Corporate Governance and Corporate Green Innovation

Yuchen Xue

doi:10.54097/scs72r81

Authors

Yuchen Xue

DOI:

https://doi.org/10.54097/scs72r81

Keywords:

Corporate governance, corporate green innovation, board of directors

Abstract

After the COVID-19 pandemic, global economic growth has slowed down, trade has shrunk, and higher requirements have been placed on corporate innovation capabilities. While China's economy is developing at a high quality, environmental issues are increasingly attracting widespread social attention. Therefore, this article will focus on the impact of corporate governance on green innovation. The role of corporate governance in green innovation is gaining increasing attention, especially in promoting sustainable development and environmental responsibility. An effective corporate governance structure can provide strategic guidance, resource support, and regulatory guarantees for green innovation. An efficient board of directors and management can not only improve the quality of decision-making, but also ensure that while pursuing economic benefits, companies actively fulfill their social responsibilities and promote the research and development and application of environmental protection technologies. In addition, good corporate governance helps to enhance the trust of stakeholders, thereby promoting the smooth implementation of green innovation projects. Studies have shown that companies with green governance awareness are often more innovative and competitive in the market, driven by environmental regulations and market demand.

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