Executive green investment vision, stakeholders’ green innovation concerns and enterprise green innovation performance

Abstract

During the 14th Five Year Plan period, the green transformation of China’s economic growth mode has become the top priority under the carbon peak and carbon neutrality goal. As an important focus of green transformation and development, manufacturing enterprises need to carry out green innovation to cope with the dual pressure of resource and environmental constraints and supply side structural contradictions. Based on the perspective of business ecosystem theory, this study uses fsQCA method to analyze the A-share listed manufacturing enterprise clusters in China’s Yangtze River Delta economic belt and the middle reaches of the Yellow River economic belt. The research found that: 1) Manufacturing enterprises engaged in green innovation has the characteristics of multi causality and concurrence, and there are mainly four driving paths of high performance level. 2) The vision of management and investment is the core supporting factor of green innovation performance. The business ecosystem structure, which combines environmental supervision and competitors’ green innovation concerns, is the core driving structure of enterprise green innovation. 3) Compared with the academic experience of senior executives, the driving effect of environmental investment plays a greater role in improving the level of innovation performance. The innovation of this study is to introduce the green investment vision of managers and the green innovation concerns of stakeholders into the research framework of green innovation driving paths of manufacturing enterprises, explore different green innovation paths across case sets, and discuss the heterogeneity of the impact of each path on the level of green innovation performance, providing a practical plan of green innovation for managers of manufacturing enterprises, and help them understand which business ecosystem elements can promote efficient green innovation.

Impact of independent director network on corporate green innovation: Evidence from Chinese listed companies

“…Based on stakeholder theory, green innovation behavior is not only driven by institutional pressure, but also influenced by other stakeholders such as investors, competitors, consumers, suppliers, and the public (Ilg, 2019; Lin et al, 2014; Qi et al, 2013; Singh et al, 2022; Wan et al, 2022). To meet the environmental requirements of consumers, suppliers, and partners, companies tend to adopt green innovation initiatives to improve their environmental performance (Zhang et al, 2008; Zhang et al, 2015).…”

Fiscal Decentralization, Enterprise Digital Transformation and Enterprise Green Innovation—The Case of 11 Years A-Share Listed Companies in China

“…In the study of internal influencing factors, Naveed et al [31] took 3736 annual observations of A-share listed companies in China from 2010 to 2019 as samples and found that the gender diversity of the board of directors promotes enterprise green innovation. Wan et al [32] indicated that the management vision and investment vision of enterprise managers are the core supporting factors of green innovation performance. Feng et al [33] built a double-fixed effect model and found that digital transformation significantly improves the green innovation level of enterprises.…”

The impact of degree of internationalization of MNEs on green innovation performance: The moderating role of absorptive capacity and global dynamic management capability

“…On the contrary, in regards to the depth of internationalization, we propose that the depth of internationalization can have a negative impact on green innovation performance of MNEs for the following reasons: First, green innovation entails the process of efficiency improvement as well as energy conservation (Nie et al, 2022; Vasileiou et al, 2022). Therefore, green innovation needs to integrate information and resources from various fields and markets (Wan et al, 2022). However, the depth of internationalization hinders the opportunities and channels for multinational enterprises to obtain information from multiple overseas markets, which ultimately limits the information obtained and hinders the performance of green innovation.…”

“…In light of the deteriorating ecological conditions, firms have come to realize that traditional environmental efforts are inadequate to keep up with today's environmental standards. Therefore, an essential solution for them is to carry out green innovation, which means developing new models, systems, and products with the intention of cutting down on resource consumption and reducing ecological damage (Berrone et al, 2013; Wan et al, 2022).…”