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This research examines the proposition that enhancing sustainable innovation can be particularly effective when the focus is on strategy, machine learning, and digitalization. The study specifically targets the complex interactions among strategic alignment (SA), sustainability-oriented innovation (SOI), and digital transformation (DT) within small and medium-sized enterprises (SMEs) in Saudi Arabia, particularly within the service sector. A moderated mediation framework was constructed to analyze the influence of SA on SOI, the mediating role of DT, and the moderating effect of strategic orientation (SO). Data were collected through structured surveys from 339 SMEs using a quantitative research design and a cross-sectional methodology. The partial least squares structural equation modeling (PLS-SEM) technique was employed to validate the proposed framework and hypotheses. The results indicate that SA significantly boosts SOI, with DT acting as a strong mediator in this connection. Furthermore, SO moderates the relationships between SA and SOI, SA and DT, and DT and SOI, highlighting its essential role in shaping the dynamics of sustainable innovation. These findings emphasize the necessity of aligning strategic initiatives with digital advancements to foster innovation that achieves a balance among economic, social, and environmental objectives. This study contributes to existing literature by filling the research gap regarding SOI and DT in Saudi SMEs and offers practical insights for SMEs facing sustainability challenges. Future research should delve deeper into digital technology configurations, industry-specific contexts, and cross-national applications to improve the applicability of these findings. [ABSTRACT FROM AUTHOR]

The quality of the digital infrastructure supporting decisions is an important factor in the preparation phase of any environmental policy action, and this quality can greatly reduce the level of transaction costs. However, the development of a solution for Coaseian bargaining raises several unsolved technical problems to be able to efficiently decrease external costs. Here, we show the recommended structure of an information and communication technology (ICT)-based software infrastructure that aims to guide relevant stakeholders to achieve environmental deals and enhance green innovations. After reviewing the existing methods, practical solutions, and economics of transaction costs, we selected the design process of a new platform. We identified the functionality modules of the ICT infrastructure with descriptions of the features. Our results demonstrated that the establishment of an ICT-based e-governance system featuring participatory modeling could efficiently reduce transaction costs based on the widely used typology of them. We found that our platform could improve the involvement of any group of stakeholders through collaboration. Furthermore, we elaborate on the assessment of risks and evaluate the potential to avoid serious risks during the implementation or operation of the system. We anticipate our paper to be an initial step in the implementation of an innovative platform for the interested parties of environmental policy actions. [ABSTRACT FROM AUTHOR]

Research on international technology transfer and partnership agreements provides a comprehensive understanding of country‐level impacts of intellectual property (IP) rights on sustainability transitions. However, firm‐level studies on how firms use and share their IP to support sustainability practices remains limited. The paper disentangles the relationship between firm‐level IP models and sustainability practices drawing from a cross‐case analysis of 28 firms offering sustainable innovations across four sectors. Analysis of firms' year‐wise data collected from 854 documents (typically 1996–2021) and 58 in‐depth interviews exploring linkage between IP models and sustainability practices of firms engaged in sustainable innovation provide six key findings: (a) emphasis on safeguarding registered and unregistered IP assets among firms with sustainable innovations; (b) widespread adoption of selectively open inbound IP models coupled with diverse IP sharing mechanisms; (c) a preference for collaborative (joint) IP ownership among internally driven firms, contrasting with a tendency for exclusive in‐licensing among those reacting to external pressures; (d) a divergence in outbound IP models, with internally motivated firms favouring selectively open approaches and externally driven firms favouring closed IP models; (e) the adoption of fully open outbound IP models democratize sustainable innovation diffusion; and (f) leveraging broadly open outbound IP models alongside closed or selectively open models balances widespread use with access control and achieves significant social sustainability. A framework is hence developed to guide technology‐sharing policies and procedures. Therefore, the paper creates a platform for prescribing sustainable IP incentives for encouraging firms to share IP for wider diffusion of sustainable innovations. [ABSTRACT FROM AUTHOR]

