Green Finance, International Technology Spillover and Green Technology Innovation: A New Perspective of Regional Innovation Capability

Cheng, Pengfei; Choi, Baek-Ryul; Huan, Xingang

doi:10.3390/su15021112

Cited by 15 publications

(9 citation statements)

References 54 publications

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“…Considering the variability in patent R&D cycles, review durations, and sector-specific factors that could lead to the absence of green patent production within the designated timeframe and potentially skew results [75], this study excludes firms that have neither applied for nor cited green patents. The outcomes, as depicted in columns ( 5) and ( 6) of Table 3, display that the coefficient for DIG remains substantially positive, underscoring the reliability of this study's conclusions.…”

Section: Refinement Of Sample Selectionmentioning

confidence: 99%

Nexus between Corporate Digital Transformation and Green Technological Innovation Performance: The Mediating Role of Optimizing Resource Allocation

Liu,

2024

Sustainability

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Corporate digital transformation, as a key and representational component of the larger digital economy, plays a vital role in furthering both green technological innovation and the transition to a more sustainable economic model. This study collects panel data relating to firms listed on China’s A-share exchanges from 2009 to 2020 and employs textual analysis to estimate the extent of digital transformation within these organizations. It methodically examines the influence of this transformation on the volume and quality of green technological innovations. The findings reveal a substantial enhancement in both the volume and quality of green technological innovations as a result of corporate digital transformation, with a more noticeable improvement in innovation quality. This transition, driven by the mediating function of optimizing resource allocation, facilitates green technological innovation by enhancing human capital composition, curtailing information asymmetry, and augmenting investment in research and development (R&D). Heterogeneity research shows that the influence of digital transformation on green technological innovation is more pronounced in state-owned corporations, low-pollution corporations, and corporations situated in low-carbon pilot cities. Furthermore, this study discovers that the promotive influence of corporate digital transformation tends to diminish with the advancement of the corporation’s lifecycle, peaking during the growth phase. Finally, this study still has some limitations, such as its exclusive focus on Chinese corporations, the need for improvements in the measurement of digital transformation, and potential sample selection biases.

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Section: Refinement Of Sample Selectionmentioning

confidence: 99%

Nexus between Corporate Digital Transformation and Green Technological Innovation Performance: The Mediating Role of Optimizing Resource Allocation

Liu,

2024

Sustainability

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“…There is no consensus in the academic community regarding the effects of spillovers from green investments. Some studies suggest that green spillovers can lead to beneficial outcomes [24][25][26]. For example, Lu et al [24] stated that a spillover effect occurs when consumers perceive a company's activities as promoting environmental protection or sustainability.…”

Section: Inter-channel Spillover In Supply Chainsmentioning

confidence: 99%

“…Some studies suggest that green spillovers can lead to beneficial outcomes [24][25][26], while critics argue that they only result in negative effects [27]. However, the majority of scholars hold a mixed view [28,29], asserting that the outcomes of green spillovers depend on a variety of factors.…”

Section: Introductionmentioning

confidence: 99%

The Implications of the Spillover Effect Related to Green Co-Creation in a Supply Chain

Kong,

Shao,

Wang

et al. 2024

Sustainability

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Driven by environmental concerns, firms close to end-users are increasingly co-creating with customers for green product development within their supply chains. However, a challenge called “spillover” can hinder the incentive for green co-creation by these firms. This paper examines the spillover issue in a dual-channel structure, where downstream firms implement co-creation with customers for green product development. Our findings indicate that spillover from green investments can negatively impact the investing firm’s profits. However, in low-competition scenarios, spillover benefits the supplier and customers within the supply chain. Additionally, under specific circumstances, it can improve overall supply chain performance. Crucially, to safeguard the sustainability of green co-creation in supply chains and prevent detrimental co-destruction, we propose implementing revenue-sharing contracts that can generate Pareto improvements, benefiting all green supply chain members. As a result, unlike traditional intellectual property protection, which hinders spillover, this study offers an alternative strategy that is also somewhat complementary, promoting collaboration over restrictions to leverage the positive aspects of spillover.

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“…In recent years, with the continuous development of economic globalization, the competition among countries' comprehensive national strength has gradually shifted to a competition of innovation capabilities (Cheng et al, 2023;Du and Li, 2019). As enterprises, the core of their competitive advantage formation is closely tied to innovation and significant research and development investment (Polas et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Manager myopia and green technology innovation

Jian,

Tian,

et al. 2024

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PurposeWith the growing concern of various sectors of society regarding environmental issues and the promotion of sustainable development, green technology innovation is generally considered to be conducive to the long-term development of enterprises. However, because of the existence of agency problems, managers may have shortsighted behaviors. Then how will managers' shortsighted behaviors affect enterprises' green technology innovation?Design/methodology/approachThis paper uses machine learning-based text analysis methods to construct a manager myopia index based on the data from A-share listed companies on the Shanghai and Shenzhen Stock Exchanges from 2015 to 2020. We examine the impact of manager myopia on green technology innovation in companies.FindingsOur study finds that manager myopia significantly inhibits green technology innovation in companies. However, when multiple large shareholders coexist and the proportion of institutional investors' holdings is high, it can alleviate the inhibitory effect of manager myopia on green innovation. Heterogeneity tests show that the impact of manager myopia on green technology innovation is relatively significant in non-state-owned and manufacturing companies, as well as in the electricity industry. Robustness tests demonstrate that our conclusions remain valid after using propensity score matching to eliminate endogeneity problems.Originality/valueFrom the perspective of corporate governance, this paper incorporates managers' shortsightedness, multiple large shareholders and institutional investors' shareholding ratios into the same logical framework, analyzes their internal mechanisms, helps improve corporate governance, enhances green innovation capabilities and has strong implications for the implementation of national innovation-driven development strategies and the achievement of “carbon peak” and “carbon neutrality” targets.

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Green Finance, International Technology Spillover and Green Technology Innovation: A New Perspective of Regional Innovation Capability

Cited by 15 publications

References 54 publications

Nexus between Corporate Digital Transformation and Green Technological Innovation Performance: The Mediating Role of Optimizing Resource Allocation

Nexus between Corporate Digital Transformation and Green Technological Innovation Performance: The Mediating Role of Optimizing Resource Allocation

The Implications of the Spillover Effect Related to Green Co-Creation in a Supply Chain

Manager myopia and green technology innovation

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