The impact of environmental regulations and financial restrictions on the technological innovation of companies
Subject Areas : • Corporate Governance and the related new subjectsHossein Rostamkhani 1 , Dawood Tabarsa 2 , Javad Moradi 3
1 - Accounting, Abdolrahman Sofi Razi Institute of Higher Education, Zanjan, Iran
2 - PhD student in financial engineering, Department of Financial Engineering, Tehran University, Tehran, Iran.
3 - PhD student in financial engineering, Department of Financial Engineering, Qazvin branch, Islamic Azad University, Qazvin, Iran.
Keywords: Environmental regulations, Financial restrictions, Technological innovation,
Abstract :
Objective: Compliance with environmental regulations and financial resources are very important for the survival of companies. On the other hand, in the competitive market, it is vital to pay attention to technological innovation in companies. Therefore, the purpose of this research is to investigate the impact of environmental regulations and financial restrictions on technological innovation in companies. Methodology: This research is practical in terms of purpose. It is also among post-event studies. To select a statistical sample using the screening method, 124 companies were selected from among the companies admitted to the Tehran Stock Exchange during the period of 2018- 2022. For data analysis, multivariate regression model was used by Eviuse software. Results: The obtained results showed that environmental regulations and financial restrictions have an inverse and direct relationship with technological innovation in companies, respectively. In other words, the more companies comply with environmental regulations and financial restrictions, the less technological innovation happens in those companies. Innovation: In today's era, attention to technological innovation in companies can be considered as an important and influential variable. Therefore, the innovation aspect of this research is that there has been no research on the relationship between environmental regulations and financial restrictions with technological innovation.
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