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| Party Organization Participation in Corporate Governance and Corporate Green Innovation |
| WANG Jingda, CAO Chang |
| School of Public Finance and Taxation, Capital University of Economics and Business |
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Abstract: Green innovation of enterprises is the key to achieving green and sustainable economic development, which is an inevitable requirement for building a high-quality modern economic system and solving the problem of environmental pollution. Based on Ashare listed companies' data from 2013 to 2021, this paper examines how Party organization participation (POP) in corporate governance affects corporate green innovation. The study finds that POP in governance effectively promoted the “quantitative and qualitative improvement” of enterprises' green innovation. Upon analyzing the impact of green governance, it is discovered that POP in governance has two roles: raising awareness among senior executives regarding environmental protection and reinforcing government support towards ecological resources. Through the analysis of the effects of POP in corporate governance, it is found that local governments' raising their attention to environmental protection and financial transparency can increase the impact of POP in green governance. Analysis of the financial policies has found that implementing green credit and green fund policies and encouraging POP in governance can enhance the coordinating effects of companies and their landscape. Economic analysis has discovered that POP in governance can have positive outcomes for enterprises, including reducing carbon emissions, achieving environmental goals, improving economic performance, and achieving economic development goals. From the corporate governance perspective, our study provides insights into how enterprises can enhance their independent green innovation willingness to promote the green development of the economy.
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Received: 22 August 2023
Published: 15 December 2023
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2023, Vol. 43 
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