Can Companies Make Green Innovation a Reality by Means of Corporate Environmental Responsibility? The Mediating Role of Environmental Subsidies

This paper analyses how Chinese listed companies have channelled their environmental responsibility through government resources by observing corporate behaviour between 2015 and 2020. Results indicate that corporate environmental responsibility does not directly enhance corporate green innovation (...

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Bibliographic Details
Published in:International journal of energy economics and policy 2022-11, Vol.12 (6), p.350-356
Main Authors: Yu, Li Shi, Xiangyuan, Ao, San, Ong Tze, Anqi, Chen, Mengdie, Zhang
Format: Article
Language:English
Subjects:
Certification
Companies
Corporate green innovation
environmental subsidies
corporate environmental responsibility
sustainability development
corporate governance
Disclosure
Economic development
Energy consumption
Energy economics
Environmental impact
Environmental management
Environmental protection
Environmental regulations
Externality
Fines & penalties
Government
Innovations
Pollutants
Pollution
Public interest
R&D
Research & development
Resource management
Subsidies
Sustainable development
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Description
Summary:This paper analyses how Chinese listed companies have channelled their environmental responsibility through government resources by observing corporate behaviour between 2015 and 2020. Results indicate that corporate environmental responsibility does not directly enhance corporate green innovation (CGI) and that government environmental subsidies (ES) are required to positively incentivise CGI capabilities. Increased corporate investment in environmental protection and improved governance are positive for CGI, unlike environmental management system certification. This paper provides novel ideas for future research on how Chinese listed companies may convert their environmental responsibility into green innovation through government ES. This may benefit future research on sustainable development.
ISSN:2146-4553
2146-4553
DOI:10.32479/ijeep.13631