Does corporate R&D investment affect firm environmental performance? Evidence from G-6 countries

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2019-02-01

Author

Alam, Md. Samsul
Atif, Muhammad
Chien-Chi, Chu
Soytaş, Uğur

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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The rate of climate change due to global warming has become a substantial concern and appeared as a real-world phenomenon in the recent years. However, it is imperative to know how business enterprises alter such concern. Recent studies involve a variety of firm-level factors to create a robust link between business enterprises' environmental and financial performance. However, little is known regarding the role of research and development (R&D) investment on firms' environmental performance. Using a firm-level data for the period 2004-2016 from G-6 countries, this study empirically investigates how R&D investment affects the firm environmental performance measured by energy and carbon emissions intensities. We find that R&D investment improves the firm's environmental performance consistent with the theoretical argument of natural resource-based view (NRBV). Our findings are robust to alternative econometric specifications, alternative variable specifications, and sub samples. Our findings offer novel insights to the policymakers, business managers, and regulators.

Subject Keywords

General Energy, Economics and Econometrics

URI

https://hdl.handle.net/11511/38461

Journal

ENERGY ECONOMICS

DOI

https://doi.org/10.1016/j.eneco.2018.11.031

Collections

Department of Business Administration, Article

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Citation Formats

M. S. Alam, M. Atif, C. Chien-Chi, and U. Soytaş, “Does corporate R&D investment affect firm environmental performance? Evidence from G-6 countries,” ENERGY ECONOMICS, pp. 401–411, 2019, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/38461.