Green finance, managerial myopia and corporate green innovation: Evidence from Chinese manufacturing listed companies

Xingyue Zhang; Fangxin Jiang; Haizhou Liu; Ruizhi Liu

doi:10.1016/j.frl.2023.104383

Green finance, managerial myopia and corporate green innovation: Evidence from Chinese manufacturing listed companies

Xingyue Zhang
, Fangxin Jiang
, Haizhou Liu
, Ruizhi Liu^*

^*Corresponding author for this work

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

53 Citations (Scopus)

Abstract

The impact of green finance on green innovation is supported by existing literatures, but rare studies query the relationship among such three variables. Using yearly data from China's A-share listed manufacturing firms (2007–2020), we find that green finance boosts green innovation, with managerial myopia moderating this effect. Notably, state-owned enterprises and those with higher management shareholding show more pronounced positive effects.

Original language	English
Article number	104383
Journal	Finance Research Letters
Volume	58
DOIs	https://doi.org/10.1016/j.frl.2023.104383
Publication status	Published - Dec 2023
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2023 Elsevier Inc.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Keywords

Green finance
Green innovation
Managerial myopia

Access to Document

10.1016/j.frl.2023.104383

Cite this

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title = "Green finance, managerial myopia and corporate green innovation: Evidence from Chinese manufacturing listed companies",

abstract = "The impact of green finance on green innovation is supported by existing literatures, but rare studies query the relationship among such three variables. Using yearly data from China's A-share listed manufacturing firms (2007–2020), we find that green finance boosts green innovation, with managerial myopia moderating this effect. Notably, state-owned enterprises and those with higher management shareholding show more pronounced positive effects.",

keywords = "Green finance, Green innovation, Managerial myopia",

author = "Xingyue Zhang and Fangxin Jiang and Haizhou Liu and Ruizhi Liu",

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year = "2023",

month = dec,

doi = "10.1016/j.frl.2023.104383",

language = "English",

volume = "58",

journal = "Finance Research Letters",

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TY - JOUR

T1 - Green finance, managerial myopia and corporate green innovation

T2 - Evidence from Chinese manufacturing listed companies

AU - Zhang, Xingyue

AU - Jiang, Fangxin

AU - Liu, Haizhou

AU - Liu, Ruizhi

PY - 2023/12

Y1 - 2023/12

N2 - The impact of green finance on green innovation is supported by existing literatures, but rare studies query the relationship among such three variables. Using yearly data from China's A-share listed manufacturing firms (2007–2020), we find that green finance boosts green innovation, with managerial myopia moderating this effect. Notably, state-owned enterprises and those with higher management shareholding show more pronounced positive effects.

AB - The impact of green finance on green innovation is supported by existing literatures, but rare studies query the relationship among such three variables. Using yearly data from China's A-share listed manufacturing firms (2007–2020), we find that green finance boosts green innovation, with managerial myopia moderating this effect. Notably, state-owned enterprises and those with higher management shareholding show more pronounced positive effects.

KW - Green finance

KW - Green innovation

KW - Managerial myopia

UR - https://www.webofscience.com/wos/woscc/full-record/WOS:001077421100001

UR - https://openalex.org/W4386227203

U2 - 10.1016/j.frl.2023.104383

DO - 10.1016/j.frl.2023.104383

M3 - Journal Article

SN - 1544-6123

VL - 58

JO - Finance Research Letters

JF - Finance Research Letters

M1 - 104383

ER -

Green finance, managerial myopia and corporate green innovation: Evidence from Chinese manufacturing listed companies

Abstract

Bibliographical note

UN SDGs

Keywords

Access to Document

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