TY - JOUR
T1 - How green strategic alliances enhance green innovation
T2 - Mechanisms and evidence in China
AU - Wang, Yuhan
AU - Hao, Jinxing
AU - Guo, Hui
AU - Xian, Maoyang
AU - Liao, Qiang
N1 - Publisher Copyright:
© 2025 Elsevier Inc.
PY - 2025/5
Y1 - 2025/5
N2 - 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.
AB - 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.
KW - Green innovation
KW - Green strategic alliance
KW - Innovation capacity
KW - Innovation resources
KW - Risk-taking
UR - http://www.scopus.com/inward/record.url?scp=85219513788&partnerID=8YFLogxK
U2 - 10.1016/j.frl.2025.107096
DO - 10.1016/j.frl.2025.107096
M3 - Article
AN - SCOPUS:85219513788
SN - 1544-6123
VL - 77
JO - Finance Research Letters
JF - Finance Research Letters
M1 - 107096
ER -