The increasing awareness of the role of fossil fuels in global warming, fluctuating oil and gas prices, and governments' commitments to phase out fossil fuels are driving the Norwegian oil and gas industry to increasingly aim for a transition to more sustainable renewable energy. There are few studies investigating how highly emission‐intensive oil and gas firms can transition into greener industries. In this multiple‐case study, we investigate how these firms can develop green innovations and enter renewable industries by developing dynamic capabilities. We find several microfoundations of dynamic capabilities that are important for green innovation development. Expanding the search window and proactive behavior are key for identifying new opportunities, while developing market insight, cross‐sector collaboration, and structural ambidexterity are crucial to seize and reconfigure opportunities. The findings also illuminate how firm strategy in the sensing stage impacts what opportunities firms seize. The study is one of few studies that explore the microfoundations of dynamic capabilities necessary for entering new and unfamiliar markets, and it contributes to the understanding of the dynamics of the underlying microfoundations and the impact of green innovation type on these dynamics. [ABSTRACT FROM AUTHOR]

This study intensively examines the circumstances in which multifaceted green innovations (GI) play a role in driving business performance for small and medium enterprises (SMEs) in an upsurging economy. Accordingly, the role of managerial environmental concern (MEC) is explored in the link between GI dimensions and corporate performance. This study adopts a quantitative approach and conducts a partial‐least square structural equation model (PLS‐SEM) for analysis using the primary survey‐based information. There were 424 valid samples collected. The findings indicate that GI dimensions (management, process, product, and technology) significantly and positively affect corporate performance. In these connections, MEC plays a moderating role. The originality of this study lies in its revolutionary strategy for enhancing SME sustainability in emerging economies. Thus, it contributes values not only to the theoretical ground but also to business practitioners, academics, and policymakers oriented towards sustainable development. [ABSTRACT FROM AUTHOR]

Copyright of Transformations in Business & Economics is the property of Vilnius University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The growing use of technologies allows enterprises to introduce green processes to reduce the impact of the production on the environment, and to obtain competitive advantage. Green production differs from the conventional production in its emphasis on environmental guidelines, which reduce costs, increase profitability, and make the organizations more competitive. There is very limited normative literature on the relationship between digital transformation and green innovation, therefore this study proposes to answer how digital transformation and environmental innovations are interconnected, and which technologies and green processes are important for achieving a higher level of sustainability. We conducted a systematic review where we combine a bibliometric study to analyze the interconnectedness of environmental innovations and digital transformation and a content analysis with focus on the technologies and processes that promote higher levels of sustainability. We expect that our findings support scholars and practitioners to explore empirical evidence of this relationship. [ABSTRACT FROM AUTHOR]

The pursuit of sustainable development has received much attention recently as nations confront increasing environmental, social, and economic difficulties. In order to comprehend sustainable development's many facets and provide a plan for achieving them, this study conducts a thorough analysis of the concept. The study's dependent variable, environmental footprint, is based on a research model. On the other hand, financial inclusion, human capital development, green growth, technological innovation, and renewable energy are the independent factors. This study used secondary data collected between 1990 and 2022. To better capture the variable indicators, the index for green growth is constructed using the entropy-weighted technique. The panel dataset problem was resolved by using diagnostic tests, which include cointegration, correlation, cross-sectional dependence, variance inflation factor (VIF), and stationarity tests. The findings of the diagnostic test indicated that a fully modified ordinary least square would be the best approach to use with this panel. According to the findings, the long-term variance is 55%. Renewable energy, green growth, and technological innovation have a substantial negative link with financial risk, while greenhouse gas emissions, financial inclusion, and human capital development have a significant and positive relationship. Environmental sustainability may benefit from policies that the government creates and funds for sustainable development. The findings imply that the government should provide incentives in terms of financial resilience to technological innovations and natural resources so that they would switch to green sources and help to improve the quality of the environment that would be sustainable. [ABSTRACT FROM AUTHOR]

This study intends to explore the nexus of green technological innovations, financial development, and Fintech with environmental sustainability. It employs data from Asian economies spanning from 2012 to 2021. We intend to examine the impact of green innovations, Fintech, and financial development (measured through access to financial institutions and efficiency of financial markets) on Environmental Sustainability (measured through carbon emissions). After addressing the issues of slope heterogeneity, cointegration, and CSD, this study employs the CS-ARDL model to explore the connectedness between proposed variables. We find that Fintech and the efficiency of financial markets enhance carbon emissions, thus deteriorating environmental sustainability. On the other hand, access to financial institutions and green technological innovations improves ecological sustainability. The findings are essential for Asian economies and policymakers to attain better environmental quality. [ABSTRACT FROM AUTHOR]

