View in EDS HTML Full Text PDF Full Text

Can green innovation mitigate corporate stock price crash risk? Evidence from China.

Saved in:
Bibliographic Details
Title: Can green innovation mitigate corporate stock price crash risk? Evidence from China.
Authors: Suo, Xuekun1 (AUTHOR), Lin, Han2 (AUTHOR) linhan@nau.edu.cn, Yuan, Ming3 (AUTHOR), Zhang, Longting1 (AUTHOR), Lu, Yuhe4 (AUTHOR), Ma, Hanyang5,6 (AUTHOR) mahanyang@shu.edu.cn
Source: Environment, Development & Sustainability. Dec2025, Vol. 27 Issue 12, p30693-30716. 24p.
Subject Terms: *Green behavior, *Capital market, *Investment risk, *Market sentiment, *Manufacturing industries, *Environmental degradation, Economic conditions in China
Geographic Terms: China
Abstract: The urgent need to address global environmental degradation has highlighted the importance of green innovation (GI) as an effective strategy. GI possesses the capacity to yield favorable outcomes by fostering proactive innovation and yielding environmental externalities. Although there's substantial research on the economic ramifications of GI, a salient unanswered query is its effect on corporate stock price crash risk (CSPCR). This study aims to investigate the relationship between GI and CSPCR using unbalanced panel data from 2273 manufacturing companies listed on the Chinese A-share market from 2011 to 2021. Based on the proposed theoretical framework, firms can reduce this risk by GI. Both investor attention (IA) and analyst coverage (AC) have a moderating effect, making the positive influence of GI on CSPCR more evident in firms with greater investor scrutiny and analyst attention. These research findings contribute to a deeper understanding of the role of green innovation in capital markets, offering significant theoretical guidance and practical insights for firms in mitigating stock price crash risk. [ABSTRACT FROM AUTHOR]
Database: Energy & Power Source
Full text is not displayed to guests.
FullText Links:
  – Type: pdflink
Text:
  Availability: 1
Header DbId: enr
DbLabel: Energy & Power Source
An: 189634461
AccessLevel: 6
PubType: Academic Journal
PubTypeId: academicJournal
PreciseRelevancyScore: 0
IllustrationInfo
Items – Name: Title
  Label: Title
  Group: Ti
  Data: Can green innovation mitigate corporate stock price crash risk? Evidence from China.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Suo%2C+Xuekun%22">Suo, Xuekun</searchLink><relatesTo>1</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Lin%2C+Han%22">Lin, Han</searchLink><relatesTo>2</relatesTo> (AUTHOR)<i> linhan@nau.edu.cn</i><br /><searchLink fieldCode="AR" term="%22Yuan%2C+Ming%22">Yuan, Ming</searchLink><relatesTo>3</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Zhang%2C+Longting%22">Zhang, Longting</searchLink><relatesTo>1</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Lu%2C+Yuhe%22">Lu, Yuhe</searchLink><relatesTo>4</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Ma%2C+Hanyang%22">Ma, Hanyang</searchLink><relatesTo>5,6</relatesTo> (AUTHOR)<i> mahanyang@shu.edu.cn</i>
– Name: TitleSource
  Label: Source
  Group: Src
  Data: <searchLink fieldCode="JN" term="%22Environment%2C+Development+%26+Sustainability%22">Environment, Development & Sustainability</searchLink>. Dec2025, Vol. 27 Issue 12, p30693-30716. 24p.
– Name: Subject
  Label: Subject Terms
  Group: Su
  Data: *<searchLink fieldCode="DE" term="%22Green+behavior%22">Green behavior</searchLink><br />*<searchLink fieldCode="DE" term="%22Capital+market%22">Capital market</searchLink><br />*<searchLink fieldCode="DE" term="%22Investment+risk%22">Investment risk</searchLink><br />*<searchLink fieldCode="DE" term="%22Market+sentiment%22">Market sentiment</searchLink><br />*<searchLink fieldCode="DE" term="%22Manufacturing+industries%22">Manufacturing industries</searchLink><br />*<searchLink fieldCode="DE" term="%22Environmental+degradation%22">Environmental degradation</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+conditions+in+China%22">Economic conditions in China</searchLink>
– Name: SubjectGeographic
  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22China%22">China</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: The urgent need to address global environmental degradation has highlighted the importance of green innovation (GI) as an effective strategy. GI possesses the capacity to yield favorable outcomes by fostering proactive innovation and yielding environmental externalities. Although there's substantial research on the economic ramifications of GI, a salient unanswered query is its effect on corporate stock price crash risk (CSPCR). This study aims to investigate the relationship between GI and CSPCR using unbalanced panel data from 2273 manufacturing companies listed on the Chinese A-share market from 2011 to 2021. Based on the proposed theoretical framework, firms can reduce this risk by GI. Both investor attention (IA) and analyst coverage (AC) have a moderating effect, making the positive influence of GI on CSPCR more evident in firms with greater investor scrutiny and analyst attention. These research findings contribute to a deeper understanding of the role of green innovation in capital markets, offering significant theoretical guidance and practical insights for firms in mitigating stock price crash risk. [ABSTRACT FROM AUTHOR]
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=enr&AN=189634461
RecordInfo BibRecord:
  BibEntity:
    Identifiers:
      – Type: doi
        Value: 10.1007/s10668-024-04932-8
    Languages:
      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 24
        StartPage: 30693
    Subjects:
      – SubjectFull: Green behavior
        Type: general
      – SubjectFull: Capital market
        Type: general
      – SubjectFull: Investment risk
        Type: general
      – SubjectFull: Market sentiment
        Type: general
      – SubjectFull: Manufacturing industries
        Type: general
      – SubjectFull: Environmental degradation
        Type: general
      – SubjectFull: Economic conditions in China
        Type: general
      – SubjectFull: China
        Type: general
    Titles:
      – TitleFull: Can green innovation mitigate corporate stock price crash risk? Evidence from China.
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Suo, Xuekun
      – PersonEntity:
          Name:
            NameFull: Lin, Han
      – PersonEntity:
          Name:
            NameFull: Yuan, Ming
      – PersonEntity:
          Name:
            NameFull: Zhang, Longting
      – PersonEntity:
          Name:
            NameFull: Lu, Yuhe
      – PersonEntity:
          Name:
            NameFull: Ma, Hanyang
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 12
              Text: Dec2025
              Type: published
              Y: 2025
          Identifiers:
            – Type: issn-print
              Value: 1387585X
          Numbering:
            – Type: volume
              Value: 27
            – Type: issue
              Value: 12
          Titles:
            – TitleFull: Environment, Development & Sustainability
              Type: main
ResultId 1