How green strategic alliances enhance green innovation: Mechanisms and evidence in China

Yuhan Wang, Jinxing Hao, Hui Guo, Maoyang Xian and Qiang Liao

Finance Research Letters, 2025, vol. 77, issue C

Abstract: We examine the influence of green strategic alliances on corporate green innovation through text analyses. Our paper reveals a positive association between green strategic alliances and corporate green innovation, with three influencing pathways: government support, knowledge transfer, and risk-taking. Cross-sectional analyses suggest that the effect is more pronounced when the firms are headquartered in regions with underdeveloped financial markets, lower innovation capacity, and a lower risk appetite. Supplemental test indicates that green strategic alliances lead to high quality green innovation. Overall, this paper underscores the critical role of green strategic alliances in promoting corporate green innovation and advancing sustainability efforts.

Keywords: Green strategic alliance; Green innovation; Risk-taking; Innovation capacity; Innovation resources (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:77:y:2025:i:c:s1544612325003599

DOI: 10.1016/j.frl.2025.107096

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