Unveiling the green innovation paradox: Exploring the impact of carbon emission reduction on corporate green technology innovation

IF 12.9 1区管理学 Q1 BUSINESS

Technological Forecasting and Social Change Pub Date : 2024-07-18 DOI:10.1016/j.techfore.2024.123562

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Abstract

This study adopts Porter's hypothesis as its theoretical framework and focuses on Chinese A-share listed companies. Using a multidimensional fixed effect model and mechanism analysis, it investigates the impact of carbon emission reduction on enterprises' green technological innovation. The findings reveal a notable inverted U-shaped relationship between carbon emission reduction and corporate green technology innovation, highlighting the presence of the green innovation paradox. Additionally, the study demonstrates that carbon emission reduction positively influences green technology innovation by promoting the fulfillment of corporate environmental, social, and governance (ESG) responsibilities. Furthermore, through panel threshold model analysis, it identifies a threshold value of 21.1448 for corporate ESG responsibility, beyond which the inhibitory effect on corporate green technological innovation shifts to facilitation. By establishing a novel theoretical analysis framework, this paper contributes to the understanding of corporate carbon emission reduction, ESG responsibility fulfillment, and green technology innovation. Moreover, it provides practical insights on implementing carbon emission reduction targets, advancing ESG system construction, and enhancing green technology innovation capacity for enterprises.

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揭开绿色创新悖论的面纱：探索碳减排对企业绿色技术创新的影响

本研究以波特假说为理论框架，以中国 A 股上市公司为研究对象。采用多维固定效应模型和机制分析方法，研究碳减排对企业绿色技术创新的影响。研究结果表明，碳减排与企业绿色技术创新之间存在明显的倒 U 型关系，凸显了绿色创新悖论的存在。此外，研究还表明，碳减排通过促进企业履行环境、社会和治理（ESG）责任，对绿色技术创新产生积极影响。此外，研究还通过面板阈值模型分析，确定了企业 ESG 责任的阈值为 21.1448，超过该阈值，对企业绿色技术创新的抑制作用将转变为促进作用。通过建立新颖的理论分析框架，本文有助于理解企业碳减排、ESG责任履行和绿色技术创新。此外，本文还为企业落实碳减排目标、推进 ESG 体系建设、提升绿色技术创新能力提供了实践启示。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Technological Forecasting and Social Change Multiple-

CiteScore

21.30

自引率

10.80%

发文量

813

期刊介绍： Technological Forecasting and Social Change is a prominent platform for individuals engaged in the methodology and application of technological forecasting and future studies as planning tools, exploring the interconnectedness of social, environmental, and technological factors. In addition to serving as a key forum for these discussions, we offer numerous benefits for authors, including complimentary PDFs, a generous copyright policy, exclusive discounts on Elsevier publications, and more.