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Green innovation is the need of the hour: the role of regional-level framework and institutional investor types

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  • Galloppo, Giuseppe
  • Guida, Roberto
  • Paimanova, Viktoriia
  • Urbani, Roberto

Abstract

This study examines how national-level institutions influence corporate attitudes towards green innovation while also considering the role of institutional investor types in a global context. Drawing on Institutional Theory, we present evidence that the geographical context significantly affects the variation in green innovation among firms. Furthermore, our findings indicate that investors’ involvement in promoting green innovation is closely linked to their investment horizon, which is aligned with their specific institutional category.

Suggested Citation

  • Galloppo, Giuseppe & Guida, Roberto & Paimanova, Viktoriia & Urbani, Roberto, 2026. "Green innovation is the need of the hour: the role of regional-level framework and institutional investor types," Finance Research Letters, Elsevier, vol. 87(C).
    • Handle: RePEc:eee:finlet:v:87:y:2026:i:c:s1544612325022780
    DOI: 10.1016/j.frl.2025.109029
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    Keywords

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    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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