@article {33079,
	title = {Peer influence, market power, and enterprises{\textquoteright} green innovation: Evidence from Chinese listed firms},
	journal = {Corporate Social Responsibility and Environmental Management},
	volume = {31},
	year = {2024},
	pages = {108-121},
	abstract = {In the era of a green economy, green innovation has become a way for enterprises to gain competitive advantage, and it is of great theoretical and practical significance to explore the driving force of enterprises{\textquoteright} green innovation. This study explores the peer effect of an enterprise{\textquoteright}s green innovation and conducts an empirical test using data from 3338 Chinese listed companies in 2020. The results show a significant positive peer effect of enterprises{\textquoteright} green innovation, and the green innovation of individual enterprises increases by 0.869 for each unit increase in industry-average green innovation. Further research shows that market power is the channel by which peer influence affects an enterprise{\textquoteright}s green innovation. Moreover, regional heterogeneity exists in the strength of the peer effect, which varies according to firm maturity and board size. These findings provide a reference for enterprises and governments to promote green transformation.},
	url = {https://doi.org/10.1002/csr.2555},
	author = {Jiafeng Gu}
}
