Sustainability,
Год журнала:
2025,
Номер
17(5), С. 2271 - 2271
Опубликована: Март 5, 2025
This
paper
examines
the
impact
of
government-led
green
certification
on
enterprise
transformation,
utilizing
data
from
A-share-listed
firms
in
China
and
focusing
Green
Factory
Certification
program
launched
by
Ministry
Industry
Information
Technology
2016.
We
find
that
has
a
significant
environmental
incentive
effect,
with
certified
factories
significantly
accelerating
transformation
compared
to
non-certified
enterprises.
These
findings
provide
strong
response
ongoing
debate
regarding
performance
policies.
Unlike
general
certification,
incorporates
both
internal
incentives
external
monitoring.
factory
reduces
financing
costs
promotes
innovation,
while
also
attracting
attention
investors
media
scrutiny,
which
turn
accelerates
transformation.
Additionally,
differential
effects
The
effect
is
more
pronounced
regions
high
public
concern,
non-heavily
polluting
industries,
non-state-owned
enterprises,
large-scale
broadens
policy
pathways
for
perspective
offering
valuable
insights
promoting
such
transformations.
Chinese Management Studies,
Год журнала:
2025,
Номер
unknown
Опубликована: Фев. 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.
Sustainability,
Год журнала:
2025,
Номер
17(5), С. 2185 - 2185
Опубликована: Март 3, 2025
To
address
the
challenge
of
achieving
coordinated
development
between
economy
and
environment
in
context
a
green
economy,
this
study
utilized
SBM-GML
model
to
assess
total
factor
carbon
productivity
across
30
provinces
China
from
2012
2021.
This
assessment
aimed
quantify
index
low-carbon
elucidate
its
spatial
characteristics.
The
findings
indicate
following:
(1)
transition
China’s
exhibit
agglomeration
characteristics;
however,
there
are
notable
disparities
degree
different
regions.
(2)
influence
investments
on
economic
advancement
both
local
adjacent
regions
exhibits
distinct
nonlinear
attributes,
with
impact
being
more
pronounced
than
neighboring
effect.
(3)
Innovation
technologies
serves
as
partial
intermediary
relationship
investment
advancement.
(4)
Different
types
have
heterogeneous
impacts
development.
Business Strategy and the Environment,
Год журнала:
2025,
Номер
unknown
Опубликована: Март 3, 2025
ABSTRACT
In
the
era
where
environmental,
social,
and
governance
(ESG)
practices
are
critical
for
corporate
sustainability
long‐term
competitiveness,
understanding
drivers
of
ESG
performance
remains
a
pressing
challenge.
While
CEOs'
key
role
in
shaping
organizational
strategies,
little
is
known
about
how
diversity
their
functional
experiences
influences
outcomes.
To
fill
gap,
this
study
draws
on
upper
echelons
theory,
managerial
entrenchment
thesis,
theory
to
explore
CEO
experience
impacts
performance.
Utilizing
dataset
Chinese
listed
companies
from
2010
2022
employing
OLS,
PSM,
Heckman
two‐step
regression
models,
we
find
that
CEOs
with
diverse
enhance
However,
positive
relationship
moderated
by
contextual
factors:CEO–board
friendship
ties
within
firms
weaken
association,
while
heightened
media
attention
strengthens
it.
Furthermore,
effect
more
pronounced
manufacturing
non‐SOEs,
demonstrate
greater
motivation
competence
drive
initiatives.
By
exploring
affects
firms'
contingencies
moderating
effect,
advances
theoretical
provides
actionable
insights
improving
perspective
strategic
leadership.
Sustainability,
Год журнала:
2025,
Номер
17(5), С. 2271 - 2271
Опубликована: Март 5, 2025
This
paper
examines
the
impact
of
government-led
green
certification
on
enterprise
transformation,
utilizing
data
from
A-share-listed
firms
in
China
and
focusing
Green
Factory
Certification
program
launched
by
Ministry
Industry
Information
Technology
2016.
We
find
that
has
a
significant
environmental
incentive
effect,
with
certified
factories
significantly
accelerating
transformation
compared
to
non-certified
enterprises.
These
findings
provide
strong
response
ongoing
debate
regarding
performance
policies.
Unlike
general
certification,
incorporates
both
internal
incentives
external
monitoring.
factory
reduces
financing
costs
promotes
innovation,
while
also
attracting
attention
investors
media
scrutiny,
which
turn
accelerates
transformation.
Additionally,
differential
effects
The
effect
is
more
pronounced
regions
high
public
concern,
non-heavily
polluting
industries,
non-state-owned
enterprises,
large-scale
broadens
policy
pathways
for
perspective
offering
valuable
insights
promoting
such
transformations.
