Assessing the Impact of Green Innovation on Corporate Sustainable Development
Under the background of increasingly prominent environmental problems, exploring the impact of green innovation on the sustainable development ability of enterprises not only can expand the boundary of the research on the factors influencing enterprises’ sustainable development ability and the econo...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-02-01
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| Series: | Frontiers in Energy Research |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fenrg.2021.800848/full |
| _version_ | 1818329681397547008 |
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| author | Yu Liao Xiaodong Qiu Anni Wu Qian Sun Haomin Shen Peiyang Li |
| author_facet | Yu Liao Xiaodong Qiu Anni Wu Qian Sun Haomin Shen Peiyang Li |
| author_sort | Yu Liao |
| collection | DOAJ |
| description | Under the background of increasingly prominent environmental problems, exploring the impact of green innovation on the sustainable development ability of enterprises not only can expand the boundary of the research on the factors influencing enterprises’ sustainable development ability and the economic consequences of green innovation but also can provide reference for the decision-making of the listed companies. On the basis of the manual collection of green innovation patent data from China National Intellectual Property Administration, this paper selects the Chinese A-share listed companies from 2010 to 2018 as the research subject and empirically tests the impact of green innovation on the corporate sustainable development ability. The results show that the output of green innovation significantly improves the corporate sustainable development ability. This result is economically significant. Specifically, a one–standard deviation increase (0.8147) of GI translates into a sustainable growth rate of 20.78 percentage points (0.0175*0.8147/0.0686) higher. The relationship between the output of green innovation and corporate sustainable development ability is more significant when the corporate social responsibility performance is worse or scientific research ability is weaker. A series of robustness test results show that the conclusions are reliable. Further test shows that green innovation plays a more significant role in enhancing the corporate sustainable development ability in non–state-owned enterprises. In addition, only invention patents of green innovation can significantly improve the corporate sustainable development ability, whereas non-invention patents cannot affect it. This paper provides a new perspective for the research on the factors affecting the corporate sustainable development ability. Furthermore, the research conclusions of this paper are of reference significance both in theory and practice. |
| first_indexed | 2024-12-13T12:51:55Z |
| format | Article |
| id | doaj.art-3447bb732390496380ec32331c19060c |
| institution | Directory Open Access Journal |
| issn | 2296-598X |
| language | English |
| last_indexed | 2024-12-13T12:51:55Z |
| publishDate | 2022-02-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Energy Research |
| spelling | doaj.art-3447bb732390496380ec32331c19060c2022-12-21T23:45:18ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2022-02-01910.3389/fenrg.2021.800848800848Assessing the Impact of Green Innovation on Corporate Sustainable DevelopmentYu Liao0Xiaodong Qiu1Anni Wu2Qian Sun3Haomin Shen4Peiyang Li5School of Economics and Management, Beijing Jiaotong University, Beijing, ChinaSchool of Economics and Management, Beijing Jiaotong University, Beijing, ChinaSchool of Management, Wuhan University of Technology, Wuhan, ChinaSchool of Economics and Management, Beijing Jiaotong University, Beijing, ChinaSchool of Economics and Management, Beijing Jiaotong University, Beijing, ChinaSchool of Economics and Management, Beijing Jiaotong University, Beijing, ChinaUnder the background of increasingly prominent environmental problems, exploring the impact of green innovation on the sustainable development ability of enterprises not only can expand the boundary of the research on the factors influencing enterprises’ sustainable development ability and the economic consequences of green innovation but also can provide reference for the decision-making of the listed companies. On the basis of the manual collection of green innovation patent data from China National Intellectual Property Administration, this paper selects the Chinese A-share listed companies from 2010 to 2018 as the research subject and empirically tests the impact of green innovation on the corporate sustainable development ability. The results show that the output of green innovation significantly improves the corporate sustainable development ability. This result is economically significant. Specifically, a one–standard deviation increase (0.8147) of GI translates into a sustainable growth rate of 20.78 percentage points (0.0175*0.8147/0.0686) higher. The relationship between the output of green innovation and corporate sustainable development ability is more significant when the corporate social responsibility performance is worse or scientific research ability is weaker. A series of robustness test results show that the conclusions are reliable. Further test shows that green innovation plays a more significant role in enhancing the corporate sustainable development ability in non–state-owned enterprises. In addition, only invention patents of green innovation can significantly improve the corporate sustainable development ability, whereas non-invention patents cannot affect it. This paper provides a new perspective for the research on the factors affecting the corporate sustainable development ability. Furthermore, the research conclusions of this paper are of reference significance both in theory and practice.https://www.frontiersin.org/articles/10.3389/fenrg.2021.800848/fullexecutives’ willingness to invest in green innovationcorporate sustainable developmentCSRscientific research abilityproperty rightsinnovation types |
| spellingShingle | Yu Liao Xiaodong Qiu Anni Wu Qian Sun Haomin Shen Peiyang Li Assessing the Impact of Green Innovation on Corporate Sustainable Development Frontiers in Energy Research executives’ willingness to invest in green innovation corporate sustainable development CSR scientific research ability property rights innovation types |
| title | Assessing the Impact of Green Innovation on Corporate Sustainable Development |
| title_full | Assessing the Impact of Green Innovation on Corporate Sustainable Development |
| title_fullStr | Assessing the Impact of Green Innovation on Corporate Sustainable Development |
| title_full_unstemmed | Assessing the Impact of Green Innovation on Corporate Sustainable Development |
| title_short | Assessing the Impact of Green Innovation on Corporate Sustainable Development |
| title_sort | assessing the impact of green innovation on corporate sustainable development |
| topic | executives’ willingness to invest in green innovation corporate sustainable development CSR scientific research ability property rights innovation types |
| url | https://www.frontiersin.org/articles/10.3389/fenrg.2021.800848/full |
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