ISSN: 2222-6990
Open access
Green innovation encourages the growth of eco-environmental protection, low-carbon transformation, and other related fields, thereby fostering a healthy increase in firm value. Thus, this study examines the effect of green innovation on firm value of Chinese listed companies. In addition, it attempts to examine the moderating effect of internal control on the relationship. A total of 3,583 observations of China's A-share listed companies from year 2012 to 2021 serve as the research sample for the establishment of panel data. Using Ordinary Least Squares and Fixed Effects regression, findings show that green innovation has a positive but non-significant contributing effect on firm value. However, the presence of internal control has served a positive moderating effect on the relationship between green innovation and firm value. This study expands the research in the field of green innovation and firm value and provides new ideas and inspirations for enterprises to promote firm value through improving green innovation.
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(Li et al., 2024)
Li, X., Saat, M. M., & Liu, Y. (2024). The Effect of Green Innovation on Firm Value: The Moderating Role of Internal Control. International Journal of Academic Research in Business and Social Sciences, 14(1), 1723–1734.
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