Article: Assessing the impact of technological innovation on environmental and financial performance of Chinese textile manufacturing companies Journal: International Journal of Technology, Policy and Management (IJTPM) 2022 Vol.22 No.4 pp.369 - 393 Abstract: As the leader of green technological advancement, China has implemented policies and strategies for companies to use green technological innovations in their production line. Earlier studies focused on the investment in technological innovation, innovation-driven policies, and the relationship between competitiveness and technological innovation. There is a literature gap in examining the effect of technological innovation on environmental and financial performance for textile manufacturing companies listed in China. This study therefore seeks to address the literature gap by analysing the impact of technological innovation on environmental and financial performance for textile manufacturing companies listed in China. Panel data for 61 textile manufacturing companies from 1990 to 2020 was used for the empirical analysis. The authors utilised the generalised methods of moments (GMM) estimator. The findings from our study highlights how technological innovation is contributing to environmental and financial performance of firms. Inderscience Publishers - linking academia, business and industry through research

Title: Assessing the impact of technological innovation on environmental and financial performance of Chinese textile manufacturing companies

Authors: Yuanyuan Zhou; Andrew Osei Agyemang; Ibrahim Osman Adam; Angelina Kissiwaa Twum

Addresses: Jiangsu University, Department of Finance, 301 Xuefu Road, Zhenjiang City, 212013, China ' School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang City, 212013, China; School of Business and Law, SDD – University of Business and Integrated Development Studies, Wa, Ghana ' School of Business and Law, University of Development Studies, Tamale, Ghana ' School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang City, 212013, China

Abstract: As the leader of green technological advancement, China has implemented policies and strategies for companies to use green technological innovations in their production line. Earlier studies focused on the investment in technological innovation, innovation-driven policies, and the relationship between competitiveness and technological innovation. There is a literature gap in examining the effect of technological innovation on environmental and financial performance for textile manufacturing companies listed in China. This study therefore seeks to address the literature gap by analysing the impact of technological innovation on environmental and financial performance for textile manufacturing companies listed in China. Panel data for 61 textile manufacturing companies from 1990 to 2020 was used for the empirical analysis. The authors utilised the generalised methods of moments (GMM) estimator. The findings from our study highlights how technological innovation is contributing to environmental and financial performance of firms.

Keywords: technological innovation; environmental performance; financial performance; textile manufacturing companies; China.

DOI: 10.1504/IJTPM.2022.126152

International Journal of Technology, Policy and Management, 2022 Vol.22 No.4, pp.369 - 393

Received: 21 Sep 2021
Accepted: 14 Jan 2022
Published online: 13 Oct 2022 *

Title: Assessing the impact of technological innovation on environmental and financial performance of Chinese textile manufacturing companies

Keep up-to-date