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Green innovation and cross-border strategic alliance announcements: Evidence from China

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  • Li, Wanli
  • Zhang, Xinyue

Abstract

This paper investigates how corporate green innovation affects the formation of cross-border strategic alliances. The results show that firms in China developing green innovation have a greater chance of forming cross-border strategic alliances. This positive effect is more pronounced for Chinese firms with environmental disclosure and located in cities with stricter environmental regulations. Our study sheds light on how green innovation affects the formation of cross-border strategic alliances and has important implications for Chinese firms seeking to build a cross-border strategic alliance.

Suggested Citation

  • Li, Wanli & Zhang, Xinyue, 2023. "Green innovation and cross-border strategic alliance announcements: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PB).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007262
    DOI: 10.1016/j.frl.2023.104354
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    References listed on IDEAS

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    More about this item

    Keywords

    Green innovation; Cross-border strategic alliance; Environmental disclosure; Environmental regulation;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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