Business, Management and Accounting
4 years ago

Environmental regulation boosts financial performance through green process innovation, study finds.

Business Strategy and the Environment
How do firms achieve sustainability through green innovation under external pressures of environmental regulation and market turbulence?
Lu Qiu, Die Hu, Yu Wang

Paper Summary

Firms can become more environmentally friendly by innovating in their processes or products. Environmental rules make firms more profitable by improving processes, while market changes boost profits by creating new green products. This was shown in a study of 472 Chinese companies from 2006 to 2017.

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