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所属单位：国际商学院

发表刊物：Finance Research Letters

项目来源：国家自然科学基金项目

摘要：This study investigates the impact of strategic deviation on corporate green innovation. Using a sample of Chinese listed companies during 2006–2019, we find that strategic deviation is negatively associated with corporate green innovation. Mechanism tests show that strategic deviation increases agency costs and information asymmetry, intensifies financial constraints, and thus reduces corporate green innovation. Heterogeneity analyses suggest that the characteristics of state-owned enterprises and heavily polluting industries partially offset the negative impact of strategic deviation on corporate green innovation. This study contributes to the growing literature on the economic consequences of strategic deviation and has policy implications for promoting corporate green innovation.

论文类型：期刊论文

卷号：1

字数：10000

ISSN号：1544-6131

是否译文：否

CN号：无

发表时间：2023-04-18

第一作者：文雯

合写作者：Fei Qiao,Ying He