The effects of corporate governance uncertainty on state-owned enterprises' green innovation in China: Perspective from the participation of non-state-owned shareholders

Yu, Zhen; Shen, Yiran; Jiang, Shuhui

doi:10.1016/j.eneco.2022.106402

Cited by 34 publications

(11 citation statements)

References 76 publications

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“…Research indicates that effective corporate governance can enhance resource allocation within organizations, hence bolstering the formulation of environmental initiatives [75] and enhancing their achievement of sustainable development [76]. The higher the CGL, the more transparent it is in terms of corporate operations, which can avoid risks, reduce costs, improve operational efficiency in a timely manner [23], and be more conducive to corporate green technological innovation [77]. In addition, corporate governance factors like shareholder structure, board structure, and corporate remuneration incentives can influence a company's green technology innovation [78].…”

Section: Moderating Role Of Cglmentioning

confidence: 99%

Impact of Environmental Regulation on Corporate Green Technological Innovation: The Moderating Role of Corporate Governance and Environmental Information Disclosure

Ying,

Jin

2024

Sustainability

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Environmental degradation is an important issue facing the world today. Microcosmically, green technical innovation is needed to decrease environmental pollution. Therefore, exploring the relationship between the two is of great significance for promoting environmental protection and sustainable development. Thus, this research elucidates the interaction between green innovation (GI) and environmental regulations (ERs). This study utilizes the fixed effects model to examine how government environmental protection subsidies (EPSs) in market-incentive ER and environmental management system certification (EMSC) in voluntary participatory ER affect GI among listed companies in China. The sample observation period is from 2012 to 2021. Additionally, the impact of corporate governance (CGL) and environmental information disclosure (EID) on the relationship between ERs and GI within businesses is investigated. The empirical results show that both government environmental protection subsidies and environmental management system certification positively affect green innovation, and both corporate governance and environmental information disclosure positively moderate the impact of government environmental protection subsidies and environmental management system certification on green innovation. The above empirical results are still valid after a robustness test and can guide the formulation of government ERs, as well as corporate strategies for environmental management and GI.

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Section: Moderating Role Of Cglmentioning

confidence: 99%

Impact of Environmental Regulation on Corporate Green Technological Innovation: The Moderating Role of Corporate Governance and Environmental Information Disclosure

Ying,

Jin

2024

Sustainability

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“…The findings suggest that companies with better corporate governance practices are more inclined to disclose CSR information, and media exposure can enhance the positive relationship between corporate governance and CSR disclosure. Similarly, [43] examines the relationship between corporate governance and CSR disclosure in Chinese state-owned enterprises (SOEs). The results indicate that good corporate governance practices, such as board independence and audit committee effectiveness, are positively associated with CSR disclosures in SOEs.…”

Section: Hypothesis 1 (H1)mentioning

confidence: 99%

The Moderating Effects of Corporate Social Responsibility on Corporate Financial Performance: Evidence from OECD Countries

Hamad

Çek

2023

Sustainability

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This study aims to investigate the nature and intensity of the changes in corporate financial performance due to the corporate social responsibility (CSR) disclosures as a result of certain relationships between corporate governance and company performance in the non-financial sector. This study selected 625 non-financial companies across six organizations for economic cooperations (OECD) countries’ stock markets for the period of 10 years (2012–2021). For this qualitative study, corporate governance, financial performance, and corporate social responsibility score data were collected from the DataStream, a reliable database for examining the research on OECD countries’ listed companies. For the data analysis we applied various statistical tools such as regression analysis and moderation analysis. The findings of the study show that all attributes of the corporate governance mechanism, except for audit board attendance, have significant positive impacts on financial performance indicators for all the selected OECD economies except the country France. France’s code of corporate governance has a significant negative impact on return on asset (ROA) and return on equity (ROE) due to differences in cultural and operational norms of the country. The audit board attendance has no significant impact on ROA. Moreover, all the attributes except board size (BSIZ) have significant positive impacts on the earnings per share (EPS) in Spain, The United Kingdom (UK) and Belgium. The values obtained from the moderation effect show that Corporate social responsibility is the key factor in motivating corporate governance practices which eventually improves corporate financial performance. However, this study advocated the implications, Investors and stakeholders should consider both corporate governance and CSR disclosures when making investment decisions. Companies that prioritize both governance and CSR tend to have better financial performance and are more likely to mitigate risks. Moreover, the policy makers can improve the code of corporate governance in order to attain sustainable development in the stock market.

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“…Cao et al (2021) revealed the substantial positive influence of executive environmental awareness on the green innovation of heavily polluting Chinese enterprises. Conversely, Yu et al (2022) exposed the inhibitory effects of corporate governance uncertainty and shortterm managerial behaviors (Li et al, 2023) on green innovation. Supply chain knowledge, corporate reputation and non-supply chain learning were established as positively correlated with green innovation by Yaw et al (2023).…”

Section: Literature Reviewmentioning

confidence: 99%

CEO stability and enterprise total factor productivity from the perspective of dual carbon: a mechanism test based on green innovation

Sun,

Li,

Zhang

et al. 2023

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PurposeThrough this study, the aim is to provide reference for the improvement of CEO related theories, the reform of internal governance mechanisms and compensation systems in enterprises, and ultimately contribute to economic and social development and the achievement of dual carbon goals.Design/methodology/approachIn the context of accelerating the implementation of the “dual carbon” goal and promoting sustainable economic and social development, this paper builds a panel data model based on the panel data of 31 provinces in China from 2011 to 2019 to empirically test the impact of CEO stability on green innovation and total factor productivity of enterprises.FindingsThe results show that CEO stability has a positive role in promoting enterprise total factor productivity and green innovation and enterprise green innovation also has a positive role in promoting total factor productivity; Heterogeneity testing found that CEO stability has no significant impact on green innovation in state-owned enterprises. Corporate green innovation has a partial mesomeric effect between CEO stability and total factor productivity; The proportion of independent directors has a negative moderating effect on CEO stability and corporate green innovation, while equity incentive has a positive moderating effect on the relationship between CEO stability, corporate total factor productivity and green innovation.Originality/valueFirst, it develops the research on CEO stability and its economic consequences. Second, it expands the impact of CEO stability on heterogeneous enterprises. Third, provides new ideas for the reform of internal governance mechanism and salary system of enterprises.

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The effects of corporate governance uncertainty on state-owned enterprises' green innovation in China: Perspective from the participation of non-state-owned shareholders

Cited by 34 publications

References 76 publications

Impact of Environmental Regulation on Corporate Green Technological Innovation: The Moderating Role of Corporate Governance and Environmental Information Disclosure

Impact of Environmental Regulation on Corporate Green Technological Innovation: The Moderating Role of Corporate Governance and Environmental Information Disclosure

The Moderating Effects of Corporate Social Responsibility on Corporate Financial Performance: Evidence from OECD Countries

CEO stability and enterprise total factor productivity from the perspective of dual carbon: a mechanism test based on green innovation

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