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

Yuhan Wang; Jinxing Hao; Hui Guo; Maoyang Xian; Qiang Liao

doi:10.1016/j.frl.2025.107096

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

Yuhan Wang^*
, Jinxing Hao
, Hui Guo
, Maoyang Xian^*
, Qiang Liao

^*Corresponding author for this work

Department of Accounting

Southwestern University of Finance and Economics
Sichuan Rural Commercial Bank

Research output: Contribution to journal › Article › peer-review

7 Citations (Scopus)

Abstract

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.

Original language	English
Article number	107096
Journal	Finance Research Letters
Volume	77
DOIs	https://doi.org/10.1016/j.frl.2025.107096
Publication status	Published - May 2025

Keywords

Green innovation
Green strategic alliance
Innovation capacity
Innovation resources
Risk-taking

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10.1016/j.frl.2025.107096

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title = "How green strategic alliances enhance green innovation: Mechanisms and evidence in China",

abstract = "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.",

keywords = "Green innovation, Green strategic alliance, Innovation capacity, Innovation resources, Risk-taking",

author = "Yuhan Wang and Jinxing Hao and Hui Guo and Maoyang Xian and Qiang Liao",

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year = "2025",

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doi = "10.1016/j.frl.2025.107096",

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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

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 - https://www.scopus.com/pages/publications/85219513788

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 -

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

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Keywords

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