The impact of corporate ESG performance on green innovation capability :The moderating roles of market competition intensity and environmental uncertainty

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Abstract

Innovation is the primary productive force. This research empirically investigates the relationship between green innovation capabilities and Environmental, Social Responsibility, and Corporate Governance (ESG) performance from 2008 to 2022. It concludes that strong company ESG performance helps foster green innovation capabilities. Increased environmental uncertainty affects corporate ESG performance on green innovation skills because it makes it more challenging to react to shifting circumstances in the external environment with prompt strategy adjustments. Increased market competition is forcing businesses to improve their capacity for green innovation. The objective of this research is to acquire a more profound comprehension of the correlation between organizations' ability to innovate sustainably and their success in the environmental space. Further comparison analysis shows that how successfully green technology is produced is significantly influenced by the performance of companies that are not categorized as high-tech organizations. In addition to offering a thorough examination of the numerous elements affecting the advancement of eco-friendly technology, this article aims to offer a workable strategy for the growth of sustainable businesses.

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