How institutional pressures on green innovation are perceived by firms? The role of board social ties

IF 4.8 Q1 BUSINESS Business Strategy and Development Pub Date : 2024-06-30 DOI:10.1002/bsd2.400
Hailiang Zou, Li Zhang, Guoyou Qi
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Abstract

Institutional pressures are major driving forces for firms' green innovation. However, there is significant heterogeneity in firms' responses to these forces due to the complex information environment within the institutional field. Social ties are known to provide information and resources. This study explores how board social ties, including business and political ties, shape firms' responsiveness to formal and informal institutional forces related to green innovation. Using a dataset from Chinese listed companies in the manufacturing sector, we propose that firms' business ties strengthen the effects of various institutional pressures on green innovation. On the other hand, political ties strengthen the impact of environmental regulation on green innovation but weaken the influence of imitative pressure on green innovation. This suggests that political ties can be a double-edged sword in firms' responses to institutional pressures. This research contributes to institutional theory and social capital theory, offering implications for green innovation strategies.

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企业如何看待绿色创新的制度压力?董事会社会关系的作用
制度压力是企业绿色创新的主要驱动力。然而,由于制度领域内信息环境的复杂性,企业对这些力量的反应存在很大的异质性。众所周知,社会关系可以提供信息和资源。本研究探讨了董事会社会关系(包括商业和政治关系)如何影响企业对与绿色创新相关的正式和非正式制度力量的反应。通过使用中国制造业上市公司的数据集,我们提出,企业的商业联系会加强各种制度压力对绿色创新的影响。另一方面,政治关系加强了环境监管对绿色创新的影响,但削弱了模仿压力对绿色创新的影响。这表明,在企业应对制度压力的过程中,政治联系可能是一把双刃剑。这项研究为制度理论和社会资本理论做出了贡献,为绿色创新战略提供了启示。
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来源期刊
Business Strategy and Development
Business Strategy and Development Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
5.80
自引率
6.70%
发文量
33
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