The article extends beyond conventional models and indicators by initially attempting to capture the complex effects of green technological innovations and changes in natural resource extraction and natural gas production on a novel environmental quality indicator (CO, intensity, CO2ei) for the BRICS countries from 1990 to 2020. The empirical analysis for the candidate panel was conducted using robust analytical techniques, including the fully modified OLS (FMOLS), dynamic OLS (DOLS), canonical correlation regression (CCR), and seemingly unrelated regression (SUR). The results corroborated the role of green technological innovations as an effective deterrent against increasing levels of CO2ei. Still, the outcomes suggested that changes in natural gas production and natural resource extraction had escalated CO2ei in the candidate panel. The country-wise analysis reflected significant variance among the candidate panel countries. For instance. the model revealed that natural gas production abated CO2ei in China and India only, while its environmental effects remained adverse in the remaining countries. Per estimations, the unrequited extraction of natural resources facilitated the reduction of CO2ei in Brazil and Russia, but it also raised CO2ei in the rest of the BRICS countries. In addition, the causality estimation highlighted the following causal flows: i) the feedback effect from natural gas production to CO2ei; ii) one-way causality from CO2ei to green technological innovations and from natural resources extraction to CO2ei. The study offers novel and actionable policy recommendations for policymakers and theorists to steer sustainable and environmentally conscious initiatives in the BRICS countries.

Environmental literature keeps expanding on the natural resources‐environmental sustainability conundrum. However, most studies examine this conundrum in different geographical locations other than resource‐rich Sub‐Saharan African (SSA) countries while also neglecting the criticality of issues like green innovations, financial development, and renewable energy. Besides, the likelihood of a nonlinear relationship has often been jettisoned in the framework. Thus, the resources‐sustainability nexus was examined in the SSA using robust econometric techniques, while underscoring the roles of green innovations, renewable energy, and financial development. Using the cross‐sectional augmented auto‐regressive distributed lag (CS‐ARDL), cross‐sectional augmented distributed lag (CS‐DL), and the common correlated effect mean group (CCEMG) approaches that conciliate with residual cross‐sectional dependence and heterogeneity amongst others, we discovered that (i) the natural resources‐sustainability nexus is nonlinear in SSA. (ii) unlike the environmental gains from green innovations and renewables in the SSA, natural resource harms their environmental sustainability (iii) the interaction between financial development and natural resources worsened the ecosystem of the countries (iv) the interaction between natural resources and the duo of green innovations and renewable energy enhances SSA's ecological quality (v) urbanization damage environmental sustainability by spurring ecological footprints. Furthermore, one‐way causality paths were observed from the trio of natural resources, financial development, and green innovations to ecological footprints. But renewable energy and urbanization had a feedback causal relationship with ecological footprints. The findings are robust to CO2 emissions as an alternative environmental quality measure. Policy implications to foster SDGs‐related pollution mitigation agenda were thereafter extensively discussed for the SSA. [ABSTRACT FROM AUTHOR]

The growing concerns of environmental degradation call for attaining higher green growth (GRG) in both developing and developed countries. Therefore, achieving a higher GRG has been a main concern of policymakers worldwide. To this end, a comprehensive policy framework is needed to attain higher level of GRG and sustainable development goals (SDGs). In doing so, this study is an earliest attempt that investigates the impact of economic policy uncertainty, green innovation and financial development on GRG using the data of selected fragile countries during 1996–2019. For this purpose, we use different preliminary tests for checking the reliability of the data and panel quantile regression for testing the association among the variables. The empirical results indicate that economic policy uncertainty, green innovation and financial development contribute to the growth of green economy. The positive association of economic policy uncertainty with GRG is due to the decline in investment and overall energy consumption pattern. Based on the empirical results, this study proposes some policy implications to achieve higher level of GRG and different targets of SDG 08 (economic growth), SDG 09 (innovations), and SDG 13 (climate change). [ABSTRACT FROM AUTHOR]

