Managing climate challenges through eco-innovation: the role of board committees and institutional pressures

Hamza Nizar (), Nadia Lakhal (), Sabrina Khemiri () and Faten Lakhal ()
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Hamza Nizar: UJ - Université de Jendouba
Nadia Lakhal: LEFA-IHEC - Faculty of Economics and Management of Sousse - USO - جامعة سوسة = Université de Sousse = University of Sousse
Sabrina Khemiri: LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], IMT-BS - DEFI - Département Data analytics, Économie et Finances - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]
Faten Lakhal: EMLV - École de management Léonard de Vinci

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Abstract: Climate change presents substantial risks to both firms and society, yet we still know little about how exposure to these risks fuel eco-innovation. Based on an international sample of 24,929 observations over the period 2001-2021, we find a significant positive association between climate risk exposure—specifically physical, operational, and regulatory risks—and eco-innovation. These findings confirm the opportunity view, suggesting that climate change exposure serves not only as a risk factor but also as a driver of corporate innovation aimed at reducing environmental impacts. This positive effect if more likely in the presence of board-level sustainability, governance, and environmental management committees, as well as heightened coercive (institutional quality) and mimetic (product market competition) pressures. Overall, our findings are robust to endogeneity concerns and provide actionable insights for decisions makers and regulators.

Keywords: Product market competition; Board committees; Eco-innovation; Climate risk; Institutional quality (search for similar items in EconPapers)
Date: 2026-06-04
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Published in CIG 2026 : 25ème Conférence Internationale de Gouvernance. "Dynamiques de gouvernance responsable : entre conviction, communication et régulation", Association Académique Internationale de Gouvernance, Jun 2026, Strasbourg, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05647966

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