TY - JOUR
T1 - The impact of the degree of coupling coordination between green finance and environmental regulations on firms’ innovation performance
T2 - evidence from China
AU - Yang, Tianle
AU - Sun, Zhennan
AU - Du, Min
AU - Du, Qunyang
AU - Li, Lei
AU - Shuwaikh, Fatima
N1 - Publisher Copyright:
© 2023, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.
PY - 2023
Y1 - 2023
N2 - 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.
AB - 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.
KW - Degree of state ownership
KW - Environmental regulations
KW - Government governance efficiency
KW - Green finance
KW - Innovation performance
KW - The degree of coupling coordination
UR - http://www.scopus.com/inward/record.url?scp=85179320415&partnerID=8YFLogxK
U2 - 10.1007/s10479-023-05704-9
DO - 10.1007/s10479-023-05704-9
M3 - Article
AN - SCOPUS:85179320415
SN - 0254-5330
JO - Annals of Operations Research
JF - Annals of Operations Research
ER -