Why firms go green and how green impacts financial and innovation performance differently: An awareness-motivation-capability perspective

Shu, Chengli; Zhao, Mengli; Liu, Jinxin; Lindsay, Wendy

doi:10.1007/s10490-018-9630-8

Cited by 45 publications

(36 citation statements)

References 69 publications

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“…Enterprises from emerging economies have the advantage of later development in terms of global advances in green innovation and can acquire advanced technology and knowledge through research and development (R&D) internalization. Therefore, more and more enterprises from emerging economies look beyond their own boundaries for technology, knowledge, and other resources to meet the demand for innovation [8][9][10][11][12], such as Huawei, ZTE, TCL, Haier, and SAIC. Companies like these try to stimulate green innovation through R&D internationalization activities, such as establishing a network with global R&D talents and acquiring and absorbing external advanced knowledge [13].…”

Section: Introductionmentioning

confidence: 99%

R&D Internationalization and Green Innovation? Evidence from Chinese Resource Enterprises and Environmental Enterprises

Zhang

2019

Sustainability

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Although the importance of external involvement has been recognized in product and technology innovation, whether research and development (R&D) internationalization stimulates green innovation and under what conditions it is more effective is still unclear. To address this research gap, this study uses knowledge-based theory to explore the effect of R&D internationalization on green innovation and the moderating roles of state ownership and international experience. We examine the research hypotheses using panel data of 19,273 Chinese resource enterprises (REs) and environmental enterprises (EEs) spanning three years. The results indicate that R&D internationalization has a negative effect on green innovation in REs and EEs. Additionally, we identified a negative moderating effect of state ownership and a positive moderating effect of internationalization experience on the relationship between R&D internationalization and green innovation, which suggests that the effect is contingent on the corporation’s ownership and capability in dealing with the complexities and uncertainties inherent in international business.

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Section: Introductionmentioning

confidence: 99%

R&D Internationalization and Green Innovation? Evidence from Chinese Resource Enterprises and Environmental Enterprises

Zhang

2019

Sustainability

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“…However, green political influence could be better accommodated by domestic venturing as it opens local markets in which to utilise the context-specific practices of green political influence and enhances connections with government officials, providing more opportunities to exert green political influence. This study, therefore, reveals that the impact of PESs on firm performance may not be as straightforward as explicated in the literature (McDougall, 1989;McDougall et al, 2003;Menguc et al, 2010;Shu et al, 2016Shu et al, , 2019b, but instead depends on the proper alignment between types of PESs and types of corporate venturing activities. As such, our study is one of few to integrate the literature on PES and corporate venturing to explicate when a particular type of PES is positive or negative for firm performance under varying conditions.…”

Section: Resultsmentioning

confidence: 59%

“…As firm age and size are related to a firm's green strategies and performance (Hockerts and Wüstenhagen, 2010), we controlled for firm age (the natural logarithm of the firm's years in operation) and firm size (the natural logarithm of the number of employees). State ownership may influence a firm's strategies and operations in China (Shu et al, 2019b), so we used a dummy variable to represent state-owned enterprises (SOEs ¼ 1) and other enterprises (non-SOEs ¼ 0). As a firm's PES and performance vary across industries (Zahra, 1996), we controlled for industry type, classifying firms as operating in high-technology (1) or low-technology (0) industries and in manufacturing (1) or nonmanufacturing (0) industries.…”

Section: Methodsmentioning

confidence: 99%

Proactive environmental strategy and firm performance: The moderating role of corporate venturing

Shu¹,

Liu²,

Zhao

et al. 2020

International Small Business Journal: Researching Entrepreneurs

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This article investigates how two types of proactive environmental strategies (PESs) – proactive green management and green political influence – affect firm performance directly and under varying conditions characterising corporate venturing activities (domestic versus international). The results obtained by analysing a multi-informant dataset reveal that proactive green management has a stronger positive impact on firm performance than green political influence does. Moreover, international venturing has a greater positive moderating effect than domestic venturing on the link between proactive green management and firm performance, whereas, domestic venturing has a stronger positive moderating effect than international venturing on the relationship between green political influence and firm performance. This article contributes by differentiating between two important forms of corporate venturing, by distinguishing two important types of PESs and by offering a more granular framework for aligning corporate venturing activities with PESs.

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“…Corporate green culture creates a good atmosphere for corporate green innovation. Shu et al (2020) believed that green management has a stronger positive effect on innovation than on financial performance [43]. Agricultural enterprises can promote green product innovation and process innovation with green structure capital.…”

Section: The Mediation Effect Of Green Innovationmentioning

confidence: 99%

How Can Agricultural Corporate Build Sustainable Competitive Advantage through Green Intellectual Capital? A New Environmental Management Approach to Green Agriculture

Pan

Jiang

Wang

et al. 2021

IJERPH

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Based on natural resource-based theory, this study constructed a relational model between green intellectual capital, green innovation, and an agricultural corporate sustainable competitive advantage. The samples included a total of 341 agricultural companies in China, and multiple regression methods are used for the analysis. The results showed that green product innovation and green process innovation had a mediation effect between green human capital, green structural capital, green relational capital, and the sustainable competitive advantage of agricultural corporate. Beyond the simple moderation effect, a new integrated moderated-mediation effect model was established. It was shown that environmental leadership, green organizational identification, and green dynamic capability had different moderated-mediation effects under different conditions. The study is expected to close the previous research gaps and insufficiency in agricultural corporate environmental management and green agricultural. The empirical results and conclusions bring enlightenment and meaningful theoretical guidance to managers, researchers, practitioners, and policy makers in the green and sustainable development of agricultural corporates. The new environmental management path can help agricultural corporates conduct green innovation effectively, adapt to the green agricultural products market, and achieve sustainable competitive advantage. Ultimately, this will help to accelerate the development of green agriculture.

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Why firms go green and how green impacts financial and innovation performance differently: An awareness-motivation-capability perspective

Cited by 45 publications

References 69 publications

R&D Internationalization and Green Innovation? Evidence from Chinese Resource Enterprises and Environmental Enterprises

R&D Internationalization and Green Innovation? Evidence from Chinese Resource Enterprises and Environmental Enterprises

Proactive environmental strategy and firm performance: The moderating role of corporate venturing

How Can Agricultural Corporate Build Sustainable Competitive Advantage through Green Intellectual Capital? A New Environmental Management Approach to Green Agriculture

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