Environment Development and Sustainability,
Journal Year:
2023,
Volume and Issue:
26(9), P. 24009 - 24030
Published: July 21, 2023
Abstract
This
research
examines
the
correlation
between
corporate
green
innovation
and
its
positive
impacts
by
analyzing
firm-level
data
from
S&P
500
spanning
years
2001
to
2022.
Drawing
on
previous
studies,
this
employs
rigorous
methodologies
measures
assess
influence
of
innovation.
The
study
investigates
drivers
assesses
potential
effects
firm
performance
risk
reduction.
Firstly,
it
explores
factors
that
contribute
adoption
Secondly,
how
affects
mitigates
risks.
findings
demonstrate
implementing
leads
a
reduction
in
volatility
credit
risk,
while
also
enhancing
value
emission
performance.
robustness
tests
conducted
further
reinforce
these
conclusions,
thereby
contributing
existing
body
literature
highlights
crucial
role
characteristics
promoting
sustainable
business
practices
through
These
insights
hold
significant
for
investors,
policymakers,
regulators,
providing
them
with
valuable
information
making
informed
decisions
regarding
investments
formulation
policies
foster
sustainability
Environment Development and Sustainability,
Journal Year:
2023,
Volume and Issue:
26(9), P. 24009 - 24030
Published: July 21, 2023
Abstract
This
research
examines
the
correlation
between
corporate
green
innovation
and
its
positive
impacts
by
analyzing
firm-level
data
from
S&P
500
spanning
years
2001
to
2022.
Drawing
on
previous
studies,
this
employs
rigorous
methodologies
measures
assess
influence
of
innovation.
The
study
investigates
drivers
assesses
potential
effects
firm
performance
risk
reduction.
Firstly,
it
explores
factors
that
contribute
adoption
Secondly,
how
affects
mitigates
risks.
findings
demonstrate
implementing
leads
a
reduction
in
volatility
credit
risk,
while
also
enhancing
value
emission
performance.
robustness
tests
conducted
further
reinforce
these
conclusions,
thereby
contributing
existing
body
literature
highlights
crucial
role
characteristics
promoting
sustainable
business
practices
through
These
insights
hold
significant
for
investors,
policymakers,
regulators,
providing
them
with
valuable
information
making
informed
decisions
regarding
investments
formulation
policies
foster
sustainability
