How does corporate R&amp;D investment respond to climate policy uncertainty? Evidence from heavy emitter firms in the United States

Hoang, Khanh

doi:10.1002/csr.2246

Cited by 49 publications

(19 citation statements)

References 46 publications

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“…First, this paper finds that climate policy uncertainty is helpful to promote corporate green innovation performance, which is different from the research (Hoang, 2022). And this finding challenges the existing view that climate policy uncertainty has a negative effect on micro‐enterprise behaviors and verifies the growth option theory and the dynamic capability theory.…”

Section: Discussioncontrasting

confidence: 88%

“…In this paper, the contributions are mainly in the following areas: Firstly, it contributes to deeply understanding the impact of climate policy uncertainty on corporate green innovation performance in the context of China. It is different from the existing research of Hoang (2022) on R&D investment in climate policy uncertainty in heavy‐emitter firms. In this paper, we find that climate policy uncertainty is conducive to helping enterprises improve green innovation performance in China.…”

Section: Introductioncontrasting

confidence: 77%

“…Few studies consider the impact of climate policy uncertainty on corporate green innovation performance. Only Hoang (2022) indicates that climate policy uncertainty exerts a negative impact on R&D investment in heavy‐emitter firms. It cannot be ignored that climate policy uncertainty has a duality of opportunities and challenges (Liu et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

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Climate policy uncertainty and corporate green innovation performance: From the perspectives of organizational inertia and management internal characteristics

Huo

Liu

2023

Manage Decis Econ

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The impact of policy uncertainty caused by climate change has attracted widespread attention, but there are few studies on the relationship between climate policy uncertainty and corporate green innovation performance. This paper uses a sample of the A‐share listed companies in Shanghai and Shenzhen from 2007 to 2020 to explore the impact of climate policy uncertainty on corporate green innovation performance. And this paper also studies the moderating effect of organizational inertia and the joint moderating effects of managerial openness and organizational inertia, as well as managerial risk‐taking propensity and organizational inertia. The results show that climate policy uncertainty positively affects corporate green innovation performance. And organizational inertia can positively moderate the impact of climate policy uncertainty on corporate green innovation performance. Besides, managerial openness and organizational inertia, as well as managerial risk‐taking propensity and organizational inertia, jointly moderate the impact of climate policy uncertainty on corporate green innovation performance. When both managerial openness and organizational inertia are higher, the positive impact of climate policy uncertainty on corporate green innovation performance is the strongest. When both managerial risk‐taking propensity and organizational inertia are lower, the positive impact of climate policy uncertainty on corporate green innovation performance is the weakest.

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Section: Discussioncontrasting

confidence: 88%

Section: Introductioncontrasting

confidence: 77%

Section: Introductionmentioning

confidence: 99%

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Climate policy uncertainty and corporate green innovation performance: From the perspectives of organizational inertia and management internal characteristics

Huo

Liu

2023

Manage Decis Econ

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“…As countries around the world increasingly implement TCFD‐aligned disclosure, Taiwanese companies must take the initiative to position themselves to thrive in the ever‐changing international business environment. This is complicated by the inability of government agencies and policy to keep pace with current changes (Birindelli & Chiappini, 2021; Hoang, 2022). Interviewee C9 noted, “Instead, our company is a bit worried about going too fast in TCFD alignment.…”

Section: Findings and Discussionmentioning

confidence: 99%

How does the research community contribute to corporate climate‐related risk disclosures? The gap between ideals and reality

Lee

Kuo

Hsu

et al. 2022

Corp Soc Responsibility Env

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Since the inception of the Task Force on Climate Related Financial Disclosures (TCFD) and its publication of a series of guidelines to instruct companies how to respond to climate change, physical and transition risks have become must-know terms for businesses around the world. The development of various physical and transition risk assessment tools has become an urgent task for not only climate service companies but also for the scientific research community. Nevertheless, there is still an obvious gap between the contribution of the scientific research community and enterprise needs for clarification of the TCFD requirements. This article draws on interviews from representatives of more than a dozen related corporations and institutions in Taiwan, including private firms, research units, and industry associations, to understand and summarize their experience and expectations for the research community's contributions to TCFD alignment. The interview findings point out that physical risk assessment, transition risk assessment, data/information disclosure and integration, and policies and systems are the most concerned aspects of the interviewees. Based on these findings, the paper then provides suggestions for improvement by the research community, policy makers, and decision makers, including appropriate policies and systems, localized high-quality climate services, and international competition, helping to effectively bridge the gap between daily research work and external expectations for the research results.

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“…In addition to the intensity of government regulation, which has a direct impact on business operations, changes in the policies it formulates will also inevitably affect the external economic environment of companies, which in turn affects their strategic decision‐making behavior (Hoang, 2022). Based on this, this paper considers the characteristics of greenwashing as a business strategy and incorporates the external economic and environmental policy uncertainties into the greenwashing governance framework to examine the current situation of “common” governance between the media and the company in the context of different policy environments.…”

Section: Further Analysismentioning

confidence: 99%

How does multi‐agent govern corporate greenwashing? A stakeholder engagement perspective from “common” to “collaborative” governance

Wang

Sun

Zhu

et al. 2022

Corp Soc Responsibility Env

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Greenwashing is an obstacle to the sustainable development of society, but the current governance of greenwashing is still a “common” governance, not a “collaborative” governance. Accordingly, this study focuses on the three stakeholders of greenwashing governance: company, media and government. Using a sample of listed companies that have published social responsibility reports from 2014 to 2018, this study analyzes the influence mechanism of media reports on greenwashing and discusses the moderating role of government regulation and mediating role of internal supervision. This study finds that internal supervision plays a hiding role in the process of media reports reducing greenwashing, but government regulation has a weakening effect on this hiding effect, showing a “common” governance. Simultaneously, this “common” governance is heterogeneous across time (i.e., corporate life cycle), space (i.e., spatial spillovers) and environment (i.e., the uncertainty of corporate external policies). However, when the cooperation between the government and the media is strengthened, the hiding behavior of the companies is suppressed and the performance of greenwashing governance is improved, so that “collaborative” governance is achieved. Against this backdrop, this study provides a macro‐to‐micro governance policy framework for corporate greenwashing from the four dimensions of strategy, systems, tools, and information to achieve “collaborative” governance. This study enriches the research on the corporate greenwashing governance and has practical implications for the government, media and other stakeholders.

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How does corporate R&D investment respond to climate policy uncertainty? Evidence from heavy emitter firms in the United States

Cited by 49 publications

References 46 publications

Climate policy uncertainty and corporate green innovation performance: From the perspectives of organizational inertia and management internal characteristics

Climate policy uncertainty and corporate green innovation performance: From the perspectives of organizational inertia and management internal characteristics

How does the research community contribute to corporate climate‐related risk disclosures? The gap between ideals and reality

How does multi‐agent govern corporate greenwashing? A stakeholder engagement perspective from “common” to “collaborative” governance

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