wan, Long; Cifuentes Faura, Javier; Ciencia Política, Antropología Social y Hacienda Pública; Facultad de Economía y EmpresaThe construction of pilot zones for green finance reform and innovation (PZGFRI) is China's regional exploration aimed at increasing financial support for green transformation and development. However, its impact on corporate carbon emission governance is uncertain. This paper examines the impact of the PZGFRI policy on corporate carbon emissions (CCEs) and its mechanisms based on the difference-in-differences model. The results indicate that this PZGFRI policy notably reduces the carbon emissions of enterprises in the pilot regions. Mechanism analysis reveals that this green finance policy reduces CCEs via alleviating corporate financing constraints, promoting corporate green innovation and corporate ESG performance. Heterogeneity results show that this negative impact is more pronounced for non-SOEs than SOEs. Furthermore, the PZGFRI policy dramatically reduces the carbon emissions of enterprises with short-sighted managers, while having insignificant performance on those with long-sighted management. Moreover, carbon reduction effect is notable for high-carbon industry enterprises, and this impact is insignificant for non-high carbon emission industry enterprises. Additionally, this policy has a prominent carbon reduction influence on enterprises in eastern and central regions, but its effect is minimal for those in western regions. This paper provides empirical evidence for other countries to implement green finance policies to promote low-carbon transformation development.
- PublicationEmbargoDo ESG Strategies Drive Green Innovation in Emerging Economies?(Wiley, 2025-10-28) Fülöp, Melinda Timea; Cifuentes Faura, Javier; Ciencia Política, Antropología Social y Hacienda Pública; Facultad de Economía y EmpresaThis study examines how environmental, social, and governance (ESG) strategies influence green innovation in small and medium-sized enterprises (SMEs) in emerging economies. Grounded in the resource-based view and stakeholder theory, we argue that ESG practices enhance green innovation and that this relationship is moderated by a firm's innovation orientation. Using data from 317 Romanian SMEs analyzed using partial least-squares structural equation modeling (PLS-SEM), we find that all three ESG dimensions positively affect green innovation, with environmental practices being the most influential. Innovation orientation significantly strengthens these effects, particularly in the case of environmental strategies. These findings contribute to ESG and innovation literature by providing practical evidence from a transitional economy and highlighting the complementary role of ESG and innovation orientation. The study suggests that Romanian SMEs-and, by extension, those in similar emerging markets-can boost green innovation by adopting integrated ESG strategies supported by an innovation-driven culture. Policymakers are encouraged to complement ESG reporting mandates with initiatives that develop SMEs' innovation capabilities and create a more sustainable and competitive business landscape.
- PublicationOpen AccessImpact of Environmental Disclosure on Firm Performance : the Mediating Role of Green Innovation(Universidad de Murcia, Servicio de Publicaciones, 2023) Malik, Fizzah; Wang, Fangjun; Li, Jiyuan; Naseem, Muhammad AkramThis study focuses on the impact of environmental disclosure on financial performance. Moreover, the current study aims to explore the mediating impact of green innovation and provide novel evidence regarding this relationship using stakeholder and signalling theory. This study used a sample dataset comprising Chinese firms listed on Shanghai and Shenzhen stock exchange for the period of 2005–2016. In our measurement model, green innovation is the partial mediator between the positive relationship of environmental disclosure and firm performance. Empirical results show that environmental disclosure affects firm financial performance directly and positively influences it through green innovation in Chinese firms. The study suggests that Chinese firms have implications for improved performance by increasing environmental disclosure and green practices.
- PublicationOpen AccessIs training a green innovation driver? The mediating role of knowledge acquisition(Emerald, 2023-06-05) Barba Aragón, María Isabel; Barba Aragón, María Isabel; Jiménez-Jiménez, Daniel; Organización de Empresas y Finanzas