The effects of extreme climate events on green technology innovation in manufacturing enterprises
Abstract
The increasing intensity and frequency of extreme climate events have made improving the adaptability to extreme climate events a strategic imperative for manufacturing companies. This paper investigates whether manufacturing enterprises increase green technology innovation affected by different extreme climate events. Based on panel data of Chinese listed manufacturing enterprises, we show that extreme precipitation events can positively promote green technology innovation, yet extreme temperature events do not. Heterogeneity analyses suggest that the effect of extreme precipitation events on green technology innovation is more significant for non-state-owned enterprises, poor performance enterprises, and high R&D intensity enterprises than other enterprises. Furthermore, the facilitating effect of extreme precipitation events on green technology innovation is merely temporary.
Keyword : extreme climate events, climate change, extreme precipitation events, extreme temperature events, green technology innovation, manufacturing enterprises
How to Cite
Wang, C., Li, W., Li, J., & Wan, L. (2024). The effects of extreme climate events on green technology innovation in manufacturing enterprises. Journal of Business Economics and Management, 25(2), 337–355. https://doi.org/10.3846/jbem.2024.21170
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Furrer, M., Mostofi, H., & Spinler, S. (2022). A study on the impact of extreme weather events on the ceramic manufacturing in Egypt. Resources, Environment and Sustainability, 7, Article 100049. https://doi.org/10.1016/j.resenv.2022.100049
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Ghadge, A., Wurtmann, H., & Seuring, S. (2020). Managing climate change risks in global supply chains: A review and research agenda. International Journal of Production Research, 58(1), 44–64. https://doi.org/10.1080/00207543.2019.1629670
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Greve, H. R. (2003). A behavioral theory of R&D expenditures and innovations: Evidence from shipbuilding. The Academy of Management Journal, 46(6), 685–702.
Gupta, A. (2023). R&D and firm resilience during bad times (DICE Discussion paper No. 352). Heinrich Heine University Düsseldorf. https://www.econstor.eu/bitstream/10419/225232/1/1735942731.pdf
Hao, Y., Fan, C., Long, Y., & Pan, J. (2019). The role of returnee executives in improving green innovation performance of Chinese manufacturing enterprises: Implications for sustainable development strategy. Business Strategy and the Environment, 28(5), 804–818. https://doi.org/10.1002/bse.2282
He, K., Chen, W., & Zhang, L. (2021). Senior management’s academic experience and corporate green innovation. Technological Forecasting and Social Change, 166, Article 120664. https://doi.org/10.1016/j.techfore.2021.120664
He, X., & Jiang, S. (2019). Does gender diversity matter for green innovation? Business Strategy and the Environment, 28(7), 1341–1356. https://doi.org/10.1002/bse.2319
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