ORIGINAL RESEARCH article
Front. Public Health
Sec. Environmental Health and Exposome
Volume 13 - 2025 | doi: 10.3389/fpubh.2025.1688327
Strategic Alliances and Green Innovation Bubbles: Drivers, Distortions, and Environmental Consequences
Provisionally accepted
- 1Dongshin University, Naju-si, Republic of Korea
- 2Dongshin University, Naju, Republic of Korea
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Amid severe global ecological challenges and China's "dual-carbon" goals, green innovation has become a key pathway for corporate sustainable development, yet the issue of green innovation bubbles has also emerged. Drawing on resource dependence theory and signaling theory, this study analyzes data from Chinese A-share listed companies between 2015 and 2022 to examine the impact of strategic alliances on green innovation bubbles and the moderating role of new-quality productivity. The results show that strategic alliances significantly promote green innovation bubbles, while new-quality productivity negatively moderates this effect. The impacts vary by alliance type: horizontal and diversified alliances exacerbate bubbles, whereas vertical alliances suppress them. Information asymmetry and policy resource acquisition serve as positive mediators. Moreover, the positive effect of alliances on bubbles is stronger in state-owned enterprises and regions with weaker environmental regulation. This research provides important policy insights for fostering genuine green innovations, emphasizing the need for stronger environmental regulations and targeted public health policies to ensure that innovation leads to real environmental and health benefits. These findings are particularly relevant for policymakers aiming to promote sustainable development while minimizing public health risks associated with green technology misallocations.
Keywords: Strategic alliances, Green innovation bubbles, New-quality productivity, information asymmetry, Policy resource acquisition
Received: 19 Aug 2025; Accepted: 23 Sep 2025.
Copyright: © 2025 wang, Xiang and Xie. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence: Tianwei Xie, 736911939@qq.com
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