Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2063919
Does corporate green investment enhance profitability? An institutional perspective
Fahad Khalid
Khwaja Naveed
Rab Nawaz
Xinhui Sun
Yongmin Wu
Chengang Ye
Sažetak
Using the institutional theoretical perspective, this study seeks to
unearth the antecedents of the mixed results in the extant literature
regarding the association between corporate green investment
(CGI) and profitability. The study utilized a novel dataset
comprising environmental research data from Chinese A-share
listed companies for the period 2010–2019. The findings indicate
that CGI enhances profitability and that the positive association is
reinforced by the promulgation of Environmental Protection Law
2015. Regional development also augments CGI’s positive effect
on firms’ profitability. Nevertheless, no significant association is
observed between firm profitability and CGI among firms operating
within environmentally sensitive sectors. Our findings imply
that apart from regulatory forces, normative and cognitive pressures
are also key instruments that may be employed by governments
to motivate firms to embrace greener and more
sustainable practices.
Ključne riječi
Corporate green investment; China; environment protection law; institutional theory; profitability; strategy
Hrčak ID:
303718
URI
Datum izdavanja:
31.3.2023.
Posjeta: 669 *