Green Innovation and Corporate Financial Performance: An Operating Risk Perspective

Professor Ai Mingye, Harbin Engineering University

Date:October 22, 2024 (Tuesday)

Time:14:00-16:00 PM

Venue: A402, Mingli Building, Lihu Campus,SZU

Host: Associate Professor CHU Dazhi, College of Management, SZU

Abstract

Green innovation is crucial for China's green transition, and the prerequisite for enterprises to engage in green innovation is whether it can enhance their financial performance. Additionally, companies must utilize financial leverage to stabilize funding for green innovation. However, the impact of financial leverage on the relationship between green innovation and corporate financial performance remains uncertain. This study examines the mechanisms through which green innovation affects corporate financial performance, as well as the interaction between green innovation and leverage on financial performance. The findings indicate a U-shaped relationship between green innovation and corporate financial performance, characterized by heterogeneity and negative effects of risk accumulation.

Speaker's Biography

Professor Ai Mingye is a faculty member at the School of Economics and Management, Harbin Engineering University. Her main research areas include regional sustainable development, corporate digital transformation, manufacturing energy efficiency, and industrial green transition. She serves as a reviewer for academic journals such as Systems Engineering Theory and Practice, and is a peer reviewer for the National Natural Science Foundation of China, the National Social Science Fund projects, and the Ministry of Education's thesis evaluation. She has led various research projects, including one general project from the National Social Science Fund, one youth project from the National Natural Science Foundation, and multiple provincial and ministerial-level research projects. Professor Ai has published over 40 academic papers and authored one academic monograph. She has received several provincial and ministerial-level science and technology awards, including one first prize, one second prize, and one third prize. As a team leader, she has been approved and completed the second batch of model courses and teaching teams for ideological and political education in higher education in Heilongjiang Province, winning first prize in the second provincial teaching competition for ideological and political education.

All interested facultyand studentsare welcome to attend!