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Результаты исследований: Вклад в журнал › Статья › Рецензирование
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TY - JOUR
T1 - Does green technology innovation benefit corporate financial performance? Investigating the moderating effect of media coverage
AU - Qing, Lingli
AU - Alnafrah, Ibrahim
AU - Dagestani, Abd
N1 - This work was supported by the Philosophy and Social Science Foundation of Hunan Province (No. 20YBA143).
PY - 2024
Y1 - 2024
N2 - The premise of being “green” is often perceived as socially beneficial, yet its financial implications remain uncertain. To address this gap, we examine the complex relationship between green technology innovations (GTIs) and corporate financial performance (CFP) in the semiconductor industry. Our research revealed a crucial distinction between the two types of GTIs: proactive and reactive. Proactive GTIs have emerged as strong drivers of positive impact on CFP, positioning themselves as attractive and financially beneficial investments. Conversely, reactive GTIs negatively influence a firm's financial performance, raising questions about its long-term viability. Additionally, our research goes beyond this core relationship to explore the moderating influence of media coverage on GTI–CFP dynamics by focusing on both print and new media. Interestingly, print media amplifies the favorable connection between GTIs and CFP, suggesting its role in shaping perceptions and stakeholder engagement. Surprisingly, new media weakens this connection, highlighting the complex interplay between digital platforms and CFP. Moreover, our study highlights the fact that the impact of GTIs and media coverage on CFP is particularly pronounced among smaller companies, thereby offering strategic insights for firms of varying sizes. These nuanced findings contribute substantially to our understanding of GTI adoption and the role of media in informal environmental regulation, ultimately providing valuable guidance for semiconductor companies and investors navigating the “green” landscape. © 2023 ERP Environment and John Wiley & Sons Ltd.
AB - The premise of being “green” is often perceived as socially beneficial, yet its financial implications remain uncertain. To address this gap, we examine the complex relationship between green technology innovations (GTIs) and corporate financial performance (CFP) in the semiconductor industry. Our research revealed a crucial distinction between the two types of GTIs: proactive and reactive. Proactive GTIs have emerged as strong drivers of positive impact on CFP, positioning themselves as attractive and financially beneficial investments. Conversely, reactive GTIs negatively influence a firm's financial performance, raising questions about its long-term viability. Additionally, our research goes beyond this core relationship to explore the moderating influence of media coverage on GTI–CFP dynamics by focusing on both print and new media. Interestingly, print media amplifies the favorable connection between GTIs and CFP, suggesting its role in shaping perceptions and stakeholder engagement. Surprisingly, new media weakens this connection, highlighting the complex interplay between digital platforms and CFP. Moreover, our study highlights the fact that the impact of GTIs and media coverage on CFP is particularly pronounced among smaller companies, thereby offering strategic insights for firms of varying sizes. These nuanced findings contribute substantially to our understanding of GTI adoption and the role of media in informal environmental regulation, ultimately providing valuable guidance for semiconductor companies and investors navigating the “green” landscape. © 2023 ERP Environment and John Wiley & Sons Ltd.
UR - http://www.scopus.com/inward/record.url?partnerID=8YFLogxK&scp=85176104945
UR - https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=tsmetrics&SrcApp=tsm_test&DestApp=WOS_CPL&DestLinkType=FullRecord&KeyUT=001098335300001
U2 - 10.1002/csr.2659
DO - 10.1002/csr.2659
M3 - Article
VL - 31
SP - 1722
EP - 1740
JO - Corporate Social Responsibility and Environmental Management
JF - Corporate Social Responsibility and Environmental Management
SN - 1535-3958
IS - 3
ER -
ID: 56645129