The Impact Green Ficance and Social Responsibility on Enviromental Performance: The Mediating Role of Green Innovation

Document Type : Research Paper

Authors

1 Associate Professor Department of Management Sciences, Yazd University, Yazd, Iran.

2 Assistant Professor, Department of Management Sciences, Yazd University, Yazd, Iran.

3 Master of Science Graduated Student, Department of Management Sciences, Yazd University, Yazd, Iran.

Abstract

The primary objective of this study is to investigate the impact of green finance and corporate social responsibility (CSR) on environmental performance, mediated by green innovation, within Small and Medium-sized Enterprises (SMEs) in Yazd, Iran. This research is applied in terms of objective and descriptive-correlational in terms of methodology. The target population consists of senior and middle managers of SMEs in Yazd. To define SMEs, we used the criterion of human resources, identifying companies with 149 or fewer employees. Based on this criterion, 1,566 companies were classified as SMEs. A sample of 321 companies was selected using a non-probability convenience sampling method. Data were collected using a standardized questionnaire. The collected data were analyzed using the SmartPLS software through structural equation modeling (SEM). The research yielded significant findings: Green finance has a significant positive impact on environmental performance. Corporate social responsibility has a significant positive impact on environmental performance. Both green finance and corporate social responsibility significantly influence environmental performance through the mediating role of green innovation. The findings suggest that companies should invest in green technologies and green innovations to mitigate their environmental impact. Therefore, implementing financial incentive programs, such as tax discounts or financial rewards for companies engaged in green innovation, will enhance green innovation processes and encourage investment in renewable energy.

Keywords

Journal of Environmental and Natural Resource Economics
Volume 5, Issue 11
November 2025

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History

  • Receive Date: 22 July 2025
  • Revise Date: 01 October 2025
  • Accept Date: 25 October 2025

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