Bridging Sustainability and Innovation in Family Firms: The Roles of Local Green Knowledge and Local Embeddedness
研究了家族企业如何利用环境投资推动创新，发现其环境努力比非家族企业更有利于创新，且当企业更容易获取地方绿色知识或更深入嵌入本地时，这种转化效果更显著。
ABSTRACT This article explores how family firms leverage environmental investments to drive innovation, proposing that their environmental efforts are more conducive to innovation compared to non‐family firms. We also propose that family firms' ability to transform environmental investments into superior innovation performance is particularly pronounced when they have easier access to local external green knowledge and when they are more locally embedded. Analysis of 1698 companies over the 2009–2017 confirms our hypotheses. The results bridge two key research streams—family firms' sustainability and innovation—that have remained largely disconnected so far, highlighting the role of environmental strategies as a crucial factor in explaining whether and under which circumstances family firms become more innovative than non‐family firms.