Corporate Sustainability and Green Innovation in an Emerging Economy—An Empirical Study in China
Shubo Liu () and
Min-Ren Yan ()
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Shubo Liu: Business School, Central University of Finance and Economics, Beijing 100083, China
Min-Ren Yan: Institute of International Business Administration, Chinese Culture University, Taipei City 106, Taipei 24301, Taiwan
Sustainability, 2018, vol. 10, issue 11, 1-29
Amid increased emphasis on sustainable development, understanding the sustainability initiative and practice of companies has attracted the attention of both academia and industry. Corporate sustainability combines triple values including environmental protection, social wellbeing, and economic benefit for companies. Drawing on institutional theory and employing an inductive case research method, we examine companies developing their green innovation and sustainability projects in a challenging context of China. Four representative case studies and in-depth interviews were conducted to examine how these firms overcome barriers in the less developed institutional environment. To better explain corporate sustainability with green innovations, a conceptual framework has been proposed to illustrate how firms operate in a network of relationship and cooperate with their external stakeholders. Firms’ strategies to dynamically achieve the aim of corporate sustainability were identified based on a co-evolutional mechanism in the interface between institutions and organizations.
Keywords: corporate sustainability; green innovation; institutional theory; China; emerging economy; qualitative research (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:10:y:2018:i:11:p:3998-:d:179872
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