Green Finance Management and Corporate Sustainable Innovation: Evidence from a Dual-Path Mechanism
グリーンファイナンス経営と企業の持続可能なイノベーション：二重経路メカニズムからのエビデンス (AI 翻訳)
Chenlu Yu, Xiao-Min Wang, Wencan Zhang, Wei Yet Tan
🤖 gxceed AI 要約
日本語
本研究は、グリーンファイナンス経営を戦略的経営能力として概念化し、マレーシア上場企業のパネルデータを用いて持続可能なイノベーションへの影響を分析した。固定効果回帰と並列媒介分析により、グリーンファイナンス経営はグリーン特許と長期ROAを有意に向上させ、その効果はR&D強度とリスク負担能力の二重経路を通じて発現することを示した。直接効果は媒介変数を含めると有意でなくなり、組織再構成を通じたメカニズムが示唆される。
English
This study conceptualizes green finance management as a strategic capability and investigates its impact on corporate sustainable innovation using a panel of Malaysian listed firms. Fixed-effects regression and parallel mediation analysis show that green finance management significantly enhances green patents and long-term ROA through increased R&D intensity and risk-taking capacity. The direct effect becomes insignificant when both mediators are included, indicating a dual-path mechanism of organizational reconfiguration rather than simple capital transfer.
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
本研究はマレーシア企業を対象としているが、グリーンファイナンス経営が企業の持続可能なイノベーションに与える影響を実証しており、日本企業のグリーンファイナンス戦略や開示実務においても、内部資源配分（研究開発、リスクテイク）を通じたイノベーション促進メカニズムを理解する上で示唆に富む。
In the global GX context
This paper provides empirical evidence from an emerging market on how green finance management drives sustainable innovation through internal organizational reconfiguration. It contributes to the global literature on green finance and innovation by identifying R&D intensity and risk-taking as parallel mediators, offering insights for firms and policymakers in both developed and developing economies.
👥 読者別の含意
🔬研究者:Researchers gain a novel dual-path framework linking green finance management to sustainable innovation, with empirical validation from an emerging market.
🏢実務担当者:Corporate sustainability teams can use these findings to justify investments in green finance capabilities as drivers of innovation and long-term performance.
🏛政策担当者:Policymakers in emerging economies can consider supporting green finance management as a tool to boost corporate green innovation.
📄 Abstract（原文）
This study conceptualizes green finance management as a strategic managerial capability and investigates how it influences corporate sustainable innovation performance. Using a multi-industry panel of Malaysian listed firms from 2019–2024, fixed-effects regression and parallel mediation analysis are employed to examine the effects of green finance management on green innovation output and long-term financial performance, with R&D intensity and risk-taking capacity as mediators. Green finance management significantly enhances both green patents and long-term ROA. Its impact on green innovation operates primarily through two internal mechanisms: increased R&D intensity and expanded risk-taking capacity. When both mediators are included, the direct effect becomes insignificant, indicating a robust parallel mediation structure. Green finance functions through organizational reconfiguration rather than mechanical capital transfer, underscoring its managerial role in shaping sustainable innovation trajectories.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.70693/smr.v1i1.8first seen 2026-05-06 00:25:09
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。