The Role of Green Financing and Technological Innovation in Enhancing Corporate Environmental Performance Among Manufacturing Companies in India

Document Type : Research Paper

Authors

Department of Management Studies, Islamic University of Science and Technology, Awantipora, Pulwama-Kashmir

Abstract

This study examines the relationship between technological innovation, green financing, and environmental performance in Indian manufacturing companies. While green finance and technological innovation are found to be good for the environment, their direct impact on the environmental performance of companies requires further investigation. Using the partial linear scale model of structural equation modeling (PLS-SEM), this research assesses these effects and their interactions. The findings indicated that technological innovation significantly improves environmental performance and contributes to overall corporate success. Green financing, which includes environmental, financial, and social aspects, also has a positive impact on environmental performance. However, the economic factors do not exert a significant impact. The study presents empirical evidence of the interaction between green finance and technological innovation, offering valuable insights for policymakers and industry leaders within the Indian manufacturing sector. The findings can aid in formulating effective strategies for integrating green finance and technological innovation, thereby driving sustainable business practices and promoting environmentally responsible business models for long-term success.

Keywords

Main Subjects

References

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Interdisciplinary Journal of Management Studies
Volume 18, Issue 4
October 2025
Pages 685-704

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