A feature of the modern world is the constantly increasing flow of innovation, which has caused a chain reaction of technological, institutional and social changes in all spheres of activity. Increasingly noted examples of this are the ‘green’ trend, the ecologisation of innovation processes and enterprises following modern trends in sustainable development. In this study, the authors developed an original methodology to risk-assess (probability of success) green innovations based on a decision tree. The authors’ solution facilitates making an optimal decision on the expediency of launching projects to implement green innovations in the oil and gas sector, such as carrying out entire innovation programs, launching a pilot projects or suspending current programs, based on the expected income. In this paper, the methodological approach is tested using conditional data. The results obtained form the foundation for developing a framework for innovation activities at oil and gas complex enterprises, providing a new (green) view on solving the problems of oil and gas innovations and taking a systemic approach to the analysis of green innovations in the oil and gas sector in the Russian Federation. The findings can be used in strategic planning by oil and gas enterprises, in particular, when deciding on the expediency of initiating green innovation programmes.

Creative territories are geographic spaces of collaboration between different social actors, driving innovations and requiring regulatory mechanisms for sustainability and growth. This paper aims to synthesize available evidence on creative territories through a systematic literature review to analyze the significant actors in creative territories, the type of partnerships between them, the kind of innovations in creative territories, and the regulatory mechanisms for supporting these territories. The Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines were followed to ensure a transparent and systematic approach. A comprehensive search in the Scopus database, employing predefined search terms and inclusion criteria, included 86 articles. The findings revealed several key topics within the existing academic literature on creative territories, including i) the individual social players in creative territories and partnerships and collaborations among them, ii) the various innovations in these territories and sectors, iii) the regulatory mechanisms applied by government and non-government actors. These topics or aspects were further analyzed and categorized to provide a comprehensive overview of the research landscape. The discussion section presents a critical analysis and synthesis of the findings, highlighting that the government supports creative territories through 16 regulatory mechanisms, while the literature highlights at least 5 levels of government intervention. Additionally, private social actors can positively impact creative territories through various regulatory mechanisms, including firm self-regulation, industry self-regulation, and civil regulation, with at least 21 social actors classified into 5 groups collaborating through six types/forms of collaboration. Furthermore, several circumstances and factors should be available to prosper in a particular partnership/collaboration like a clear definition of responsibilities, well-defined rules, mutual benefits, equal collaboration, and solid authority. The findings underscore the importance of creative territories and serve as a valuable resource for researchers, practitioners, and policymakers, offering insights and directions for future research endeavors.

Technological advancement and innovations not only transformed businesses but also optimize numerous functional areas of financial services. Besides, green finance and fintech are also essential tools to achieve sustainable development agendas. Thus, it is imperative to document the evidence that how conducive such factors are to achieve 2030 sustainable development goals. The study, in this regard, is aimed to scrutinize innovation, green finance, financial technologies, and ESG factors altogether in order to determine their effectiveness on sustainable development in Gulf countries in the time span of 2000–2020. The study opts for methods of moments quantile regression (MMQR) and claim that green finance, green innovation, and fintech helps in achieving sustainable development goals. However, among ESG factors, social and governance role is negative in the sampled economies. Findings are interesting for policy makers and government institutions because it assists them to improve governance evaluation system and classification standards so that countries may no longer experience hindrance when indulging in sustainable development actions. [ABSTRACT FROM AUTHOR]

Most of the world's rising carbon emission results from industrial activities. Previous industrial revolutions did not put much thought into safeguarding the natural world. Governments worldwide have been continuously implementing regulations and policies for the mitigation of climate change to promote sustainable development. To achieve decarbonization, the climate change discussion is merged with Industry 5.0 (I5.0) where green finance (GF) plays a crucial role. This technological metamorphosis of transition from Industry 4.0 (I4.0) to I5.0 will affect humans and their society. I5.0 forms a symbiotic relationship with different aspects of Society 5.0 (S5.0) such as social (human‒machine centricity), ecological (zero emissions), and technological (green innovations). Thus, the I5.0 transition prioritizes greening the economy in pursuit of achieving S5.0. Through a systematic review of 196 articles, this research study concisely summarizes the rapidly expanding body of information. The research domain gave six major themes: Green Innovations (GI), Green Manufacturing Practices (GMP), Circular Economy (CE), Green Supply Chain Management (GSCM), Emerging Economies, and Net Zero Economy (NZE). Finally, a framework has been provided that illustrates the supporting role of GF for the I5.0 transition eventually followed by S5.0. This study provides an overview of these themes with their propositions and future research directions. The present study addresses the knowledge gap by providing valuable contributions to the burgeoning research domain of I5.0 and GF. Moreover, it aims to garner the attention of different stakeholders to integrate these two concepts of research to attain the goal of sustainable development. [ABSTRACT FROM AUTHOR]

