Green merger and acquisition and green technology innovation: Stimulating quantity or quality?

Zhang, Yan; Sun, Ziyuan; Zhou, Yiqiang

doi:10.1016/j.eiar.2023.107265

Cited by 14 publications

(2 citation statements)

References 65 publications

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“… 21 , 22 However, severe environmental vulnerabilities have also been generated by rapid economic growth. 23 , 24 In 2018, 75.1% of the 338 cities in China exceeded air quality standards, with severe or higher levels of pollution occurring 2,721 times. 25 Moreover, the economic losses caused by pollution in China amounted to RMB 2 trillion in 2015, which was expected to rise.…”

Section: Introductionmentioning

confidence: 99%

“… 34 Vigorously promoting the cultivation of new drivers of economic growth and upgrading innovation are crucial for advancing the economic transition toward sustainable development. 24 , 35 HI emphasizes market subjectivity and aligns with China’s emphasis on efficiency, fairness, and environmentally sustainable development. 7 Therefore, promoting HI development is beneficial for addressing environmental issues while establishing an economically viable green mode of production and lifestyle.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Mitigating environmental pollution in China: Unlocking the potential for high-quality innovation

Wang,

Wen,

Tang

et al. 2024

iScience

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Mitigating environmental pollution in China: Unlocking the potential for high-quality innovation

Wang,

Wen,

Tang

et al. 2024

iScience

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How to select green technology acquisition paths for enterprises: An analysis based on evolutionary game theory

Ning,

Zheng,

et al. 2024

Manage Decis Econ

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As an important method of reducing pollution, green technology innovation (GTI) is receiving more attention. However, facing the challenges in conducting GTI, it is crucial for enterprises to find the optimal path to acquire green technology. This paper investigates how high‐pollution manufacturing enterprises make decisions on independent innovation and green technology introduction under government intervention and public involvement. The influences of other factors, such as media attention and product market competition, have also been considered in the tripartite evolutionary game model. The simulation after applying MATLAB indicates that government intervention and public participation have a significant impact on the decision‐making of green technology acquisition paths for enterprises. Government subsidies and penalties are important policy tools for enterprises to make decisions on the selection of green technology acquisition paths. Meanwhile, reputational incentives or losses brought from public involvement are also essential in encouraging government intervention and green technology acquisition of enterprises. Finally, the extent to which the changes in various influencing factors affect the selection of enterprises' green technology acquisition paths have been tested and simulated. This paper aims to provide policy implications for governments, as well as decision‐making strategies for enterprises that urgently require green transition to achieve sustainable development.

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Can green technology mergers and acquisitions enhance sustainable development? Evidence from ESG ratings

Zhang,

Sun,

Sheng

et al. 2024

Sustainable Development

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In order to better understand the impact of green technology mergers and acquisitions (GTMA) on sustainable development, the difference‐in‐differences model is applied to investigate the direct impact and underlying mechanisms of GTMA on the environment, society, and governance (ESG) in China. Additionally, we established a two‐dimensional framework of “market versus government” to analyze the heterogeneity. The results show that: (1) GTMA is positively aligned with greater ESG performance, indicating that GTMA is an effective way to enhance sustainable development. (2) GTMA fosters ESG performance by boosting green subsidies (i.e., signal transmission channel), lowering financing costs (i.e., impression management channel), and enhancing green innovation (i.e., technology synergy channel). (3) The positive relationship is largely dependent on the collaborative supervision environment (i.e., “strong” market and “strong” government) and the appropriate policy environment (i.e., “big” market and “small” government). (4) Furthermore, GTMA carries significant spillover effects, with other enterprises in the same industry improving their ESG performance. Additionally, this paper proposes targeted directions for the government and enterprises to take advantage of GTMA dividends to realize superior ESG performance.

show abstract

Green merger and acquisition and green technology innovation: Stimulating quantity or quality?

Cited by 14 publications

References 65 publications

Mitigating environmental pollution in China: Unlocking the potential for high-quality innovation

Mitigating environmental pollution in China: Unlocking the potential for high-quality innovation

How to select green technology acquisition paths for enterprises: An analysis based on evolutionary game theory

Can green technology mergers and acquisitions enhance sustainable development? Evidence from ESG ratings

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