The effect of green innovation on corporate financial performance: Does quality matter?

Liqian Liu, Amei Feng and Mingxia Liu

Finance Research Letters, 2024, vol. 62, issue PB

Abstract: Green innovation is a new path toward sustainable social development. This study provides substantial evidence of the effects of green innovation on corporate financial performance. Using a sample of Chinese A-share listed companies from 2012 to 2021, we find that green innovation significantly improves corporate financial performance. However, this positive effect only exists in high-quality green innovation. Further, our mechanism analysis indicates that high-quality green innovation effectively improves firms' financial performance through competitiveness improvement effect.

Keywords: Green innovation; High-quality green innovation; Low-quality green innovation; Financial performance (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pb:s154461232400285x

DOI: 10.1016/j.frl.2024.105255

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