ESG Performance and Green Innovation Nexus: Insights From Indian Manufacturing Titans

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2025-06-25 DOI:10.1002/bse.70041

Mithilesh Gidage, Shilpa Bhide

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引用次数: 0

Abstract

The existing literature highlights the influence of green intellectual capital (GIC), green finance (GF), and green innovation (GI) on firms' environmental performance; however, significant gaps persist regarding their impact on ESG performance. To address this gap, our study delves into the intricate interplay between GIC, GF, GI, and ESG performance. In this study, we posit that the interplay among GIC, GF, GI, and ESG performance is more complex than traditionally acknowledged. Contrary to previous assumptions, we posit that GIC and GF do not directly correlate with ESG performance. Instead, we propose that GI acts as a mediator between GIC, GF, and ESG performance. Moreover, we argue that ESG strategies not only directly affect ESG performance but also moderate the relationship between GI and ESG outcomes. To substantiate our assertions, we employ structural equation modeling using data collected from senior decision‐makers in 77 Indian manufacturing firms listed on the NIFTY India Manufacturing Index. Our empirical findings provide robust support for most hypotheses, shedding light on the nuanced dynamics within the realm of ESG performance.

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ESG绩效与绿色创新关系：来自印度制造业巨头的见解

现有文献强调绿色智力资本（GIC）、绿色金融（GF）和绿色创新（GI）对企业环境绩效的影响；然而，在它们对ESG绩效的影响方面，仍存在重大差距。为了解决这一差距，我们的研究深入研究了GIC、GF、GI和ESG绩效之间复杂的相互作用。在本研究中，我们假设GIC、GF、GI和ESG绩效之间的相互作用比传统认识的更为复杂。与之前的假设相反，我们假设GIC和GF与ESG绩效不直接相关。相反，我们认为GI在GIC、GF和ESG绩效之间起中介作用。此外，我们认为ESG策略不仅直接影响ESG绩效，而且还调节GI与ESG结果之间的关系。为了证实我们的断言，我们采用结构方程模型，使用从NIFTY印度制造业指数上列出的77家印度制造业公司的高级决策者收集的数据。我们的实证研究结果为大多数假设提供了强有力的支持，揭示了ESG绩效领域内的微妙动态。

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

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.