Implementing green innovation in megaprojects is an effective way to reduce energy consumption, environmental pollution and eliminate environmental externalities. In order to consider the interactive effects of multiple stakeholders, we constructed a tripartite evolutionary game model including the government, the public, and construction enterprises. And investigated the effects of the initial strategy and various parameter adjustments on the players' choices through simulation. In comparison to previous research, we discover that government penalties and subsidies and the degree of public participation all affect the motivation of construction enterprises to execute green innovation. Government behavior and public participation are also interacting, government incentives can encourage public participation on the one hand, while public participation can inhibit negative government regulatory behavior, and environmental contamination by construction enterprises, effectively promoting green innovation in megaprojects on the other. Finally, we attempt to provide solutions for incentivizing green innovation in megaprojects from a synergistic perspective.

There is a notion that finance plays a crucial role in anthropogenic; however, the emerging trends have been observed to incorporate environmental concerns into sustainable financing. Moreover, technological innovations tend to help in achieving carbon neutrality. This research examines the role of green financing (GFIN) and green technologies in dealing with carbon neutrality in G10 economies from 2000 through 2018. Advanced panel estimations; Cross-Sectional ARDL, cross-sectional dependence, unit root test with and without structural breaks, slope homogeneity, and panel cointegration has applied. The long- and short-run estimates confirm that GFIN and technologies promote carbon neutrality. Moreover, the long-run results endorse the validity of the Environmental Kuznets Curve. Similar findings are observed in the short run except for EKC; however, their marginal contribution toward carbon neutrality is relatively higher in the long run. Moreover, the negative sign of the error correction term endorses convergence towards steady-state equilibrium. These results are endorsed by alternative estimators and offer valuable recommendations. [ABSTRACT FROM AUTHOR]

Organizations are shifting their focus towards utilizing green energy in the business process to enhance environmental sustainability. Similar to other business roles, the managerial team in the financial sector has also engaged in environment-friendly operations. A green bond is a new financial approach integrating the protection of the ecosystem into economic profits. This paper analyzes green bonds' intellectual structure, publication, and networking. The bibliometric statistics utilized in the green bonds emerged from the Scopus database. The research examines published works from the most resourceful nations, institutions of higher learning, scholars, and high-profile publications on green bonds. Additionally, the study maps bibliographic coupling and co-citation to visualize the knowledge network. [ABSTRACT FROM AUTHOR]

Environmental transformation is a broad and profound economic and social systemic change, which will certainly influence a number of the economic system fields. In particular, does China's continued low-carbon transition widen the urban–rural income gap while achieving energy conservation and emission reduction targets? This research investigates the effects of low-carbon city pilot (LCCP) programs on urban-rural income gaps and associated mechanisms using a panel of 282 prefecture-level cities from 2007 to 2021. The analysis finds that: (1) LCCP policies exacerbate the urban-rural income disparity in general. In pilot cities, policy implementation widens the urban-rural income difference by roughly 0.5% on average when compared to non-pilot cities. (2) LCCP policies have a direct U-shaped association with employment structure and have a favorable influence on employment structure. (3) The LCCP policies have an inverted U-shaped association with regional innovation capacity, and the LCCP policies have a positive influence on regional innovation capacity. (4) The effects of LCCP policies on urban-rural income disparities vary dramatically between cities based on geography, city size, and resource endowment. The Chinese government should break down market segmentation and encourage urban-rural integration in order to foster technical advancement and scientific and technology innovation, therefore closing the urban-rural income gap and attaining high-quality economic growth in China. [ABSTRACT FROM AUTHOR]

