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.
| Original language | English |
|---|---|
| Pages (from-to) | 173-195 |
| Number of pages | 23 |
| Journal | Annals of Operations Research |
| Volume | 347 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Apr 2025 |
Free Keywords
- Degree of state ownership
- Environmental regulations
- Government governance efficiency
- Green finance
- Innovation performance
- The degree of coupling coordination
ASJC Scopus subject areas
- General Decision Sciences
- Management Science and Operations Research
