Government green procurement, technology mergers and acquisitions, and semiconductor firms’ environmental innovation: The moderating effect of executive compensation incentives

Zhongju Liao, Lijun Xu and Mengnan Zhang

International Journal of Production Economics, 2024, vol. 273, issue C

Abstract: Government green procurement is a market-oriented environmental and economic policy that plays an important role in promoting environmental innovation. Based on institutional theory, signal-transmission theory, and the resource-based view, this study examines the impact of government green procurement on the environmental innovation of semiconductor firms, as well as the mediating effect of technology mergers and acquisitions and the moderating effect of executive compensation incentives on that relationship. Selecting Chinese A-share listed semiconductor companies during the period from 2018 to 2022 as the research sample, the study uses multiple regression analysis to test the hypotheses. The results indicate that government green procurement and technology mergers and acquisitions positively impact the environmental innovation of semiconductor firms, while government green procurement negatively impacts the technology mergers and acquisitions of semiconductor firms. Technology mergers and acquisitions do not play a mediating role between government green procurement and semiconductor firms' environmental innovation. Executive compensation incentives weaken the positive impact of government green procurement on semiconductor firms' environmental innovation. This study analyzes the inherent mechanism of government green procurement affecting environmental innovation, and provides a theoretical basis for optimizing the government green-procurement system and improving semiconductor firms’ environmental-innovation level.

Keywords: Government green procurement; Technology mergers and acquisitions; Environmental innovation; Executive compensation; Semiconductor firms (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0925527324001427
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:273:y:2024:i:c:s0925527324001427

DOI: 10.1016/j.ijpe.2024.109285

Access Statistics for this article

International Journal of Production Economics is currently edited by Stefan Minner

More articles in International Journal of Production Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().