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Does environmental underperformance duration affect firms' green innovation? Evidence from China

机译：环境表现不佳的持续时间是否会影响企业的绿色创新？来自中国的证据

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Abstract Does the length of a firm's environmental underperformance shape its green innovation? Drawing on the behavioral theory of the firm, we argue that the duration of a firm's environmental underperformance plays an important role in shaping its green innovation activities. Using the data from Chinese publicly listed firms spanning from 2010 to 2018, we find that the duration of environmental underperformance has a U‐shaped effect on a firm's green innovation, possibly due to competing short‐ and long‐term solutions to regain legitimacy. We also find that this relationship is moderated by environmental underperformance intensity and analyst recommendation pressure. Our study contributes to the literature on green innovation and the behavioral theory of the firm. We discuss the implications for policymakers and managers.
机译：摘要的长度是否公司的环境表现不佳的形状其绿色创新?借鉴企业行为理论,我们认为,一个公司的环境的持续时间表现中发挥着重要作用塑造绿色创新活动。来自中国上市公司的数据从2010年到2018年,我们发现持续的环境表现不佳U形应承担的影响一个公司的绿色创新,可能是因为短量和长期竞争解决方案重新获得合法性。这种关系是由环境表现不佳的强度和分析师推荐的压力。绿色创新和文学企业行为理论。对政策制定者和管理者的影响。

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