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Analysis of Technology Mergers and Acquisitions on Enterprises’ Green Technology Innovation: Moderating Effects of Environmental Regulation and Environmental Uncertainty

Author

Listed:
  • Chao Chen

    (School of Economics and Management, East China Jiaotong University, Nanchang 330013, China)

  • Jianmin Liu

    (School of Economics and Management, Nanchang University, Nanchang 330031, China)

  • Ying Tao

    (School of Economics and Management, Nanchang University, Nanchang 330031, China)

  • Wenye Fan

    (School of Economics and Management, Nanchang University, Nanchang 330031, China)

  • Jingjing Qian

    (School of Economics and Management, Nanchang University, Nanchang 330031, China)

Abstract

Enterprises’ green technology innovation is often subject to dilemmas related to resource limitations and innovation compensation. Technology mergers and acquisitions (M&A) may incentivize green innovation but may also have an inhibiting effect. We took A-share listed companies in China from 2007 to 2021 as a sample, using 1577 technology M&A samples to examine the impact of technology M&A on enterprises’ green technology innovation, including the moderating effects of environmental regulation, environmental uncertainty, and board members’ educational background. We found that technology M&A can effectively stimulate enterprises’ green technology innovation. We also found that as the diversity of board members’ educational background, environmental uncertainty, and environmental regulations increase, the effect of technology M&A on incentives for green technology innovation becomes clearer. The research results provide a theoretical basis for optimizing the market environment of technology M&A, reasonable M&A modes, and green technology innovation.

Suggested Citation

  • Chao Chen & Jianmin Liu & Ying Tao & Wenye Fan & Jingjing Qian, 2024. "Analysis of Technology Mergers and Acquisitions on Enterprises’ Green Technology Innovation: Moderating Effects of Environmental Regulation and Environmental Uncertainty," Sustainability, MDPI, vol. 16(20), pages 1-31, October.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:20:p:8998-:d:1500930
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