Does corporate R&D investment affect firm environmental performance? Evidence from G-6 countries
By Md. Mahmudul Alam, M. Atif, Chu Chien-Chi, Ugur Soytas. Energy Economics, 2019
407 citations recorded by the source corpus.
The rate of climate change due to global warming has become a substantial concern and appeared as a real-world phenomenon in the recent years. However, it is imperative to know how business enterprises alter such concern. Recent studies involve a variety of firm-level factors to create a robust link between business enterprises' environmental and financial performance. However, little is known regarding the role of research and development (R&D) investment on firms' environmental performance. Using a firm-level data for the period 2004–2016 from G-6 countries, this study empirically investigates how R&D investment affects the firm environmental performance measured by energy and carbon emissions intensities. We find that R&D investment improves the firm's environmental performance consistent with the theoretical argument of natural resource-based view (NRBV). Our findings are robust to alternative econometric specifications, alternative variable specifications, and sub-samples. Our findings offer novel insights to the policymakers, business managers, and regulators.
Subfields: Economics and Econometrics, Marketing, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/4a6d681dc752d8bd805aff4c169e76d687fc3c54
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Citations in the corpus
- Does board gender diversity affect renewable energy consumption? (2020, background): “Hence, the consumption of traditional energy represents an alarming environmental issue (Bang et al., 2000; Alam et al., 2019).”
- Economic policy uncertainty (EPU) and firm carbon emissions: Evidence using a China provincial EPU index (2020, methodology): “Alam et al. (2019) used a large set of firm-level data from G-6 countries and found that there is a significant negative effect between R&D investment and firms’ energy consumption or carbon emission intensities.”
- Does board gender diversity affect corporate cash holdings? (2019, unknown): “Based on the extant literature (i.e., Liu et al., 2014; Chen et al., 2017; Alam et al., 2019), we use three econometrical techniques –”