Cover Image

Effect of green innovation strategy on firm-idiosyncratic risk: a competitive action perspective

Despite increasing concern for corporate environmental responsibility in numerous industries, the relationship between green innovation strategy (GIS) and idiosyncratic risk is a rarely scrutinised topic, particularly in the automotive domain. In this study, we empirically explore the association be...

Full description

Saved in:
Bibliographic Details
Main Authors: Lin, Woon Leong, Mohamed, Azali, Sambasivan, Murali, Yip, Nick
Format: Article
Language:English
Published: John Wiley and Sons 2020
Online Access:http://psasir.upm.edu.my/id/eprint/88602/1/ABSTRACT.pdf
http://psasir.upm.edu.my/id/eprint/88602/
https://onlinelibrary.wiley.com/doi/full/10.1002/bse.2405
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.upm.eprints.88602
record_format eprints
spelling my.upm.eprints.886022021-12-21T07:16:28Z http://psasir.upm.edu.my/id/eprint/88602/ Effect of green innovation strategy on firm-idiosyncratic risk: a competitive action perspective Lin, Woon Leong Mohamed, Azali Sambasivan, Murali Yip, Nick Despite increasing concern for corporate environmental responsibility in numerous industries, the relationship between green innovation strategy (GIS) and idiosyncratic risk is a rarely scrutinised topic, particularly in the automotive domain. In this study, we empirically explore the association between GIS and idiosyncratic risk and analyse the moderating role played by the firm's competitive action. We rely on the secondary information sourced for 132 top automotive firms, in the period ranging from 2011 to 2017 by applying the system generalised methods of moments estimator to the dynamic panel data model. Our findings indicate that GIS significantly reduces the idiosyncratic risk of all firms, and this relationship strengthens with the increase in the competitive action of the firms. Our evidence supports “it pays to be green” firm heterogeneity argument. This study highlights the academic and managerial implications and focuses on the environmental issues published in environmental management literature. John Wiley and Sons 2020 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/88602/1/ABSTRACT.pdf Lin, Woon Leong and Mohamed, Azali and Sambasivan, Murali and Yip, Nick (2020) Effect of green innovation strategy on firm-idiosyncratic risk: a competitive action perspective. Business Strategy and the Environment, 29 (3). 886 - 901. ISSN 0964-4733; ESSN: 1099-0836 https://onlinelibrary.wiley.com/doi/full/10.1002/bse.2405 10.1002/bse.2405
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Despite increasing concern for corporate environmental responsibility in numerous industries, the relationship between green innovation strategy (GIS) and idiosyncratic risk is a rarely scrutinised topic, particularly in the automotive domain. In this study, we empirically explore the association between GIS and idiosyncratic risk and analyse the moderating role played by the firm's competitive action. We rely on the secondary information sourced for 132 top automotive firms, in the period ranging from 2011 to 2017 by applying the system generalised methods of moments estimator to the dynamic panel data model. Our findings indicate that GIS significantly reduces the idiosyncratic risk of all firms, and this relationship strengthens with the increase in the competitive action of the firms. Our evidence supports “it pays to be green” firm heterogeneity argument. This study highlights the academic and managerial implications and focuses on the environmental issues published in environmental management literature.
format Article
author Lin, Woon Leong
Mohamed, Azali
Sambasivan, Murali
Yip, Nick
spellingShingle Lin, Woon Leong
Mohamed, Azali
Sambasivan, Murali
Yip, Nick
Effect of green innovation strategy on firm-idiosyncratic risk: a competitive action perspective
author_facet Lin, Woon Leong
Mohamed, Azali
Sambasivan, Murali
Yip, Nick
author_sort Lin, Woon Leong
title Effect of green innovation strategy on firm-idiosyncratic risk: a competitive action perspective
title_short Effect of green innovation strategy on firm-idiosyncratic risk: a competitive action perspective
title_full Effect of green innovation strategy on firm-idiosyncratic risk: a competitive action perspective
title_fullStr Effect of green innovation strategy on firm-idiosyncratic risk: a competitive action perspective
title_full_unstemmed Effect of green innovation strategy on firm-idiosyncratic risk: a competitive action perspective
title_sort effect of green innovation strategy on firm-idiosyncratic risk: a competitive action perspective
publisher John Wiley and Sons
publishDate 2020
url http://psasir.upm.edu.my/id/eprint/88602/1/ABSTRACT.pdf
http://psasir.upm.edu.my/id/eprint/88602/
https://onlinelibrary.wiley.com/doi/full/10.1002/bse.2405
_version_ 1720438536915648512
score 13.211869

Similar Items