Corporate Green Technology Innovation, Equity Concentration and Corporate Carbon Performance: Empirical Evidence from Chinese Manufacturing Listed Companies

Abstract

This article examines Chinese Manufacturing firms with A-shares listed in Shanghai and Shenzhen between 2010 and 2019 as a study sample It examines the connections and mechanisms between innovation in green technology within corporations, equity concentration, as well as corporate carbon performance using an interaction effect model. It was revealed that although encouraging innovation in green technology within corporations may assist businesses in reducing their corporate carbon performance, equity concentration has a detrimental impact on this connection. Last but not least, the South-North categorization test showed that although green technology innovation and corporate carbon performance. Finally, a significant positive driving impact of green technology innovation on corporate carbon performance in the North was found by the South-North classification test, but this driving impact was not reflected in the South. Therefore, clarifying the association between innovation in green technology within corporations, equity concentration as well as corporate carbon performance can help companies solve many fundamental challenges in carbon emission reduction, bring agile and efficient operation mode for companies, and is important to achieve long-term growth and sustainable change of corporate green innovation capacity.