Does media coverage influence firm green innovation? The moderating role of regional environment

Chen, Zan; Jin, Jun; Li, Meng

doi:10.1016/j.techsoc.2022.102006

Cited by 78 publications

(28 citation statements)

References 81 publications

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“…This is because the uncertainty has a negative impact on the macroeconomy, as it intensifies the changes in key macroeconomic variables, that is, financial assets, stock prices, economic output, and employment (Pan et al, 2021). Moreover, uncertainty inhibits the investment of enterprises, increases financing costs for enterprises, and affects the psychological expectation of enterprises on the market (Chen et al, 2022). Therefore, policy uncertainty hinders enterprise innovation.…”

Section: Determinants Of Enterprises' Green Innovationmentioning

confidence: 99%

CEO educational attainment, green innovation, and enterprise performance: Evidence from China’s heavy-polluting enterprises

Zhang

Gou

et al. 2022

Front. Environ. Sci.

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Our study explores how CEOs’ educational attainment affects green innovation at the enterprise level and whether CEO educational attainment and green innovation can improve enterprise performance. To date, few studies have used environmental patents of listed companies to measure green innovation at the micro-level. Furthermore, existing studies have rarely considered the heterogeneity of the enterprise type or social responsibility and institutional intervention. Thus, by using a fixed-effects model, we argue that there is a positive relationship between CEO educational attainment and green innovation. Additionally, CEO education level significantly improves enterprise performance which leads to more sustainable green patent output by influencing green innovation based on data from listed companies in heavily polluting industries in Shanghai and Shenzhen from 2010 to 2018. Moreover, the result is still held after controlling for companies’ fixed effects and using the propensity score matching method (PSM) to eliminate endogenous and sample selection bias. Specifically, we demonstrate the following findings: 1) the positive influence of CEOs’ educational attainment on green innovation behavior is more significant in private enterprises and enterprises with higher social responsibility. 2) Strict environmental legislation can make a positive impact in regions with heavy environmental pollution. 3) Enterprises’ performance and sustainable environmental innovation are promoted by the positive mechanism. Our results not only enrich the literature on the relationship between education and innovation in terms of heterogeneity but also have significance in determining how to reduce pollution from the perspective of environmental governance and enterprise management.

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Section: Determinants Of Enterprises' Green Innovationmentioning

confidence: 99%

CEO educational attainment, green innovation, and enterprise performance: Evidence from China’s heavy-polluting enterprises

Zhang

Gou

et al. 2022

Front. Environ. Sci.

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“…In addition, there is a large body of literature that examines the influencing factors of green technology innovation. Reviewing this literature, it can be seen that factors influencing green technology innovation can be chiefly divided into two categories: external factors, such as environmental regulations [ 8 , 9 ] and media attention [ 10 , 11 ], and internal factors, such as business models used [ 12 ] and the corporate image [ 13 ]. Among them, the impact of environmental regulations on green technology innovation has been the focus of many studies.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Human Capital on Green Technology Innovation—Moderating Role of Environmental Regulations

Zhang

2023

IJERPH

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Green technology innovation can bring about dual benefits, i.e., technological progress and energy conservation, as well as emission reduction, which are regarded as effective means to achieve economic development and environmental protection. The influencing factors of green technology innovation have been studied from multiple angles. In order to promote the level of green technology innovation in China from a new perspective, this paper selected human capital as the independent variable, and empirically investigated the direct impact of educational and healthy human capital on green technology innovation, based on the panel data of 30 Chinese provinces (excluding Hong Kong, Macao, Taiwan and Tibet) from 2006 to 2016. Meanwhile, considering the current environmental policy system in China, this paper took environmental regulations as moderating variables, and analyzed the moderating role of three environmental regulations, namely, command-and-control environmental regulations, market-incentivized environmental regulations, and public voluntary environmental regulations, in the impact of human capital on green technology innovation. It was found that (1) educational human capital, with a three-period lag, and healthy human capital significantly promotes green technology innovation; (2) command-and-control environmental regulations, with a one-period lag, and market-incentivized environmental regulations promote green technology innovation, while public voluntary environmental regulations have an insignificant impact on green technology innovation; (3) the moderating effect of command-and-control and market-incentivized environmental regulations in the impact of human capital on green technology innovation is not significant. For public voluntary environmental regulations, the moderating effect between educational human capital and green technology innovation is significantly negative, while the moderating effect of healthy human capital on green technology innovation is not significant.

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“…Open cooperation can help manufacturing enterprises acquire key technologies, shorten the innovation cycle and reduce innovation costs and risks [4]. The change of the digital environment accelerates the breaking of the endogenous logic in the closed green innovation mode [8]. On the one hand, the use of digital green technology has expanded from within the same manufacturing enterprise to local and remote manufacturing enterprises [9].…”

Section: Introductionmentioning

confidence: 99%

“…On the one hand, the use of digital green technology has expanded from within the same manufacturing enterprise to local and remote manufacturing enterprises [9]. On the other hand, the source and use of funds has also expanded from a single digital green R&D investment to the investment of external digital green innovation (DGI) risk assets [8]. This creates a more flexible logic of DGI.…”

Section: Introductionmentioning

confidence: 99%

Insight into the Balancing Effect of a Digital Green Innovation (DGI) Network to Improve the Performance of DGI for Industry 5.0: Roles of Digital Empowerment and Green Organization Flexibility

Yang

Yin

2022

Systems

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Under the background of double carbon target and digital intelligence era, the innovation resources and innovation environment that manufacturing enterprises rely on have shown exponential growth. Digital green innovation (DGI) has gradually become the mainstream paradigm of innovation. How to achieve a balance between a local DGI network (LDGIN) and a remote DGI network (RDGIN) and how to use the role of digital empowerment and green organization flexibility to improve the performance of DGI are very important issues facing manufacturing enterprises at present. However, this problem has not been fully addressed in the existing research. In this study, the influence mechanism of LDGIN and RDGIN on the DGI performance of manufacturing enterprises was revealed, considering the moderating role of digital empowerment and green organization flexibility. The linear regression method was used to analyze the 562 valid data obtained by questionnaire survey. The results of this study are as follows. The effect of the DGI network on manufacturing enterprises’ DGI performance is heterogeneous because of LDGIN and RDGIN. The establishment of embedded links in a DGI network inevitably requires manufacturing enterprises to pay the corresponding costs. The over-embedding of manufacturing enterprises into RDGIN will have a negative impact on DGI performance. The balance between LDGIN and RDGIN has an important impact on manufacturing enterprises’ operation. The comprehensive balance and relative balance indexes constructed in this paper show that an appropriate balance can promote the improvement of the DGI performance of manufacturing enterprises. Digital transformation and organizational structure innovation are changing the business model of manufacturing enterprises and can regulate the relationship between the LDGIN and RDGIN and the DGI performance of manufacturing enterprises. The balance of DGI network embedding in practice shows the important role and enlightening significance of local and remote search in developing countries.

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Does media coverage influence firm green innovation? The moderating role of regional environment

Cited by 78 publications

References 81 publications

CEO educational attainment, green innovation, and enterprise performance: Evidence from China’s heavy-polluting enterprises

CEO educational attainment, green innovation, and enterprise performance: Evidence from China’s heavy-polluting enterprises

The Impact of Human Capital on Green Technology Innovation—Moderating Role of Environmental Regulations

Insight into the Balancing Effect of a Digital Green Innovation (DGI) Network to Improve the Performance of DGI for Industry 5.0: Roles of Digital Empowerment and Green Organization Flexibility

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