Does CEO information technology background promote substantive green innovation or strategic green innovation?

Su, Yumin; Liu, Zhenwei; Liang, Shi

doi:10.1080/09537325.2023.2289393

Cited by 2 publications

(2 citation statements)

References 33 publications

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“…(2) Hypotheses 2 and 3 were substantiated, demonstrating that the alleviation of financing constraints and the enhancement of risk-taking capabilities are pivotal mechanisms through which ESG ratings encourage green innovation in enterprises within heavily polluting industries. These conclusions draw primarily upon the concept of information asymmetry and align with the perspectives and analytical framework presented by Wu et al [42]. (3) Moreover, our research suggests that ESG ratings do not markedly enhance green innovations in SMEs and SOEs operating within heavily polluting sectors.…”

Section: Conclusion and Policy Recommendationssupporting

confidence: 83%

“…The most prevalent indicator for measuring green innovation in enterprises in existing studies is the quantity of green patent applications filed [41]. Based on this approach, this research adopts the measurement method of Su et al We construct the number of green patent applications and patent citations as the explanatory variable [42].…”

Section: Descriptions Of Variablesmentioning

confidence: 99%

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Can Environmental, Social, and Governance Ratings Promote Green Innovation in Chinese Heavy Polluters? Perspectives from “Greening” Behaviors

Zhang,

Ji,

Wang

2024

Sustainability

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Environmental, social, and governance (ESG) ratings are gaining momentum in China, but their capacity to induce green innovation among heavy polluters remains to be proven. Based on the green patent data from listed heavy-polluting enterprises in China from 2010 to 2020, this paper empirically analyzes the mechanism of ESG ratings and their impact on green innovation using a multi-temporal double-difference method. The findings indicate that ESG ratings effectively promote green innovation in heavily polluting firms. The mechanism test reflects that ESG ratings can enhance the enterprises’ green innovation capacities by alleviating their financing constraints and enhancing their corporate risk-taking abilities. Further analysis reveals that the incentive effect of ESG ratings on green innovation lies in considering both source control and end-of-pipe management by addressing their environmental responsibilities and actively engaging in green innovation activities. This facilitative effect is more significant in non-state-owned enterprises (NSOEs) and large-scale enterprises. Overall, these insights provide empirical evidence to advance green innovation in heavy-polluting enterprises.

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Section: Conclusion and Policy Recommendationssupporting

confidence: 83%

Section: Descriptions Of Variablesmentioning

confidence: 99%