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The impact of Confucianism on the efficiency of enterprises green innovation

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  • Dong, Zhenlin
  • Li, Hong

Abstract

Green innovation is a strategic key for enterprises to gain competitive advantage. However, few studies have focused on the efficiency of green innovation, especially on the influence mechanism of Confucianism on the efficiency of green innovation. Therefore, based on the perspective of social responsibility theory, this paper empirically examines the influence of Confucianism on the efficiency of corporate green innovation and the mediating role of CSR, using A-share listed companies from 2011 to 2021 as the research sample. The findings provide a new perspective for improving the efficiency of corporate green innovation, and promoting the high-quality development of green ecological civilization.

Suggested Citation

  • Dong, Zhenlin & Li, Hong, 2023. "The impact of Confucianism on the efficiency of enterprises green innovation," Finance Research Letters, Elsevier, vol. 58(PA).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pa:s1544612323006050
    DOI: 10.1016/j.frl.2023.104233
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    References listed on IDEAS

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    Cited by:

    1. Huang, Qinghua & Yuan, Wei & Zheng, Chengsi & Chen, Kaiming & Chen, Xiding & Wang, Yi & Li, Changke, 2024. "Can Confucianism improve ESG performance?," Finance Research Letters, Elsevier, vol. 64(C).
    2. Liu, Deyu & Wang, Kefan & Liu, Jialin, 2024. "Can social trust foster green innovation?," Finance Research Letters, Elsevier, vol. 66(C).
    3. Wang, Xiaoyu & Long, Zhineng & Zhao, Xiangfang, 2024. "Merchant guild culture and cash holdings: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 94(C).

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