Understanding the efficiency dynamics of green innovations is essential for advancing sustainable economic systems. This study evaluates the efficiency of forty-two countries in producing and utilizing green innovations for clean energy production and in achieving sustainable development goals from 2000 to 2020. Employing a network bias-corrected data envelopment analysis (DEA) and Malmquist productivity analysis, this study explores the adoption of green technology and its effects on economic and environmental efficiency. Findings reveal limited progress in clean energy efficiency across most countries, indicating suboptimal use of green innovations for the goals of affordable and clean energy and climate action). The results show that the efficiency pattern of green innovations follows a U-shaped curve, with initial inefficiencies followed by long-term gains. South American nations and the European Union demonstrate strong performance in integrating green technologies. However, green innovations alone appear insufficient; supportive policies, such as green taxes on emissions and renewable energy initiatives, are crucial for enhancing impact and achieving environmental sustainability. [Display omitted] • The study evaluates countries' green innovation efficiency for renewable energy and SDGs. • Many countries show low efficiency in environmental and renewable energy innovations for SDGs. • Green innovation efficiency shows a U curve pattern. • South America and the EU excel in green innovations for clean energy production. [ABSTRACT FROM AUTHOR]

This article analyses the concept of green innovations. This concept is based on the premise that economic activities should focus on the search for more efficient use of resources. Green innovations are a form of innovation aiming at reducing the negative impact of products and production processes on the environment. The aim of the article is to highlight some of the problematic areas in the way the legal systems of Poland and Georgia treat green innovations. In both analyzed countries, green innovations, are the part of the law that is still forming and its application lacks clarity and consistency. This paper also provides a comparison of the green innovations in Polish and Georgia which allows detection of similar or different solutions in the area of animal protection. The paper also shows the normative solutions in this area. The study of the outlined problems was mainly based on the comparative, dogmatic, and legal method. The article finishes with synthetic conclusions.

The alarming impact of climate change and environmental pollutants has increased the focus of policymakers and think tanks' focus on formulating environmental regulations. Environmental regulations may reduce emissions directly and indirectly, as postulated by the famous Porter Hypothesis. It shows that environmental regulation may enhance pollution-reducing innovation by reducing agency costs while at the same time increasing firms' private benefit. The study is designed to investigate environmental regulations' direct and indirect impact on CO2 and GHG emissions using innovations as mediation factors. The study employs a structural equation method using data on G7 economies from 1990 to 2020 to test the relationship between regulations, innovations, and pollution. The study findings confirm that environmental regulations help reduce emissions directly. Our findings also confirm the Porter hypothesis whereby regulations encourage innovations and result in reduced emissions through this indirect channel. The study findings have significant implications for controlling pollution through placing environmental regulations and encouraging innovations. [ABSTRACT FROM AUTHOR]

The purpose of this study is to identify the most significant motivations for Russian companies to make green investments. This article presents a multiple regression model based on panel data, designed to assess the impact of various factors on green investments made by Russian companies. To create this model, the authors used annual data for 83 regions of the Russian Federation for the period from 2011 to 2020. According to calculations made in this paper, the growth of green investments in the economy is due to the inflow of foreign direct investment, the increase in the collection of fees for negative impact on the environment, the increase in the production of extractive products and the growth of CO2 emissions. At the same time, the total volume of investments is not affected by indicators assessing the environmental factor, but is affected by the inflow of foreign direct investments and the level of business concentration. The obtained results mean that the main motivators that encourage Russian companies to make green investments today are the opinion of foreign investors, global decisions to reduce greenhouse gases and the partial tightening of national environmental legislation. This indicates that the degree of a companies' integration into the global economy is of great importance for its propensity to make green investments in Russia. Therefore, special approaches are needed from the state in order to create incentives for green modernization of the national economy. This study expands our understanding of the role that green investments can play in the economy and the motivation for companies to make them, thus contributing to the existing literature on this subject. [ABSTRACT FROM AUTHOR]

