“…First, GDC can enhance firm performance by facilitating the identification and exploitation of green opportunities through the development of innovative processes, products, and services (Chen & Chang, 2013; Chmielewski & Paladino, 2007; Girod & Whittington, 2017; Li & Liu, 2014; Teece, 2007; Yousaf, 2021), thereby potentially increasing market share and revenue (Chen & Chang, 2013). Second, GDC can enhance a firm's agility, effectiveness, and efficiency in responding to changes in its environment (Garay et al, 2017; Helfat & Peteraf, 2003; Rodrigues & Gohr, 2021; Teece, 2014, 2018a; Zhou et al, 2019). This can further improve the firm's performance by enabling its ability to capitalize on revenue‐generating opportunities and optimize operations for cost reduction (Drnevich & Kriauciunas, 2011; Teece, 2018a).…”