Work

Analysis of Technology Mergers and Acquisitions on Enterprises’ Green Technology Innovation: Moderating Effects of Environmental Regulation and Environmental Uncertainty

Year: 2024

Type: article

Abstract: Enterprises’ green technology innovation is often subject to dilemmas related to resource limitations and innovation compensation. Technology mergers and acquisitions (M&A) may incentivize green innovation but may also have an inhibiting effect. We took A-share listed companies in China from 2007 to 2021 as a sample, using 1577 technology M&A samples to examine the impact of technology M&A on enterprises’ green technology innovation, including the moderating effects of environmental regulation, environmental uncertainty, and board members’ educational background. We found that technology M&A can effectively stimulate enterprises’ green technology innovation. We also found that as the diversity of board members’ educational background, environmental uncertainty, and environmental regulations increase, the effect of technology M&A on incentives for green technology innovation becomes clearer. The research results provide a theoretical basis for optimizing the market environment of technology M&A, reasonable M&A modes, and green technology innovation.

Source: Sustainability

DOI: 10.3390/su16208998

Authors: Chao Chen, Jianmin Liu, Ying Tao, Wenye Fan, Jingjing Qian

Institutions: East China Jiaotong University, Nanchang University

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $2,728