Since China is facing a complicated international situation and sustainable development requirement at the same time, this paper examines the effects of external uncertainty, international sanctions, on green innovations by adopting the system generalized method of moments (GMM) estimation for 30 provinces (autonomous region and municipalities) from 1997 to 2019. We employ green inventions as the dependent variable and 5 indicators of sanctions (including unilateral, plurilateral, multilateral, economic, and intensity) as the main explanatory variables alternately. For further robustness tests, we use substitution variable green utility models, adopt sub-samples in different regions, change the empirical methodology, and add omitted variables. We also examine the mechanism effects of three possible channels. The conclusion is that plurilateral and economic sanctions both present significant negative impacts on green innovations, whereas China was not affected by unilateral or multilateral sanctions during the sample period. GDP, interpersonal globalization, and environment are proved to be the possible channels through which sanctions affect green innovations. Our research findings should assist Chinese-listed companies suffering from sanctions to make better responses on their way to green innovations. [ABSTRACT FROM AUTHOR]

The rapid pace of industrialisation and economic development in recent decades is not without its environmental consequences. Electricity production, though an important determinant of economic development, remained under studied in the existing literature and only a few models on the electricity production-environmental degradation nexus are available. As a first attempt, this study examines the impact of renewable and non-renewable electricity generation and eco-innovations on CO2 emissions in the world's top emitting countries under the umbrella of the Environmental Kuznets Curve (E.K.C.) Hypothesis. Second-generation panel data techniques, i.e., C.I.P.S. and Bai and Carrion-I-Silvestre (2009) unit root tests, Westerlund and Edgerton (2008) and Banerjee and Carrion-i-Silvestre (2017) cointegration techniques and Cross-Sectionally Augmented Distributed Lag Model for short and long run coefficient estimations have been employed in the study. It is found that renewable electricity production and eco-innovations have negative effects, whereas non-renewable electricity production has positive effect on CO2 emission. Moreover, the estimation demonstrated the E.K.C. validation in these countries. It is recommended that fossil fuel dependency in the electricity sector should be reduced by devising policies directed towards green electricity measures. More investment in green innovations to achieve green environment and sustainable growth is also recommended by the study. [ABSTRACT FROM AUTHOR]

Green issues have become imperative to business decision‐makers as industries face intensifying public sensitivity, stricter regulation, and mounting stakeholder pressures engrossed in preserving the natural environment. This increasing pressure is forcing businesses to the adoption of green marketing practices. In an attempt to revisit present‐day severe environmental issues, this paper studies the significant role of green process innovation in the Indian context. Data was collected from 400 manufacturing firms and was analyzed using the appropriate statistical tools to validate the model. The results suggest green process innovation plays a significant role in the relationship between green marketing practices and firm market performance. The findings contribute to the theory of the green marketing concept. Since this study's results expand the existing literature on the adoption of green marketing practices, valuable insights can be endowed to businesses and regulators for preserving the natural environment by considering green process innovation. Further, it offers wide‐ranging implications for managers, marketers and policymakers, which can help them improve their business operations and provide them with a competitive advantage over their competitors. [ABSTRACT FROM AUTHOR]

Green innovation is critical for promoting environmental protection but largely relies on the support of bank financing. How the participation of banks facilitates green innovation remains largely unexplored. Using a sample of A-share listed firms in China, this study examines the impact of new loans from Equator Principles banks on green innovations. Consistent with the framework of the stakeholder theory, we find that new loans from Equator Principles banks significantly foster green innovations of borrowing firms. Several robustness tests are conducted, and the conclusion remains valid. Further analysis shows that the relief of financial constraints of borrowing firms and the scrutiny of corporate financing projects by Equator Principles banks jointly contribute to the promotion of corporate green innovation. Heterogeneity tests indicate that new loans from Equator Principles banks are more effective in heavily polluting and more competitive industries and among firms with higher levels of executive education. Overall, our findings suggest that stakeholder engagement in environmental governance is an important means of improving corporate green innovations in emerging markets. [ABSTRACT FROM AUTHOR]

