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<p>Under the global context of accelerating biodiversity loss, corporations as primary economic entities play a pivotal role in biodiversity conservation. Utilizing panel data from Chinese A-share listed companies spanning 2001–2022, this study employs simultaneous equations modeling integrated with OLS and three-stage least squares (3SLS) regression to investigate the dynamic interrelationships among executive green perception, green technology innovation, and corporate biodiversity exposure. The empirical analysis reveals that corporate attention to biodiversity exposure enhances executive green perception, which subsequently drives increased investment in green technology innovation. This technological advancement reciprocally elevates corporate vigilance towards biodiversity exposure. Further analysis demonstrates an inverted U-shaped nonlinear relationship between green technology innovation and corporate biodiversity exposure awareness, exhibiting heterogeneity across geographical locations and environmental regulation intensities. This research contributes to the literature by providing an intra-firm perspective on biodiversity exposure governance, while offering theoretical foundations for corporate green transition strategies and biodiversity exposure mitigation frameworks in emerging economies.</p>

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Executive green perception, green technology innovation and enterprise biodiversity exposure: based on simultaneous equation model

  • 期刊论文

  • 发表日期：

    2026年2月2日

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  • C. Zhang,
  • Z. Zhang,
  • Z. Tang

摘要

Under the global context of accelerating biodiversity loss, corporations as primary economic entities play a pivotal role in biodiversity conservation. Utilizing panel data from Chinese A-share listed companies spanning 2001–2022, this study employs simultaneous equations modeling integrated with OLS and three-stage least squares (3SLS) regression to investigate the dynamic interrelationships among executive green perception, green technology innovation, and corporate biodiversity exposure. The empirical analysis reveals that corporate attention to biodiversity exposure enhances executive green perception, which subsequently drives increased investment in green technology innovation. This technological advancement reciprocally elevates corporate vigilance towards biodiversity exposure. Further analysis demonstrates an inverted U-shaped nonlinear relationship between green technology innovation and corporate biodiversity exposure awareness, exhibiting heterogeneity across geographical locations and environmental regulation intensities. This research contributes to the literature by providing an intra-firm perspective on biodiversity exposure governance, while offering theoretical foundations for corporate green transition strategies and biodiversity exposure mitigation frameworks in emerging economies.