How Does Green Innovation Capability Affect Circular Supply Chain Management Adoption: An Institutional Theory Perspective
基于2008-2019年中国247家A股上市制造企业面板数据，研究发现绿色创新能力显著促进循环供应链管理采纳，且竞争压力、环境信息披露和环境法规遵从会强化这一关系。
Abstract Green innovation (GI) represents a critical yet underexplored driver of circular supply chain management (CSCM). While existing literature acknowledges the fragmented nature of GI–CSCM linkages, few studies investigate this relationship through an institutional theory lens or empirically validate the enabling mechanisms. Addressing this gap, we examine (1) whether GI capabilities facilitate CSCM adoption in manufacturing firms and (2) how institutional pressures moderate this relationship. Utilizing panel data from 247 Chinese A‐share listed manufacturers spanning 2008–2019, we find a significant positive association between GI capabilities and CSCM implementation. Institutional theory‐driven moderation tests reveal that competitive pressure, environmental information disclosure and environmental regulation compliance amplify this relationship. As the first empirical study to operationalize institutional pressures within the GI–CSCM nexus, this research advances the theoretical understanding of circular economy transition mechanisms while offering pragmatic insights for aligning innovation strategies with institutional legitimacy requirements.