The effect of ESG performance on corporate green innovation

Business Process Management Journal, Journal Year: 2024, Volume and Issue: unknown

Published: May 30, 2024

Purpose The transition to green growth goals requires the concerted efforts of whole society. Enterprises, as important players in market, play a key role promoting and sustainable development. rise concept development has enabled more enterprises disclose environmental, social governance (ESG) information, ESG behaviour is regarded positive strategic implement new concept. This paper aims explore influence performance on enterprise innovation. Design/methodology/approach study applies fixed effect model regulation empirical analysis object investigation 2014–2021 Shanghai Shenzhen A-share listed companies. Findings results an outline following conclusions: (1) significant innovation, mainly by easing pressure financing enterprise, fitting stakeholders’ environmental protection obtaining employee organizational identity that influences (2) Government positively regulates innovation enterprises. (3) Heterogeneity found strengthening stronger invention patents, state-owned nonheavily polluting industries. Research limitations/implications Despite valuable findings, this few limitations. Thus, it necessary extend adding other Asian countries, which allows for comparison allocating best practices Besides, depend quality institutions. In case, future should incorporate indicators reveal institutions (corruption, transparency, digitalisation, voice, accountability, etc.). Practical implications According above conclusions, proposes suggestions at level enterprises, government investors. At level, responsibility be strengthened, information consciously disclosed disclosure improved. departments supervisors, improve construction systems promote formation systems. investors status pay attention Originality/value fills scientific gaps impact contributes theoretical landscape efficiency developing approaches based two models: testing whether plays regulatory relationship between analysed within categories: heavy nonheavy polluter industries; state nonstate-owned groups.

Language: Английский

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Green fund shareholdings and firms’ dual performance: based on the perspective of institutional logic

Chinese Management Studies, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 20, 2025

Purpose Green funds represent a hybrid approach that integrates both environmental and financial considerations. Firms also strive to balance social benefits with economic performance. This study aims analyze how green fund shareholdings impact firms’ dual performance explores the underlying mechanisms boundary conditions. Design/methodology/approach uses sample of A-share companies listed on China’s exchanges from 2008 2022. A fixed effects model is used assess value in enhancing while exploring viable pathways achieve “win-win” outcome. Findings significantly enhance performance, corporate reputation transparency acting as mediators. Media oversight executive compensation positively moderate relationship between In competitive industries, influence more pronounced than their effect context politically connected firms, have reduced no significant difference addition, ownership structure heterogeneous, promoting private firms but not state-owned enterprises. Originality/value enhances understanding funds’ investment logic, provides deeper insights into role fostering sustainable development extends application institutional logic enterprise management.

Language: Английский

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Spillover Effects of Corporate External Financing: The Role of Vietnamese Climate Policy and Carbon Performance

Business Strategy & Development, Journal Year: 2025, Volume and Issue: 8(2)

Published: March 29, 2025

ABSTRACT This study examines the impact of climate policy on external financing 557 listed companies in Vietnam, along with spillover effects among firms based their carbon performance. Two key metrics, including Clean Development Mechanism (CDM) and Corporate Carbon Disclosure (CCD) are employed to evaluate performance these businesses. Utilizing a Difference‐In‐Differences (DiD) model, findings indicate that positively influences engaged CDM those demonstrating high levels CCD. Furthermore, results from Vector Autoregressions rolling windows (VAR) model reveal Vietnam interconnected benefit other participants. Similarly, CCD show strong interconnectedness mutually advantageous interactions. These provide actionable insights for businesses policymakers, highlighting importance incorporating companies' environmental into financial decisions adjustments within Vietnamese context.

Language: Английский

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Annual report text’s positive tone and corporate green innovation: Evidence from China

PLoS ONE, Journal Year: 2024, Volume and Issue: 19(7), P. e0306184 - e0306184

Published: July 29, 2024

From the perspective of annual report text information, we study relationship between text’s positive tone and corporate green innovation. Taking listed companies from 2010 to 2022 as a sample, found that significantly improves company’s innovation while improving quantity quality The mechanism test shows main channels are easing financing constraints enhancing external attention. Regarding heterogeneity analysis, has more significant effect on in with high economic policy uncertainty non-heavily polluting industries. Finally, can ultimately improve long-term value through Our enriched theoretical research provided empirical evidence for promoting enterprise

Language: Английский

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Promises vs. Profits: The long-term impact of performance commitments in M&As

Applied Economics Letters, Journal Year: 2024, Volume and Issue: unknown, P. 1 - 5

Published: Nov. 28, 2024

This study utilizes data from Chinese listed companies to investigate the relationship between performance commitments in mergers and acquisitions (M&A) long-term excess returns. Our results indicate that entering into commitment contracts during M&A process can significantly boost return rates one year after M&A. However, effect becomes negative three years of Mechanism analysis shows enhance managerial short-sightedness negatively impact perceived company performance.

Language: Английский

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