The impact of business groups on green innovation: evidence from Chinese non-SOE listed companies
Abstract This paper examines whether and how non-state-owned enterprise (non-SOE) business groups affect a firm’s green innovation. On the basis of a sample of A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2007 to 2021 and hand-collected business group data, we document...
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| Format: | Article |
| Language: | English |
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Springer
2024-12-01
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| Series: | Discover Sustainability |
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| Online Access: | https://doi.org/10.1007/s43621-024-00720-6 |
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| author | Peng Gao Qian Liu Marek Vochozka |
| author_facet | Peng Gao Qian Liu Marek Vochozka |
| author_sort | Peng Gao |
| collection | DOAJ |
| description | Abstract This paper examines whether and how non-state-owned enterprise (non-SOE) business groups affect a firm’s green innovation. On the basis of a sample of A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2007 to 2021 and hand-collected business group data, we document a negative association between non-SOE business groups and corporate green innovation. Furthermore, we identify two different mechanisms that may explain this relationship from various perspectives: firms’ motivation for benefit maximization and the ability to lighten government environmental regulations. We also find that this negative correlation is more pronounced in competitive industries and is related to reduced executives' environmental awareness, reduced intensity of environmental regulation, and greater official pressure to promote. Our findings not only help improve the existing literature on business groups and corporate green innovation but also provide empirical evidence that non-SOE business groups can negatively affect corporate green innovation. |
| format | Article |
| id | doaj-art-4449d41cc30b41dabd57b766aa586a89 |
| institution | Kabale University |
| issn | 2662-9984 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Springer |
| record_format | Article |
| series | Discover Sustainability |
| spelling | doaj-art-4449d41cc30b41dabd57b766aa586a892024-12-22T12:08:05ZengSpringerDiscover Sustainability2662-99842024-12-015112310.1007/s43621-024-00720-6The impact of business groups on green innovation: evidence from Chinese non-SOE listed companiesPeng Gao0Qian Liu1Marek Vochozka2Department of Accounting, Chongqing University of TechnologyDepartment of Accounting, Chongqing University of TechnologySchool of Expertness and Valuation, Institute of Technology and Business in České BudějoviceAbstract This paper examines whether and how non-state-owned enterprise (non-SOE) business groups affect a firm’s green innovation. On the basis of a sample of A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2007 to 2021 and hand-collected business group data, we document a negative association between non-SOE business groups and corporate green innovation. Furthermore, we identify two different mechanisms that may explain this relationship from various perspectives: firms’ motivation for benefit maximization and the ability to lighten government environmental regulations. We also find that this negative correlation is more pronounced in competitive industries and is related to reduced executives' environmental awareness, reduced intensity of environmental regulation, and greater official pressure to promote. Our findings not only help improve the existing literature on business groups and corporate green innovation but also provide empirical evidence that non-SOE business groups can negatively affect corporate green innovation.https://doi.org/10.1007/s43621-024-00720-6Business groupsGreen innovationNon-SOEGreen patents |
| spellingShingle | Peng Gao Qian Liu Marek Vochozka The impact of business groups on green innovation: evidence from Chinese non-SOE listed companies Discover Sustainability Business groups Green innovation Non-SOE Green patents |
| title | The impact of business groups on green innovation: evidence from Chinese non-SOE listed companies |
| title_full | The impact of business groups on green innovation: evidence from Chinese non-SOE listed companies |
| title_fullStr | The impact of business groups on green innovation: evidence from Chinese non-SOE listed companies |
| title_full_unstemmed | The impact of business groups on green innovation: evidence from Chinese non-SOE listed companies |
| title_short | The impact of business groups on green innovation: evidence from Chinese non-SOE listed companies |
| title_sort | impact of business groups on green innovation evidence from chinese non soe listed companies |
| topic | Business groups Green innovation Non-SOE Green patents |
| url | https://doi.org/10.1007/s43621-024-00720-6 |
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