Green innovation and firm performance: Evidence from listed companies in China
By Dayong Zhang, Zhaozi Rong, Qiang Ji. Resources, Conservation and Recycling, 2019
709 citations recorded by the source corpus.
Abstract This paper focuses on how green patenting influences a firm’s subsequent performance. By investigating listed manufacturing firms in China for the 2000–2010 period, we find a positive and significant relationship between green patenting and firm performance. Moreover, our research reveals that green growth is mainly driven by green utility-model patents and that this positive relationship only exists among state-owned enterprises (SOEs), which are more capable of leveraging green innovation through their close relationship with the government. Furthermore, the positive relationship is found to exist primarily after 2006, when the government began to provide formal legislative support to green industry.
Subfields: Economics and Econometrics, Marketing, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/148c164f4a0e8394b403ee67ce47599b2f0677f0
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Citations in the corpus
- The Interaction Effect between ESG and Green Innovation and Its Impact on Firm Value from the Perspective of Information Disclosure (2020, methodology): “Based on the previous analysis, the model was constructed in two steps by drawing on the experience of models built by predecessors Zhang (2019) [1] and Brogi (2019) [45].”
- Effects of Eco-Innovation on Economic and Environmental Performance: Evidence from Turkey’s Manufacturing Companies (2020, background): “Zhang, Rong, and Ji [33] found a positive effect of eco-innovation on sales growth and net profit.”