IDEAS home Printed from https://ideas.repec.org/a/eee/ingrde/v3y2024i4s2949753124000389.html
   My bibliography  Save this article

ESG reporting, corporate green innovation and interaction role of board diversity: A new insight from US

Author

Listed:
  • Mohy-ud-Din, Kamran

Abstract

The Corporates’ operations play a crucial role in environmental, social, and governance (ESG) practices to improve green innovation; thus, how to promote green practices through effective ESG reporting has attracted the attention of researchers. Through this lens, the current study seeks to explore the impact of ESG reporting on the direct and interaction impact of board diversity on green innovation in the context of a developed economy like the U.S. A total of 334 non-financial companies listed in the S&P 1500 Index were sampled for the period 2010 to 2021. Results of the study revealed that ESG rating has a significant and positive impact on the environmental pillar (EPS) and innovation scores (EIS). In addition, the CSR strategy score also has a positive relationship with EPS. Furthermore, board diversity positively impacts the relationship between ESG score, EPS, and EIS. Findings indicate that ESG reporting in U.S. firms improves green revenues, product innovation, and R&D activities aimed at promoting green innovation practices. Secondly, the CSR score also positively contributes to green innovation. Larger social and environmental practices (CSR) in US companies indicate higher eco-efficiency and implementation of clean technologies. In addition, board diversity in the US firms fosters green innovation through investments in green technologies and manufacturing eco-designed products. Based on our research findings, this study supports the stakeholder theory, a resource-based view, and the Upper-echelon theory.

Suggested Citation

  • Mohy-ud-Din, Kamran, 2024. "ESG reporting, corporate green innovation and interaction role of board diversity: A new insight from US," Innovation and Green Development, Elsevier, vol. 3(4).
    • Handle: RePEc:eee:ingrde:v:3:y:2024:i:4:s2949753124000389
    DOI: 10.1016/j.igd.2024.100161
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2949753124000389
    Download Restriction: Open-access
    File URL: https://libkey.io/10.1016/j.igd.2024.100161?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Du, Zhi-Li & Kong, Wei & Chang, Chun-Ping, 2024. "Does local official stress hurt regional economic development? Survey evidence from Chinese grassroot cadres," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 978-989.

    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:eee:ingrde:v:3:y:2024:i:4:s2949753124000389. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/innovation-and-green-development .

    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.