Theoretical Evidence for Green Innovation Driven by Multiple Major Shareholders: Empirical Evidence from Chinese Listed Companies

Round 1

Reviewer 1 Report

Interesting article to read.

Introduction:

Page 1: line 28:: “ A Green and low-carbon economy has become the new focus of developing the global economy”- the view is not clear with the above statement. Rewrite the statement.

 

Line 31::  “transformation and upgrading of the national economy”: Rewrite as transformation and up-gradation of the national economy.

 

Line 34: “spurs their developmental patterns from extensive to green intensive ones” Extensive of what? Unclear.

 

Line 35: “ World watch Institute once points out that ecological technology innovation will be a key to whether a nation can develop perpetually.” –Relevant citation missing.

 

Page 2: Line 42:: “means that reaching a peak in carbon emissions by 2030 and then achieving net-zero emissions of carbon by 2060.”- Citation missing.

 

Line 44-64: Need to rewrite the importance of various theories wrt green innovation requirement in business.

 

Line 61-63: “According to environment-market theory, green products can bring private benefits to customers, so the market is also an important factor in driving enterprises to carry out green innovation.”- provide a relevant citation for the above-mentioned theory.

 

Line 90-91: “It is essential to study informal institutions such as the internal governance of enterprises.”- Statement is not clear. Authors are taking internal governance as an information institution or else. Plz, elaborate.

 

Literature review:

 

Page 4: 142-169:: Thoughts are not well aligned. The concept of agency theory, its components and their impact on controlling of an organization is quite complex to understand as a reader. Kindly simplify and rewrite the roles and impact.

 

Result Analysis:

4.3 Mechanism path test results of multiple large shareholders promoting green innovation.

The numbering in table 4 is incorrect instead of 1-4 it should be 3-6 based on my understanding of the manuscript.

Table 6 also exhibits the same issue of the numbering of equations mentioned in the manuscript.

 

Conclusion:

It should be more detailed and in context with the research findings.

 

The manuscript requires significant changes in language writing in a simpler way which may help readers to read in a clear and lucid manner and proper alignment of tables as per equations mentioned in the respective sections.

Citations are missing at various places. Few places have been highlighted, the rest need to check and cite accordingly.

Author Response

Please see the attachment

Author Response File: Author Response.docx

Reviewer 2 Report

Dear Author,

Apart from my comments, please try to improve the language partly as I believe it'll enhance the readability of the paper.

Comments for author File: Comments.pdf

Author Response

请参阅附件。

Round 2

Reviewer 1 Report

Good job done by the authors for reviewing the manuscript in short time.