IMPACT OF CORPORATE GOVERNANCE ON GREEN INNOVATION: EVIDENCE FROM PAKISTAN

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Published: Apr 7, 2023
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Corporate Governance Green Innovation Pakistan

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BAKHTAWAR SIDDIQUE, KHALID KHALIL, SHAKEEL AHMAD, FAUZIA AHMED, MAHBOOB ULLAH, HM AZHAR USAMA

Abstract

This research examines the influence of corporate governance on green innovation in Pakistan, utilizing data of firms listed on PSX from 2012 to 2022. This study has used ARDL method, by deploying agency theory and porter. The results from both short and long-term analyses reveal a positive and significant influence of corporate governance on green innovation in Pakistan. Specifically, the presence of independent and knowledgeable board members positively influences the organization's commitment to green innovation initiatives. Furthermore, effective monitoring and control mechanisms, such as audit committees and transparent financial reporting, play a vital role in fostering green innovation practices within organizations. Additionally, the study reveals that companies with stronger stakeholder rights and protection exhibit a higher propensity for engaging in green innovation activities. These results have important implications for policy-making, highlighting the need to consider the role of corporate governance in promoting sustainable green development through green innovation.

Article Details

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Vol. 11 No. 3 (2023)
Section
Articles
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Author Biography

BAKHTAWAR SIDDIQUE, KHALID KHALIL, SHAKEEL AHMAD, FAUZIA AHMED, MAHBOOB ULLAH, HM AZHAR USAMA

BAKHTAWAR SIDDIQUE

Lecturer, GCWU Sialkot, Institute of Arabic and Islamic Studies

bakhtawar.siddique@gcwus.edu.pk

 

  1. KHALID KHALIL

Assistant Professor, Department of Management Sciences, Iqra National University Peshawar, Pakistan.

khalidkhalil774@yahoo.com

ORCID: https://orcid.org/0000-0002-6848-561X

 

SHAKEEL AHMAD

Ph.D Scholar, Department of Management Sciences and Commerce, Bacha Khan University Charsadda KP, Pakistan.

 

FAUZIA AHMED

Lecturer IMS,  University of Balochistan Quetta, Pakistan.

 

  1. MAHBOOB ULLAH

Assistant Professor, Department of Management Sciences, Abasyn University, Peshawar, Pakistan.

mahboob.ullah@abasyn.edu.pk

 

  1. HM AZHAR USAMA

Assistant Professor, Department of Islamic Studies,  The University of Lahore, Lahore, Pakistan.

 

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