Environmental performance and corporate innovation in China: The moderating impact of firm ownership

Journal article


Ullah, F., Jiang, P., Elamer, A. A. and Owusu, A. 2022. Environmental performance and corporate innovation in China: The moderating impact of firm ownership. Technological Forecasting and Social Change. 184, pp. 1-17. https://doi.org/10.1016/j.techfore.2022.121990
AuthorsUllah, F., Jiang, P., Elamer, A. A. and Owusu, A.
Abstract

In this study, we examine the impact of environmental performance on corporate innovation based on a sample of 11,014 Chinese A-share firm-year observations during the period from 2010 to 2017. Also, we investigate the moderating impact of firm ownership on the above relation. Our results suggest a significant positive association between environmental performance and corporate innovation. By analyzing the moderating effect of ownership structure, our findings suggest that institutional ownership strengthened the positive relation between environmental performance and corporate innovation, while state ownership played a partial role. Our findings are robust for using advanced techniques, such as reverse causality, omitted variable bias, two-stage least square, and propensity score matching. This study contributes to the literature by shedding light on the stakeholder and resource dependence perspectives on the relation between environmental performance and corporate innovation.

KeywordsEnvironmental performance; Corporate innovation; Institutional ownership; State ownership; China
Year2022
JournalTechnological Forecasting and Social Change
Journal citation184, pp. 1-17
PublisherElsevier
ISSN1873-5509
Digital Object Identifier (DOI)https://doi.org/10.1016/j.techfore.2022.121990
Web address (URL)https://www.sciencedirect.com/science/article/pii/S004016252200511X?via%3Dihub
Publisher's version
License
File Access Level
Open
Output statusPublished
Publication dates
Online10 Sep 2022
Publication process dates
Accepted24 Aug 2022
Deposited16 Sep 2022
Permalink -

https://repository.derby.ac.uk/item/98z80/environmental-performance-and-corporate-innovation-in-china-the-moderating-impact-of-firm-ownership

Download files


Publisher's version
1-s2.0-S004016252200511X-main.pdf
License: CC BY-NC-ND 4.0
File access level: Open

  • 25
    total views
  • 12
    total downloads
  • 0
    views this month
  • 0
    downloads this month

Export as

Related outputs

Impacts of cross-border equity portfolio flow and central bank transparency on financial development: the role of economic freedom and international bonds
Kwabi, F., Wonu, C., Ezeani, E., Owusu, A. and Leone, V. 2024. Impacts of cross-border equity portfolio flow and central bank transparency on financial development: the role of economic freedom and international bonds. International Journal of Finance and Economics. pp. 1-29. https://doi.org/10.1002/ijfe.2947
The impact of political uncertainty on the cost of capital
Kwabi, F., Owusu, A., Ezeani, E. and Boateng, A. 2024. The impact of political uncertainty on the cost of capital. Review of Quantitative Finance and Accounting. pp. 1-33. https://doi.org/10.1007/s11156-023-01236-2
Lead independent director, managerial risk-taking, and cost of debt: Evidence from UK
Owusu, A., Kwabi, F., Owusu-Mensah, R. and Elamer, A. A. 2023. Lead independent director, managerial risk-taking, and cost of debt: Evidence from UK. Journal of International Accounting, Auditing and Taxation. 52, pp. 1-13. https://doi.org/10.1016/j.intaccaudtax.2023.100576
Credit rating agency response to appointment of female audit partners: Evidence from the UK
Owusu, A. and Zalata, A 2023. Credit rating agency response to appointment of female audit partners: Evidence from the UK. Journal of International Accounting, Auditing and Taxation. 50, pp. 1-18. https://doi.org/10.1016/j.intaccaudtax.2023.100525
The impact of the media on tourism development and income inequality
Kwabi, F., Ezeani, E., Owusu, A., Wonu, C. and Hu, W. 2023. The impact of the media on tourism development and income inequality. Journal of Sustainable Tourism. pp. 1-33. https://doi.org/10.1080/09669582.2023.2166516
CEO tenure and cost of debt
Owusu, A., Kwabi, F., Ezeani, E. and Owusu-Mensah, R. 2022. CEO tenure and cost of debt. Review of Quantitative Finance and Accounting. 227, pp. 1-38. https://doi.org/10.1007/s11156-022-01050-2