How speculative culture shapes green innovation performance: A dual regional and institutional lens

Background: Regional culture plays a crucial role in green innovation performance, yet its impact has not been sufficiently explored, particularly within the African context. Aim: The study aims to assess how speculative culture within regions affects corporate green innovation performance in the c...

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Main Authors: Hao Ji, Lingling Suo, Yuanxin Yu
Format: Article
Language:English
Published: AOSIS 2025-01-01
Series:South African Journal of Economic and Management Sciences
Subjects:
Online Access:https://sajems.org/index.php/sajems/article/view/5810
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author Hao Ji
Lingling Suo
Yuanxin Yu
author_facet Hao Ji
Lingling Suo
Yuanxin Yu
author_sort Hao Ji
collection DOAJ
description Background: Regional culture plays a crucial role in green innovation performance, yet its impact has not been sufficiently explored, particularly within the African context. Aim: The study aims to assess how speculative culture within regions affects corporate green innovation performance in the context of regional cultural integration. Setting: The research uses data from Chinese A-share listed companies from 2008 to 2020, specifically focussing on companies with various ties to Africa. Method: This study employs an empirical research method using multiple regression analysis, moderation analyses, along with robustness checks and endogeneity tests to ensure the validity and reliability of the findings. Results: Findings indicate that a speculative culture inhibits green innovation, a result that remains robust across various endogeneity tests. Traditional ecological culture, trust culture and cultural diversity mitigate this negative effect, while local clan culture exacerbates it. Stakeholder supervision and external regulatory pressure from the government effectively weaken the inhibitory effect of speculative culture. Conclusion: This study highlights the significant and complex role of regional cultures in shaping green innovation outcomes, underscoring the importance of institutions to counteract adverse cultural influences. Contribution: This research enhances the understanding of green innovation drivers by exploring the interactions between various cultural dimensions and their impact, emphasising the alignment of formal institutions to achieve sustainable green innovation. It offers several recommendations for enhancing corporate resilience and developing effective green innovation strategies.
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publishDate 2025-01-01
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spelling doaj-art-2e1a512e85f84b05963dcb8a602f9ca82025-02-11T13:27:58ZengAOSISSouth African Journal of Economic and Management Sciences1015-88122222-34362025-01-01281e1e1110.4102/sajems.v28i1.58101114How speculative culture shapes green innovation performance: A dual regional and institutional lensHao Ji0Lingling Suo1Yuanxin Yu2Department of Financial Management, College of Management, Beijing Union University, BeijingDepartment of Accounting, College of Management, Beijing Union University, BeijingDepartment of Financial Management, College of Management, Beijing Union University, BeijingBackground: Regional culture plays a crucial role in green innovation performance, yet its impact has not been sufficiently explored, particularly within the African context. Aim: The study aims to assess how speculative culture within regions affects corporate green innovation performance in the context of regional cultural integration. Setting: The research uses data from Chinese A-share listed companies from 2008 to 2020, specifically focussing on companies with various ties to Africa. Method: This study employs an empirical research method using multiple regression analysis, moderation analyses, along with robustness checks and endogeneity tests to ensure the validity and reliability of the findings. Results: Findings indicate that a speculative culture inhibits green innovation, a result that remains robust across various endogeneity tests. Traditional ecological culture, trust culture and cultural diversity mitigate this negative effect, while local clan culture exacerbates it. Stakeholder supervision and external regulatory pressure from the government effectively weaken the inhibitory effect of speculative culture. Conclusion: This study highlights the significant and complex role of regional cultures in shaping green innovation outcomes, underscoring the importance of institutions to counteract adverse cultural influences. Contribution: This research enhances the understanding of green innovation drivers by exploring the interactions between various cultural dimensions and their impact, emphasising the alignment of formal institutions to achieve sustainable green innovation. It offers several recommendations for enhancing corporate resilience and developing effective green innovation strategies.https://sajems.org/index.php/sajems/article/view/5810speculative culturecorporate green innovationregional cultural integrationenvironmental regulation pressurestakeholder supervision pressure
spellingShingle Hao Ji
Lingling Suo
Yuanxin Yu
How speculative culture shapes green innovation performance: A dual regional and institutional lens
South African Journal of Economic and Management Sciences
speculative culture
corporate green innovation
regional cultural integration
environmental regulation pressure
stakeholder supervision pressure
title How speculative culture shapes green innovation performance: A dual regional and institutional lens
title_full How speculative culture shapes green innovation performance: A dual regional and institutional lens
title_fullStr How speculative culture shapes green innovation performance: A dual regional and institutional lens
title_full_unstemmed How speculative culture shapes green innovation performance: A dual regional and institutional lens
title_short How speculative culture shapes green innovation performance: A dual regional and institutional lens
title_sort how speculative culture shapes green innovation performance a dual regional and institutional lens
topic speculative culture
corporate green innovation
regional cultural integration
environmental regulation pressure
stakeholder supervision pressure
url https://sajems.org/index.php/sajems/article/view/5810
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AT linglingsuo howspeculativecultureshapesgreeninnovationperformanceadualregionalandinstitutionallens
AT yuanxinyu howspeculativecultureshapesgreeninnovationperformanceadualregionalandinstitutionallens