Why firms go green and how green impacts financial and innovation performance differently: An awareness-motivation-capability perspective

Factors affecting firms' green technology innovation: an evolutionary game based on prospect theory

In the context of green development and the construction of ecological civilization, a key issue for governments is how to promote firms' green technology innovation. Assuming the bounded rationality of decision-makers, this paper constructs a game model of green technology innovation between firms and the government based on prospect theory. It dynamically analyzes the decision process and optimal strategy under different scenarios and uses numerical simulation to identify the influencing factors. There are three main findings. (1) Firms' green technology innovation decisions depend on the net income difference between strategies. Environmental regulation encourages firms to carry out green technology innovation by increasing the environmental costs to non-green technology innovation firms and increasing the income of green technology innovation firms. (2) Uncertainty and the behavioral characteristics of managers significantly affect green technology innovation. Firms' green technology innovation is positively correlated with the success rate of green technology innovation, whereas is negatively correlated with perceived value sensitivity and loss aversion. (3) There is instrumental heterogeneity in the incentive effect of environmental regulation on firms' green technology innovation. The most effective tool is comprehensive environmental regulation, followed by punishment and then subsidy. The research provides a reference for governments to formulate environmental regulations and firms to manage innovation.

How Can Agricultural Corporate Build Sustainable Competitive Advantage through Green Intellectual Capital? A New Environmental Management Approach to Green Agriculture

Based on natural resource-based theory, this study constructed a relational model between green intellectual capital, green innovation, and an agricultural corporate sustainable competitive advantage. The samples included a total of 341 agricultural companies in China, and multiple regression methods are used for the analysis. The results showed that green product innovation and green process innovation had a mediation effect between green human capital, green structural capital, green relational capital, and the sustainable competitive advantage of agricultural corporate. Beyond the simple moderation effect, a new integrated moderated-mediation effect model was established. It was shown that environmental leadership, green organizational identification, and green dynamic capability had different moderated-mediation effects under different conditions. The study is expected to close the previous research gaps and insufficiency in agricultural corporate environmental management and green agricultural. The empirical results and conclusions bring enlightenment and meaningful theoretical guidance to managers, researchers, practitioners, and policy makers in the green and sustainable development of agricultural corporates. The new environmental management path can help agricultural corporates conduct green innovation effectively, adapt to the green agricultural products market, and achieve sustainable competitive advantage. Ultimately, this will help to accelerate the development of green agriculture.

R&D Internationalization and Green Innovation? Evidence from Chinese Resource Enterprises and Environmental Enterprises

Although the importance of external involvement has been recognized in product and technology innovation, whether research and development (R&D) internationalization stimulates green innovation and under what conditions it is more effective is still unclear. To address this research gap, this study uses knowledge-based theory to explore the effect of R&D internationalization on green innovation and the moderating roles of state ownership and international experience. We examine the research hypotheses using panel data of 19,273 Chinese resource enterprises (REs) and environmental enterprises (EEs) spanning three years. The results indicate that R&D internationalization has a negative effect on green innovation in REs and EEs. Additionally, we identified a negative moderating effect of state ownership and a positive moderating effect of internationalization experience on the relationship between R&D internationalization and green innovation, which suggests that the effect is contingent on the corporation’s ownership and capability in dealing with the complexities and uncertainties inherent in international business.