气候变化领域集成服务门户(CCPortal): Corporate innovation and environmental investment: The moderating role of institutional environment

CCPortal

DOI	10.1016/j.accre.2020.05.003
	Corporate innovation and environmental investment: The moderating role of institutional environment
	Tian J.-F.; Pan C.; Xue R.; Yang X.-T.; Wang C.; Ji X.-Z.; Shan Y.-L.
发表日期	2020
ISSN	16749278
英文摘要	Corporate environmental investment helps improve corporate environmental performance, which, therefore, is an effective micro-level solution to mitigate environmental concerns generated by corporate excessive resource exploitation and energy use. Using Chinese listed firms within environment-related industries over the period 2011–2018 as the research setting, this study applies the panel data model to investigate the impact of corporate innovation on environmental investment, as well as the moderating effects of institutional factors. The results show that corporate innovation significantly improves firms' environmental investment with 1% Research & Development (R&D) investment ratio increase generating 2326 CNY (around 351 USD at 2018 exchange rate) increase in environmental investment; the moderating effect of environment policy is positive and significant while the moderating effect of internationalisation level is not significant, indicating that current environment policy implementation helps to strengthen the positive impact of corporate innovation on environmental investment while the role of internationalisation level in this nexus is not observed. From a micro-level perspective, the findings of this study shed light on mitigating environmental concerns through enhancing corporate innovation, and provide evidence that China's corporate internationalisation process awaits more regulatory controls. © 2020 National Climate Center (China Meteorological Administration)
语种	英语
来源机构	Advances in Climate Change Research
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/131718
推荐引用方式 GB/T 7714	Tian J.-F.,Pan C.,Xue R.,et al. Corporate innovation and environmental investment: The moderating role of institutional environment[J]. Advances in Climate Change Research,2020.
APA	Tian J.-F..,Pan C..,Xue R..,Yang X.-T..,Wang C..,...&Shan Y.-L..(2020).Corporate innovation and environmental investment: The moderating role of institutional environment..
MLA	Tian J.-F.,et al."Corporate innovation and environmental investment: The moderating role of institutional environment".(2020).