The impact of the degree of coupling coordination between green finance and environmental regulations on firms’ innovation performance: evidence from China

Yang, Tianle; Sun, Zhennan; Du, Min; Du, Qunyang; Li, Lei; Shuwaikh, Fatima

Abstract

Integrating the resource-based view and institution-based view theories, this paper examines the impact of the degree of coupling coordination between green finance and environmental regulations on firms’ innovation performance. Using a sample of 1698 listed firms in China from 2008 to 2017, we find that the degree of coupling coordination between the regional green finance development level and environmental regulations is positively related to firms’ innovation performance. Further, the results show that the degree of state ownership and government governance efficiency strengthen this positive relationship. We deepen our understanding of how environmental institutions coordinate to affect firms’ innovation performance by combining the resource- and institution-based view theories.

Citation

Yang, T., Sun, Z., Du, M., Du, Q., Li, L., & Shuwaikh, F. (2024). The impact of the degree of coupling coordination between green finance and environmental regulations on firms’ innovation performance: evidence from China. Annals of Operations Research, 332(1-3), 1179-1180. https://doi.org/10.1007/s10479-023-05704-9

• Journal Article Type: Article
• Acceptance Date: Sep 12, 2023
• Online Publication Date: Dec 11, 2023
• Publication Date: 2024-01
• Deposit Date: Jan 23, 2024
• Publicly Available Date: Dec 12, 2024
• Print ISSN: 0254-5330
• Electronic ISSN: 1572-9338
• Publisher: Springer
• Peer Reviewed: Peer Reviewed
• Volume: 332
• Issue: 1-3
• Pages: 1179-1180
• DOI: https://doi.org/10.1007/s10479-023-05704-9
• Keywords: The degree of coupling coordination, Green finance, Environmental regulations, Degree of state ownership, Government governance efficiency, Innovation performance
• Public URL: http://researchrepository.napier.ac.uk/Output/3491323