Environmental innovation has become an important way for family firms to meet institutional requirements and market demands. Based on the dual perspectives of informal institution and environmental innovation, this study constructs a research framework of “culture‐innovation‐performance” to explore the relationship between Confucian culture, environmental innovation, and family firm performance as well as the moderating role of market competition intensity. A total of 529 family firms in the manufacturing industry listed on the Shanghai and Shenzhen A‐share stock markets between 2015 and 2021 were selected as the research sample to test the hypotheses using multiple regression analysis. The results indicate that Confucian culture significantly promotes the quality of environmental innovation but does not have a significant effect on the quantity of environmental innovation; moreover, both the quantity and quality of environmental innovation can promote the performance of family firms, and this promoting effect is stronger in an environment with lower market competition intensity. This study not only enriches the application of Confucian culture in environmental innovation but also provides guidance on how firms can improve the quality of environmental innovation.

中文翻译：

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儒家文化、环境创新与家族企业绩效：市场竞争的调节作用


环境创新已成为家族企业满足制度要求和市场需求的重要途径。本研究基于非正式制度与环境创新的双重视角，构建“文化-创新-绩效”的研究框架，探讨儒家文化、环境创新与家族企业绩效的关系以及市场竞争的调节作用。强度。选取2015年至2021年沪深A股市场上市的529家制造业家族企业作为研究样本，采用多元回归分析方法检验假设。研究结果表明，儒家文化对环境创新质量有显着促进作用，但对环境创新数量没有显着影响；而且，环境创新的数量和质量都可以促进家族企业的绩效，并且这种促进作用在市场竞争强度较低的环境中更强。本研究不仅丰富了儒家文化在环境创新中的运用，也为企业如何提高环境创新质量提供了指导。