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首页> 外文期刊>Journal of Cleaner Production >External and internal economic impacts of eco-innovation and the role of political connections: A sustainability narrative from an emerging market
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External and internal economic impacts of eco-innovation and the role of political connections: A sustainability narrative from an emerging market

机译:生态创新的外部和内部经济影响以及政治联系的作用:新兴市场的可持续发展叙事

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摘要

Eco-innovation is an evolving area of research and might have practical implications for cleaner production. While the identification of eco-innovation's economic consequences has been widely investigated in the extant literature, many questions remain regarding its impact in the context of developing countries. This study investigates the effects of eco-innovation on the cost of equity capital and corporate financial performance as well as the role of political connections as a moderating variable in Indonesia as an emerging market. The samples are all nonfinancial companies listed on the Indonesian Stock Exchange from 2011 to 2016. The data are processed using the panel regression method. This study finds that eco-innovation does not affect the cost of equity capital or company performance. However, political connections do, and they moderate the association between eco-innovation and the cost of equity capital but in a positive direction. This implies that political connections cannot generate investor trust via the eco-innovation efforts of companies. (C) 2020 Elsevier Ltd. All rights reserved.
机译:生态创新是一个不断发展的研究领域,可能对清洁生产产生实际影响。虽然生态创新的经济后果的识别得到了广泛调查的,但在现有的文献中得到了广泛调查,但许多问题仍然存在对发展中国家背景的影响。本研究调查了生态创新对股权资本和企业财务业绩成本的影响,以及政治联系作为印度尼西亚的调节变量作为新兴市场。这些样本是2011年至2016年印度尼西亚证券交易所上市的非金融公司。数据将使用面板回归方法处理。本研究发现,生态创新不会影响股权资本或公司业绩的成本。但是,政治联系所做,他们在生态创新与股权资本成本之间进行了间接,但在积极方向上。这意味着政治联系不能通过公司的生态创新努力产生投资者信托。 (c)2020 elestvier有限公司保留所有权利。

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