Band Together or Go It Alone? Climate Risk and Corporate Collaborative Innovation
Abstract
Corporations
are
under
increasing
pressure
to
adapt
their
strategies
mitigate
the
adverse
effects
of
climate
risk.
This
study
explores
theoretical
and
empirical
relationship
between
risk
corporate
collaborative
innovation,
highlighting
mechanisms
involved.
Theoretical
analysis
suggests
that
risk,
by
intensifying
stranded
assets
cross-risks,
acts
as
a
compensatory
driver
for
innovation
among
corporations.
Digital
transformation
strengthens
this
mechanism,
while
risk-taking
diminishes
its
impact.
Empirical
using
data
from
Chinese
A-share
listed
companies
supports
framework,
revealing
compels
"band
together"
technological
advancement
manage
external
challenges.
The
mediating
effect
digital
enhances
flow
elements
firms,
bolstering
whereas
weakens
effect.
paper
deepens
understanding
how
shapes
strategy.
It
provides
practical
insights
strategists
seeking
responses
environmental
volatility
policymakers
in
designing
sustainability-oriented
policies.
JEL
Classification :
O32,
Q51
Research Square (Research Square), Journal Year: 2025, Volume and Issue: unknown
Published: April 23, 2025
Language: Английский