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

Li Shi Yu, Ao Xiangyuan, Ong Tze San, Chen Anqi and Zhang Mengdie
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Li Shi Yu: School of Business and Economics, Universiti Putra Malaysia, 43400 UPM Serdang Selangor Darul Ehsan, Malaysia; Department of Accounting and Finance, Anhui Xinhua University, 230088 Anhui, China,
Ao Xiangyuan: School of Business and Economics, Universiti Putra Malaysia, 43400 UPM Serdang Selangor Darul Ehsan, Malaysia,
Ong Tze San: School of Business and Economics, Universiti Putra Malaysia, 43400 UPM Serdang Selangor Darul Ehsan, Malaysia; Department of Business Administration, Daffodil International University, Dhaka, Bangladesh,
Chen Anqi: School of Business and Economics, Universiti Putra Malaysia, 43400 UPM Serdang Selangor Darul Ehsan, Malaysia; Department of Accounting, School of Economics and Management, East China Jiaotong University, 330013 Jiangxi, China.
Zhang Mengdie: School of Business and Economics, Universiti Putra Malaysia, 43400 UPM Serdang Selangor Darul Ehsan, Malaysia,

International Journal of Energy Economics and Policy, 2022, vol. 12, issue 6, 350-356

Abstract: 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.

Keywords: Corporate green innovation; environmental subsidies; corporate environmental responsibility; sustainability development; corporate governance (search for similar items in EconPapers)
JEL-codes: F63 F64 H23 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2022-06-42

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