How Does Green Innovation Affect Corporate Profitability? An Empirical Study Based on the Mediating Effect of Green Patents of Agricultural Listed Companies
グリーン・イノベーションは企業収益にどのように影響するか？農業上場企業のグリーンパテントの媒介効果に基づく実証研究 (AI 翻訳)
Ziqi Zhang, Shuangxiao Li
🤖 gxceed AI 要約
日本語
中国の農業上場企業を対象に、グリーン・イノベーションが企業収益に与える影響を実証分析。グリーンパテントを媒介変数とし、研究開発強度と資金調達制約の2次元から測定。研究開発強度は収益性に負の影響、資金調達制約は正の影響を与える一方、グリーンパテントの媒介効果は異なる方向性を示す。地域・時期による異質性も確認。
English
This empirical study examines how green innovation affects profitability of Chinese agricultural listed companies using green patents as a mediator. R&D intensity negatively impacts profitability while financing constraints positively impact it, with green patents mediating these relationships in opposite directions. Heterogeneity exists across regions and periods.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国の農業セクターにおけるグリーン・イノベーションと収益性の関係を実証。中国の「双炭」目標達成のための企業レベルでの取り組みを示唆。日本の農業分野でのGX推進にも参考となる可能性がある。
In the global GX context
This paper provides empirical evidence on how green innovation affects firm profitability in China's agricultural sector, relevant for global discussions on sustainable agriculture and corporate green transformation. It highlights the role of green patents as a mediator.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the green innovation-profitability link in agricultural firms, with implications for resource allocation.
🏢実務担当者:Offers insights on balancing R&D intensity and financing constraints for green innovation.
🏛政策担当者:Informs policies for promoting green innovation in agriculture, especially regarding patent incentives.
📄 Abstract（原文）
In the context of global sustainable development strategies and China’s “dual carbon” goals, green innovation has become a critical driving force for the transformation and development of agricultural enterprises. This study takes Chinese A-share agricultural listed companies from 2016 to 2024 as the research sample and systematically examines the impact mechanism of green innovation on corporate profitability. It particularly introduces green patents as a mediating variable to reveal the transmission path between green innovation and profitability. The study employs the entropy weight method to construct a comprehensive corporate profitability score. Green innovation is measured from two dimensions: R&D intensity and financing constraints. Empirical tests are conducted using multiple regression models. The results show that R&D intensity has a significant negative impact on corporate profitability, while financing constraints exert a significant positive impact. Green patents play a positive mediating role between R&D intensity and profitability, but a negative mediating role between financing constraints and profitability. Heterogeneity analysis indicates that the above relationships are more pronounced in the northern regions and in the post-epidemic period. The findings provide empirical support and policy implications for agricultural listed companies to optimize green innovation resource allocation and enhance profitability, and offer experience and path references from the Chinese capital market for global agricultural green transformation and sustainable development.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.70267/fer.250302.208224first seen 2026-05-15 21:23:19
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