Impact of media attention on corporate green innovation: what is the role of dual environmental regulation?
This study explores the intricate interplay between media attention, dual environmental regulation, and corporate green innovation quality using a comprehensive dataset of Chinese A-share listed companies. Thus, our rigorous empirical analysis reveals that media visibility significantly affects corp...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/114511/ http://psasir.upm.edu.my/id/eprint/114511/1/114511.pdf |
| _version_ | 1848866515741310976 |
|---|---|
| author | Chen, Ning Yan, Nan Xie, Henglang Ou, Yifan |
| author_facet | Chen, Ning Yan, Nan Xie, Henglang Ou, Yifan |
| author_sort | Chen, Ning |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study explores the intricate interplay between media attention, dual environmental regulation, and corporate green innovation quality using a comprehensive dataset of Chinese A-share listed companies. Thus, our rigorous empirical analysis reveals that media visibility significantly affects corporate environmental sustainability efforts, with formal and informal environmental regulations moderating its impact. Media attention acts as a powerful catalyst for green innovation during growth and mature stages of a company's lifecycle; however, its effect diminishes during recessions. We determine significant heterogeneity across industry types and ownership structures. Non-high-polluting industries and non-state-owned enterprises show stronger positive responses to media scrutiny in their green innovation efforts than high-polluting sectors and state-owned enterprises. Furthermore, formal environmental regulations amplify the positive effect of media attention on green innovation, suggesting a synergistic potential that encourages companies to exceed baseline environmental standards. In contrast, while having no direct impact on green innovation, informal environmental regulation significantly moderates the relationship between media attention and innovation quality. These findings add to the literature on environmental innovation by demonstrating the conditional effectiveness of media attention and the critical role of regulatory frameworks in fostering sustainable corporate practices across industries and ownership contexts, with implications for policymakers, corporate strategists, and environmental advocates. |
| first_indexed | 2025-11-15T14:21:50Z |
| format | Article |
| id | upm-114511 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T14:21:50Z |
| publishDate | 2024 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1145112025-03-10T01:51:16Z http://psasir.upm.edu.my/id/eprint/114511/ Impact of media attention on corporate green innovation: what is the role of dual environmental regulation? Chen, Ning Yan, Nan Xie, Henglang Ou, Yifan This study explores the intricate interplay between media attention, dual environmental regulation, and corporate green innovation quality using a comprehensive dataset of Chinese A-share listed companies. Thus, our rigorous empirical analysis reveals that media visibility significantly affects corporate environmental sustainability efforts, with formal and informal environmental regulations moderating its impact. Media attention acts as a powerful catalyst for green innovation during growth and mature stages of a company's lifecycle; however, its effect diminishes during recessions. We determine significant heterogeneity across industry types and ownership structures. Non-high-polluting industries and non-state-owned enterprises show stronger positive responses to media scrutiny in their green innovation efforts than high-polluting sectors and state-owned enterprises. Furthermore, formal environmental regulations amplify the positive effect of media attention on green innovation, suggesting a synergistic potential that encourages companies to exceed baseline environmental standards. In contrast, while having no direct impact on green innovation, informal environmental regulation significantly moderates the relationship between media attention and innovation quality. These findings add to the literature on environmental innovation by demonstrating the conditional effectiveness of media attention and the critical role of regulatory frameworks in fostering sustainable corporate practices across industries and ownership contexts, with implications for policymakers, corporate strategists, and environmental advocates. Elsevier 2024 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/114511/1/114511.pdf Chen, Ning and Yan, Nan and Xie, Henglang and Ou, Yifan (2024) Impact of media attention on corporate green innovation: what is the role of dual environmental regulation? International Review of Financial Analysis, 96. art. no. 103553. pp. 1-15. ISSN 1057-5219; eISSN: 1057-5219 https://linkinghub.elsevier.com/retrieve/pii/S105752192400485X 10.1016/j.irfa.2024.103553 |
| spellingShingle | Chen, Ning Yan, Nan Xie, Henglang Ou, Yifan Impact of media attention on corporate green innovation: what is the role of dual environmental regulation? |
| title | Impact of media attention on corporate green innovation: what is the role of dual environmental regulation? |
| title_full | Impact of media attention on corporate green innovation: what is the role of dual environmental regulation? |
| title_fullStr | Impact of media attention on corporate green innovation: what is the role of dual environmental regulation? |
| title_full_unstemmed | Impact of media attention on corporate green innovation: what is the role of dual environmental regulation? |
| title_short | Impact of media attention on corporate green innovation: what is the role of dual environmental regulation? |
| title_sort | impact of media attention on corporate green innovation: what is the role of dual environmental regulation? |
| url | http://psasir.upm.edu.my/id/eprint/114511/ http://psasir.upm.edu.my/id/eprint/114511/ http://psasir.upm.edu.my/id/eprint/114511/ http://psasir.upm.edu.my/id/eprint/114511/1/114511.pdf |