Environmental innovation and climate risk awareness: The moderating role of SDG13

被引:0
|
作者
Akhtaruzzaman, Md [1 ]
Boubaker, Sabri [2 ,3 ,4 ]
Gamage, Pandula [1 ]
Obeng, Victoria [1 ]
机构
[1] Australian Catholic Univ, Peter Faber Business Sch, Sydney, Australia
[2] EM Normandie Business Sch, Metis Lab, Le Havre, France
[3] Vietnam Natl Univ, Int Sch, Hanoi, Vietnam
[4] Swansea Univ, Swansea, Wales
关键词
Climate risk awareness; Environmental innovation; SDG13; Product environmental innovation; Process environmental innovation; DETERMINANTS;
D O I
10.1016/j.ribaf.2024.102713
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Our study examines the relationship between a firm's climate risk awareness and environmental innovation, aiming to determine how climate risk influences its competitive advantage. We further highlight the importance of SDG13: Climate Action in this relationship. Based on a sample of 22,820 firm-year observations from 45 counties during 2013-2022, the results show a positive relationship between a firm's climate risk awareness and environmental innovation. Climate risk awareness accounts for a firm's engagement in product- and process-based environmental innovations. However, SDG13 is only relevant in shaping a firm's product environmental innovation in the presence of climate risk awareness. These results confirm the disciplinary effect of climate risk on firm innovation. Our findings provide regulators and other stakeholders with a better understanding of creating an enabling environment for a beneficial climate risk management process.
引用
收藏
页数:14
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