Environmental innovation and climate risk awareness: The moderating role of SDG13

Akhtaruzzaman, Md; Boubaker, Sabri; Gamage, Pandula; Obeng, Victoria

doi:10.1016/j.ribaf.2024.102713

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Environmental innovation and climate risk awareness: The moderating role of SDG13

Md Akhtaruzzaman

, Sabri Boubaker

, Pandula Gamage, Victoria Obeng

Research in International Business and Finance, Volume: 75, Start page: 102713

Swansea University Author: Sabri Boubaker

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DOI (Published version): 10.1016/j.ribaf.2024.102713

Abstract

Our study examines the relationship between a firm’s climate risk awareness and environmental innovation, aiming to determine how climate risk influences its competitive advantage. We further highlight the importance of SDG13: Climate Action in this relationship. Based on a sample of 22,820 firm-yea...

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Published in:	Research in International Business and Finance
ISSN:	0275-5319 1878-3384
Published:	Elsevier BV 2025
Online Access:	Check full text
URI:	https://cronfa.swan.ac.uk/Record/cronfa68678

first_indexed	2025-01-13T14:36:39Z
last_indexed	2025-02-14T05:46:05Z
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spelling	2025-02-13T12:38:51.2041401 v2 68678 2025-01-13 Environmental innovation and climate risk awareness: The moderating role of SDG13 43999fff86cd8a29f4815fb4dfa47729 0000-0002-6416-2952 Sabri Boubaker Sabri Boubaker true false 2025-01-13 CBAE Our study examines the relationship between a firm’s climate risk awareness and environmental innovation, aiming to determine how climate risk influences its competitive advantage. We further highlight the importance of SDG13: Climate Action in this relationship. Based on a sample of 22,820 firm-year observations from 45 counties during 2013–2022, the results show a positive relationship between a firm’s climate risk awareness and environmental innovation. Climate risk awareness accounts for a firm’s engagement in product- and process-based environmental innovations. However, SDG13 is only relevant in shaping a firm’s product environmental innovation in the presence of climate risk awareness. These results confirm the disciplinary effect of climate risk on firm innovation. Our findings provide regulators and other stakeholders with a better understanding of creating an enabling environment for a beneficial climate risk management process. Journal Article Research in International Business and Finance 75 102713 Elsevier BV 0275-5319 1878-3384 Climate risk awareness; Environmental innovation; SDG13; Product environmental innovation; Process environmental innovation 1 3 2025 2025-03-01 10.1016/j.ribaf.2024.102713 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University Another institution paid the OA fee 2025-02-13T12:38:51.2041401 2025-01-13T10:07:04.6939484 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Md Akhtaruzzaman 0000-0001-7795-1451 1 Sabri Boubaker 0000-0002-6416-2952 2 Pandula Gamage 3 Victoria Obeng 4 68678__33287__9a6e88adffe842b187cb0085562a2044.pdf 68678.VOR.pdf 2025-01-13T11:02:29.9081353 Output 746799 application/pdf Version of Record true © 2024 The Authors. This is an open access article under the CC BY-NC license. true eng http://creativecommons.org/licenses/by-nc/4.0/
title	Environmental innovation and climate risk awareness: The moderating role of SDG13
spellingShingle	Environmental innovation and climate risk awareness: The moderating role of SDG13 Sabri Boubaker
title_short	Environmental innovation and climate risk awareness: The moderating role of SDG13
title_full	Environmental innovation and climate risk awareness: The moderating role of SDG13
title_fullStr	Environmental innovation and climate risk awareness: The moderating role of SDG13
title_full_unstemmed	Environmental innovation and climate risk awareness: The moderating role of SDG13
title_sort	Environmental innovation and climate risk awareness: The moderating role of SDG13
author_id_str_mv	43999fff86cd8a29f4815fb4dfa47729
author_id_fullname_str_mv	43999fff86cd8a29f4815fb4dfa47729_***_Sabri Boubaker
author	Sabri Boubaker
author2	Md Akhtaruzzaman Sabri Boubaker Pandula Gamage Victoria Obeng
format	Journal article
container_title	Research in International Business and Finance
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container_start_page	102713
publishDate	2025
institution	Swansea University
issn	0275-5319 1878-3384
doi_str_mv	10.1016/j.ribaf.2024.102713
publisher	Elsevier BV
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department_str	School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
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description	Our study examines the relationship between a firm’s climate risk awareness and environmental innovation, aiming to determine how climate risk influences its competitive advantage. We further highlight the importance of SDG13: Climate Action in this relationship. Based on a sample of 22,820 firm-year observations from 45 counties during 2013–2022, the results show a positive relationship between a firm’s climate risk awareness and environmental innovation. Climate risk awareness accounts for a firm’s engagement in product- and process-based environmental innovations. However, SDG13 is only relevant in shaping a firm’s product environmental innovation in the presence of climate risk awareness. These results confirm the disciplinary effect of climate risk on firm innovation. Our findings provide regulators and other stakeholders with a better understanding of creating an enabling environment for a beneficial climate risk management process.
published_date	2025-03-01T08:18:32Z
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Environmental innovation and climate risk awareness: The moderating role of SDG13

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