Green innovation and firm performance in China: Empirical insights from A-share listed manufacturers

dc.contributor.authorWu, Ganglong
dc.contributor.authorSalman, Syed Ahmed
dc.contributor.authorHuang, Baoting
dc.contributor.authorWang, Tengkun
dc.date.accessioned2026-06-03T10:23:02Z
dc.date.available2026-06-03T10:23:02Z
dc.date.issued2026
dc.description.abstract-translatedAs environmental challenges intensify globally, green innovation has become a strategic imperative for firms seeking to balance ecological responsibility with sustained competitiveness. We examine whether green innovation improves firm performance in China’s manufacturing sector. Using panel data on 1,033 A-share manufacturers (2014–2023; 10,330 firm-years), we estimate two-way fixed-effects models (firm and year fixed effects (FE)) with cluster-robust standard errors (SE). Green innovation is measured by green patent outputs; firm performance is proxied by average return on equity (ROEAVG), with return on invested capital (ROIC) as a robustness outcome. Results show a positive and statistically significant association on average, with stronger effects in more developed regions. Findings remain under lagged-specification checks and alternative outcome measures. Conceptually, we extend the resource-based view by framing green innovation as a capability bundle whose payoff is conditioned by institutional context and absorptive capacity. Practically, predictable enforcement and disclosure raise both the quantity and influence of green patents and improve market pricing of eco-innovation; targeted, adoption-cost-reducing incentives tied to substantive innovation help curb greenwashing.en
dc.description.sponsorshipThis study was supported by grant No. LRB202408 Optimal Contest Design: Sabotage-Proof and Discrimination Policies of the Doctoral Research Start-Up Foundation of Liming Vocational University and grant No. 2022H18 Research on the Impact of Entrepreneurship on the Innovation Performance of Private Enterprises of the Quanzhou Social Science Planning Project.
dc.format17 s.cs
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.15240/tul/001/2026-2-008
dc.identifier.issn2336-5604 (Online)
dc.identifier.issn1212-3609 (Print)
dc.identifier.orcidWu, Ganglong 0009-0000-5503-0176
dc.identifier.orcidSalman, Syed Ahmed 0000-0001-7101-5961
dc.identifier.orcidHuang, Baoting 0000-0001-7456-0842
dc.identifier.orcidWang, Tengkun 0009-0008-7102-8613
dc.identifier.urihttp://hdl.handle.net/11025/68232
dc.language.isoenen
dc.publisherTechnická univerzita v Libercics
dc.rightsCC BY-NC 4.0en
dc.rights.accessopenAccessen
dc.subjectzelené inovacecs
dc.subjectvýkonnost firemcs
dc.subjectpřístup založený na zdrojíchcs
dc.subjectvýrobní sektorcs
dc.subjectregionální heterogenitacs
dc.subjectudržitelný rozvojcs
dc.subject.translatedgreen innovationen
dc.subject.translatedfirm performanceen
dc.subject.translatedresource-based viewen
dc.subject.translatedmanufacturing sectoren
dc.subject.translatedregional heterogeneityen
dc.subject.translatedsustainable developmenten
dc.titleGreen innovation and firm performance in China: Empirical insights from A-share listed manufacturersen
dc.typečlánekcs
dc.typearticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
local.files.count1*
local.files.size630132*
local.has.filesyes*

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