Recent economic theory and international evidence have established that innovations with environmental benefits (green innovations) are crucially important to increase resource efficiency and accelerate the transition to a circular economy. However, robust empirical evidence on what factors drive green innovations at firm-level is limited and inconclusive. To help fill this evidence gap, we designed and used a unified econometric framework to quantify the impact of a comprehensive set of factors on the propensity of firms to introduce innovations with environmental benefits. Such factors include environmental regulations, innovation-inputs, firm-specific characteristics, spillovers from other green innovators, public funding, and co-operation for innovation activities. We distinguished and examined innovations with environmental benefits obtained within the firm and innovations with environmental benefits obtained during the consumption of goods or services by the end user. In addition to average effects across all firms, we also uncovered specific effects for different groups of firms and industries. The results indicate that environmental regulations, in-house R&D, and acquisition of capital assets are important factors that enable firms to introduce green innovations. These results have implications for designing policies aiming at enabling more firms to introduce green innovations and thus accelerate the transition to a circular economy and a more sustainable long-term growth. [ABSTRACT FROM AUTHOR]

[Display omitted] • Green innovation examined in financial globalization (FG)-Ecological sustainability link. • Beneficial environmental aspects of green innovations revealed. • As per direct impact, enhanced FG is detrimental to the environment. • In indirect effect, green innovation inversely moderate FG's adverse ecological impacts. • Resource rents reduce ecological footprint within innovative framework. A reconciliation of the disagreement on whether financial globalization (FG) affects ecological footprint through the scale, technique and composition effects cannot be achieved without an explicit understanding of the direct and indirect interactions of FG with environmental sustainability. Hence, the novel perspective of this study lies in the investigation of how green innovations moderate the non-linear tendencies in the FG-environmental sustainability link among western African states given the abundance of natural resources and the prevailing pace of economic growth. The core findings are obtained from robust analysis based on cross-sectional autoregressive distributed lag (CS-ARDL) technique, the augmented mean group (AMG) technique, and the common correlated effects mean group (CCEMG) advanced estimators. Firstly, the beneficial ecological impacts of green innovations were observed. As per direct impact, enhanced financial globalization (FG) exhibits non-linear detrimental ecological effects. However, green innovations cushion the observed adverse ecological effects of FG. Furthermore, resource rents reduce ecological footprint within the moderating framework of green innovation as the environmental Kuznets curve (EKC) is validated among the states. Additionally, a bidirectional causal link between financial globalization, green innovations, economic growth, natural resources, and ecological footprint was observed. Thus, the significant policy implication is for the West African states to decisively increase their investments in green innovations while strategically encouraging the share of ecologically friendly resources in total resource utilization to guarantee a more sustainable environment. [ABSTRACT FROM AUTHOR]

Using the pollution information transparency index (PITI) as a measure of environmental information disclosure by the local governments in China, we find that the higher the pollution information transparency, the more likely green innovations are to occur. Channel tests show that environmental information disclosure by the local governments promotes corporate green innovations through political pressure channel and law enforcement channel. Moreover, the environmental information disclosure has long-term effects on corporate green innovations, and the relationship between environmental information disclosure and corporate green innovations is more pronounced with firms owned by local governments and private firms than central government-owned firms. We also show that firms with fewer agency problems are inclined to have more green innovations. [ABSTRACT FROM AUTHOR]

Copyright of Entrepreneurship; Education / Przedsiebiorczość - Edukacja is the property of Press of Pedagogical University of Cracow and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The need to pursue sustainable development has become a central topic in Western countries due to citizens' greater sensitivity to improving environmental and social conditions. Companies can reach this objective more easily through green innovations, which are now considered a strategic opportunity that simultaneously allows for adherence to sustainable development criteria and the pursuit of competitive advantages. Scholars have identified the determinants that encourage companies to adopt green innovations, but the outcomes of their investigations thus far have often been ambiguous and contradictory. Our paper proposes an interpretative framework for addressing such inconsistencies. Using the partial least squares structural equation modelling (PLS‐SEM) methodology, we validate this framework on a sample of small‐ and medium‐sized enterprises (SMEs) and show that SMEs' choices are influenced by cultural elements and stimulated by the prospect of obtaining economic advantages over competitors. SMEs also pay close attention to stakeholder solicitations, while public administration does not affect their eco‐innovating choices. The results have policy implications for executives and insiders. [ABSTRACT FROM AUTHOR]