College of Finance, Nanjing Agricultural University, Nanjing 210095, China.
Int J Environ Res Public Health. 2021 Aug 28;18(17):9083. doi: 10.3390/ijerph18179083.
Global warming has gained the attention of researchers and authorities to work on the environmental glitches. Prior researchers highlighted that the industrial sector is more responsible for these environmental glitches. The industrial sector is highly participated for climate change problems. In the light of firm's sustainable development goals, this study focuses on the proactive environmental strategies for green innovation. Furthermore, this study considers the link amid environmental regulations and green innovation, firm performance, and green innovation. Most importantly, this study applies the moderating role of environmental regulations and firm performance on the link amid proactive environmental strategies and green innovation. The outcomes with ordinary least square, fixed effect, generalized method of moments, and feasible generalized least square presents unique conclusions. This study concluded that firms with proactive environmental strategies are more valuable for green innovation practices. The environmental regulations promote green innovative practices. Similarly, firm performance also encourages the firm for green innovative practices. Importantly, these outcomes suggest that environmental regulations positively moderate the link amid proactive environmental strategies and green innovation. In addition, firm performance also plays positive role for positivity amid proactive environmental strategies and green innovation. These findings are imperative addition into the narrow literature of environmental practices at firm level in Pakistan. Moreover, this study suggests various guidelines and directions for policy makers, owners, governments, and stakeholders as promoting the environmental practices for higher profitability as well as minimizing industrial negative effects.
全球变暖引起了研究人员和当局的关注，促使他们致力于解决环境问题。先前的研究人员强调，工业部门对这些环境问题负有更大的责任。工业部门在应对气候变化问题方面发挥了重要作用。鉴于企业的可持续发展目标，本研究侧重于积极的环境战略，以推动绿色创新。此外，本研究还考虑了环境法规与绿色创新、企业绩效与绿色创新之间的联系，并探讨了环境法规和企业绩效对积极的环境战略与绿色创新之间联系的调节作用。本文采用普通最小二乘法、固定效应、广义矩方法和可行广义最小二乘法进行实证检验，得出了独特的结论。研究结果表明，采取积极环境战略的企业更有利于绿色创新实践。环境法规促进了绿色创新实践。同样，企业绩效也鼓励企业进行绿色创新实践。重要的是，这些结果表明，环境法规积极调节了积极的环境战略与绿色创新之间的联系。此外，企业绩效也对积极的环境战略与绿色创新之间的关系起着积极的作用。这些发现为巴基斯坦企业层面的环境实践研究提供了重要的补充。此外，本研究还为政策制定者、所有者、政府和利益相关者提供了各种指导方针和方向，以促进环境实践，提高盈利能力，同时最大限度地减少工业的负面影响。
