IDEAS home Printed from https://ideas.repec.org/a/bba/j00010/v3y2024i4p52-69d406.html
   My bibliography  Save this article

The Impact of Strategic Alliances on Corporate Green Innovation: Evidence from China

Author

Listed:
  • Yanming Chen

    (College of Finance and Statistics of Hunan University, Changsha, China)

  • Kaiwen Peng

    (Institute of Resource-based Economy Transformation Development, Shanxi University of Finance and Economics, Taiyuan, China)

  • Kangjie Zhao

    (Institute of Resource-based Economy Transformation Development, Shanxi University of Finance and Economics, Taiyuan, China)

Abstract

We investigate the impact of strategic alliances on corporate green innovation by collecting and collating announcements of Chinese A-share listed enterprises related to their participation in strategic alliances from 2007 to 2022, and yields three main findings: Strategic alliances significantly improve corporate green innovation, and it contributes more to symbolic green innovation than to substantive green innovation, using the proportion of other enterprises in the same industry and same province that participated in strategic alliances in the previous year as an instrumental variable, we find that this positive impact is likely to be causal. Mechanism analysis indicates that public attention and productivity play an important moderating role in this process. The research results also show that the impact of strategic alliances on corporate green innovation is heterogeneous in terms of industry competitiveness, enterprise categories and strategic alliances types. Our research sheds mechanisms of strategic alliances on corporate green innovation, and provides a theoretical reference for enterprises to improve their green innovation level and enhance their core competitiveness.

Suggested Citation

  • Yanming Chen & Kaiwen Peng & Kangjie Zhao, 2024. "The Impact of Strategic Alliances on Corporate Green Innovation: Evidence from China," Review of Economic Assessment, Anser Press, vol. 3(4), pages 52-69, December.
    • Handle: RePEc:bba:j00010:v:3:y:2024:i:4:p:52-69:d:406
    as

    Download full text from publisher

    File URL: https://www.anserpress.org/journal/rea/3/4/41/pdf
    Download Restriction: no
    File URL: https://www.anserpress.org/journal/rea/3/4/41
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Demirkan, Sebahattin & Demirkan, Irem, 2014. "Implications of strategic alliances for earnings quality and capital market investors," Journal of Business Research, Elsevier, vol. 67(9), pages 1806-1816.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chen, Wenrui & Chen, Zhiwu & Qin, Ling & Shan, Yaowen & Xu, Weihang, 2024. "Strategic alliance, agency problems, and labor investment efficiency," Economic Modelling, Elsevier, vol. 139(C).
    2. Chen, Wenrui & Liu, Xinghe & Hong, Yun, 2023. "Two heads better than one? Strategic alliance and firms excess cash holdings," Finance Research Letters, Elsevier, vol. 52(C).
    3. Chan, Konan & Chen, Vincent Y.S. & Huang, Yu-Fang & Liang, Jia-Wen, 2023. "Outside directors' equity incentives and strategic alliance decisions," Journal of Corporate Finance, Elsevier, vol. 79(C).
    4. Linda Thorne & Lois S. Mahoney & Kristen Gregory & Susan Convery, 2017. "A Comparison of Canadian and U.S. CSR Strategic Alliances, CSR Reporting, and CSR Performance: Insights into Implicit–Explicit CSR," Journal of Business Ethics, Springer, vol. 143(1), pages 85-98, June.
    5. Elena Valentina Ţilică & Victor Dragotă & Camelia Delcea & Răzvan Ioan Tătaru, 2024. "Portfolio management under capital market frictions: a grey clustering approach," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-36, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bba:j00010:v:3:y:2024:i:4:p:52-69:d:406. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ramona Wang (email available below). General contact details of provider: https://www.anserpress.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.