How green strategic alliances enhance green innovation: Mechanisms and evidence in China

被引：1
作者：
Wang, Yuhan [1 ]
Hao, Jinxing [1 ]
Guo, Hui [2 ]
Xian, Maoyang [1 ]
Liao, Qiang [3 ]
机构：
[1] Southwestern Univ Finance & Econ, 555 Liutai Ave, Chengdu 611130, Sichuan, Peoples R China
[2] Xian Jiaotong Liverpool Univ, Suzhou 215123, Peoples R China
[3] Sichuan Rural Commercial Bank, Chengdu 610041, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2025年 / 77卷
关键词：
Green strategic alliance; Green innovation; Risk-taking; Innovation capacity; Innovation resources;
D O I：
10.1016/j.frl.2025.107096
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We examine the influence of green strategic alliances on corporate green innovation through text analyses. Our paper reveals a positive association between green strategic alliances and corporate green innovation, with three influencing pathways: government support, knowledge transfer, and risk-taking. Cross-sectional analyses suggest that the effect is more pronounced when the firms are headquartered in regions with underdeveloped financial markets, lower innovation capacity, and a lower risk appetite. Supplemental test indicates that green strategic alliances lead to high quality green innovation. Overall, this paper underscores the critical role of green strategic alliances in promoting corporate green innovation and advancing sustainability efforts.
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页数：13
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