What the study found
The study found that national environmental policies increase corporate green innovation in emerging markets but not in developed markets. It also found different roles for market environmental policies and nonmarket environmental policies in emerging markets.
Why the authors say this matters
The authors say their findings clarify the strong role of national environmental policies in firm-level green innovation. They also conclude that national institutions are crucial in this process, including formal institutions and informal institutions.
What the researchers tested
The researchers used comparative institutional theory to examine how national environmental policies relate to corporate green innovation across developed and emerging markets. They analyzed 1,831 listed firms in 34 countries from 2002 to 2020.
What worked and what didn't
National environmental policies were associated with more corporate green innovation in emerging markets, but not in developed markets. In emerging markets, market environmental policies acted as a substitute for weak formal institutions, while nonmarket environmental policies mirrored informal institutions.
What to keep in mind
The abstract does not describe specific measures, statistical details, or limitations. The findings are reported for listed firms in 34 countries and may be limited to that sample and time period.
Key points
- National environmental policies were linked to more corporate green innovation in emerging markets.
- No such increase was found in developed markets.
- Market environmental policies acted as a substitute for weak formal institutions in emerging markets.
- Nonmarket environmental policies mirrored informal institutions in emerging markets.
- The study analyzed 1,831 listed firms across 34 countries from 2002 to 2020.
Disclosure
- Research title:
- Environmental policies boost green innovation in emerging markets
- Authors:
- Ivan Miroshnychenko, Knut Haanæs, Julia Katharina Binder
- Institutions:
- International Institute for Management Development, International Institute for Management Development, Paris School of Business
- Publication date:
- 2026-01-21
- DOI:
- 10.1002/bse.70435
- OpenAlex record:
- View
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