What the study found
National environmental policies were associated with more corporate green innovation in emerging markets, but not in developed markets.
Why the authors say this matters
The authors conclude that national environmental policies play a strong role in firm-level green innovation and that national institutions are crucial in this process.
What the researchers tested
The study used comparative institutional theory to examine how national environmental policies relate to corporate green innovation in developed and emerging markets. It analyzed 1,831 listed firms across 34 countries from 2002 to 2020.
What worked and what didn't
The findings suggest that in emerging markets, market environmental policies can substitute for weak formal institutions, while nonmarket environmental policies mirror informal institutions. The same overall policy increase in green innovation was not found in developed markets.
What to keep in mind
The abstract does not describe specific limitations beyond the study’s focus on listed firms in 34 countries and the comparison between developed and emerging markets.
Key points
- National environmental policies increased corporate green innovation in emerging markets.
- No such increase was found in developed markets.
- Market environmental policies may substitute for weak formal institutions in emerging markets.
- Nonmarket environmental policies may mirror informal institutions in emerging markets.
- The study examined 1,831 listed firms in 34 countries from 2002 to 2020.
Disclosure
- Research title:
- Environmental policy boosts green innovation in emerging markets
- Authors:
- Ivan Miroshnychenko, Knut Haanæs, Julia Katharina Binder
- Institutions:
- Paris School of Business, International Institute for Management Development
- Publication date:
- 2026-01-21
- OpenAlex record:
- View
- Image credit:
- Photo by Alexas_Fotos on Pixabay · Pixabay License
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