Unleashing the power of green culture: Exploring the path to sustainable development performance in enterprises

IF 9.9 1区环境科学与生态学 Q1 DEVELOPMENT STUDIES

Sustainable Development Pub Date : 2023-12-05 DOI:10.1002/sd.2831

Fuping Bai, Yujie Huang, Qi Zhang, Mengting Shang

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引用次数: 0

Abstract

How does green culture unleash the power of informal institutions to promote the low‐carbon transformation of production methods and achieve sustainable economic development? Limited literature examines this from the perspective of corporate culture. This study employs a comprehensive evaluation method to effectively identify “green”‐oriented corporate culture and selects Chinese A‐share listed companies from 2011 to 2021 as the research sample to systematically investigate the impact of green culture on sustainable development performance (SDP) and its mechanisms. The research findings indicate that: (1) Green culture can enhance both financial performance and Environmental and Social Responsibility (E&S) performance of companies, thereby improving their SDP. (2) Mechanism analysis reveals that green culture effectively enhances SDP through the promotion of green transformation, including green technological transformation and green managerial transformation. (3) Heterogeneous analysis reveals that CEO's green experiences and higher social responsibility pressure act as boundary factors that strengthen the relationship between green culture and SDP. This study enriches the theoretical research scope of green culture and provides empirical insights and guidance for promoting sustainable development practices in companies.

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释放绿色文化的力量：探索企业可持续发展绩效之路

绿色文化如何释放非正式制度的力量，促进生产方式的低碳转型，实现经济的可持续发展?有限的文献从企业文化的角度来考察这一点。本研究采用综合评价方法有效识别“绿色”导向的企业文化，选取2011 - 2021年中国a股上市公司为研究样本，系统探讨绿色文化对可持续发展绩效的影响及其机制。研究结果表明:(1)绿色文化可以提高企业的财务绩效和环境与社会责任绩效，从而提高企业的可持续发展水平。(2)机制分析表明，绿色文化通过促进绿色转型，包括绿色技术转型和绿色管理转型，有效地提高了SDP。(3)异质性分析表明，CEO的绿色经历和较高的社会责任压力是强化绿色文化与SDP关系的边界因素。本研究丰富了绿色文化的理论研究范围，为推动企业可持续发展实践提供了实证见解和指导。

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来源期刊

Sustainable Development Multiple-

CiteScore

17.30

自引率

11.20%

发文量

168

期刊介绍： Sustainable Development is a publication that takes an interdisciplinary approach to explore and propose strategies for achieving sustainable development. Our aim is to discuss and address the challenges associated with sustainable development and the Sustainable Development Goals. All submissions are subjected to a thorough review process to ensure that our readers receive valuable and original content of the highest caliber.