Research article

Green innovation mediates between financial innovation and business sustainability? Proof in the mexican manufacturing industry

  • Recent studies have shown that the lack of environmental regulations in public administrations, the inability of employees to innovate knowledge and skills, the high price of green technologies, and the lack of environmental awareness in organizations are the biggest threats to the environmental and sustainable development. In this context, manufacturing companies in emerging markets should not only focus on achieving a higher level of business sustainability in economic and financial terms, but also pay attention to financial and green innovation, because they are important ways to achieve a green transformation of businesses, to improve sustainability, and to reduce carbon dioxide emissions. This study provides data on the adoption and repercussions of these activities on the sustainability of manufacturing companies in Mexico. The proposed research model was validated by applying partial least squares structural equation modeling (PLS-SEM) on a sample of 338 companies. The results of the study showed that the business sustainability of manufacturing companies significantly improved through the application of financial and green innovation. In addition, the results of the study showed that green innovation plays the role of a mediating variable in the relationship between financial innovation and corporate sustainable development.

    Citation: Gonzalo Maldonado-Guzmán. Green innovation mediates between financial innovation and business sustainability? Proof in the mexican manufacturing industry[J]. Green Finance, 2024, 6(3): 563-584. doi: 10.3934/GF.2024021

    Related Papers:

    [1] Adam O'Keeffe, Erin Brooks, Chad Dunkel, Dev S. Shrestha . Soil moisture routing modeling of targeted biochar amendment in undulating topographies: an analysis of biochar's effects on streamflow. AIMS Environmental Science, 2023, 10(4): 529-546. doi: 10.3934/environsci.2023030
    [2] Maja Radziemska, Agnieszka Bęś, Zygmunt M. Gusiatin, Jerzy Jeznach, Zbigniew Mazur, Martin Brtnický . Novel combined amendments for sustainable remediation of the Pb-contaminated soil. AIMS Environmental Science, 2020, 7(1): 1-12. doi: 10.3934/environsci.2020001
    [3] Emitt C. Witt III . Use of lidar point cloud data to support estimation of residual trace metals stored in mine chat piles in the Old Lead Belt of southeastern, Missouri. AIMS Environmental Science, 2016, 3(3): 509-524. doi: 10.3934/environsci.2016.3.509
    [4] Souhaib Cherrak, Tahar Seghier, Ali Benghia, Felipe Araya Machuca, Augustin Mpanda Mabwe, Souraya Goumri-Said . Exploring the electrical properties of pressboard and kraft paper insulation in power transformers: A dielectric spectroscopy and principal component analysis approach. AIMS Environmental Science, 2024, 11(5): 831-846. doi: 10.3934/environsci.2024041
    [5] Muhammad Andang Novianta, Syafrudin, Budi Warsito, Siti Rachmawati . Monitoring river water quality through predictive modeling using artificial neural networks backpropagation. AIMS Environmental Science, 2024, 11(4): 649-664. doi: 10.3934/environsci.2024032
    [6] Rakibul Hasan, Rabeya Khatoon, Jahanara Akter, Nur Mohammad, Md Kamruzzaman, Atia Shahana, Sanchita Saha . AI-Driven greenhouse gas monitoring: enhancing accuracy, efficiency, and real-time emissions tracking. AIMS Environmental Science, 2025, 12(3): 495-525. doi: 10.3934/environsci.2025023
    [7] Cristina Calderón-Tapia, Edinson Medina-Barrera, Nelson Chuquin-Vasco, Jorge Vasco-Vasco, Juan Chuquin-Vasco, Sebastian Guerrero-Luzuriaga . Exploration of bacterial strains with bioremediation potential for mercury and cyanide from mine tailings in "San Carlos de las Minas, Ecuador". AIMS Environmental Science, 2024, 11(3): 381-400. doi: 10.3934/environsci.2024019
    [8] Dongyan Mu, John Hawks, Andrew Diaz . Impacts on vegetable yields, nutrient contents and soil fertility in a community garden with different compost amendments. AIMS Environmental Science, 2020, 7(4): 350-365. doi: 10.3934/environsci.2020023
    [9] Jorge Sierra, Antoine Richard . Modeling the temporal dynamics of chlordecone in the profile of tropical polluted soils as affected by land use change. AIMS Environmental Science, 2021, 8(4): 304-320. doi: 10.3934/environsci.2021020
    [10] Jerry R. Miller, John P. Gannon, Kyle Corcoran . Concentrations, mobility, and potential ecological risks of selected metals within compost amended, reclaimed coal mine soils, tropical South Sumatra, Indonesia. AIMS Environmental Science, 2019, 6(4): 298-325. doi: 10.3934/environsci.2019.4.298
  • Recent studies have shown that the lack of environmental regulations in public administrations, the inability of employees to innovate knowledge and skills, the high price of green technologies, and the lack of environmental awareness in organizations are the biggest threats to the environmental and sustainable development. In this context, manufacturing companies in emerging markets should not only focus on achieving a higher level of business sustainability in economic and financial terms, but also pay attention to financial and green innovation, because they are important ways to achieve a green transformation of businesses, to improve sustainability, and to reduce carbon dioxide emissions. This study provides data on the adoption and repercussions of these activities on the sustainability of manufacturing companies in Mexico. The proposed research model was validated by applying partial least squares structural equation modeling (PLS-SEM) on a sample of 338 companies. The results of the study showed that the business sustainability of manufacturing companies significantly improved through the application of financial and green innovation. In addition, the results of the study showed that green innovation plays the role of a mediating variable in the relationship between financial innovation and corporate sustainable development.



    The uppermost layer of the Earth's crust is made up of soil, which is a mixture of organic matter, minerals, water, air, and living things. The environment and human societies depend on the functions and services provided by the dynamic soil system. Soil is the premise for nourishment and biomass generation. Soil stores, and changes a huge assortment of substances, including water, inorganic, and natural compounds. Soil gives crude materials for human utilization [1]. It too serves as the premise for human exercises such as scene and heritage. It is also critical for our technical and socio-economic foundation, to deliver materials for their usage and support [2]. For the construction of buildings, the fields of agriculture, hydrology, meteorology, and civil and geotechnical engineering depend heavily on the moisture content of the soil [3]. Expanding the capabilities of well-established sensors and modeling methods to estimate soil moisture presents a challenge [4]. For a wide range of applications, such as better irrigation scheduling forecasting and breaking down rainfall into its runoff and infiltration components, data regarding soil moisture is required. One important factor that influences the engineering behavior of soils, particularly cohesive soils, is their moisture content. Soil moisture content also affects the pollution transport through soil material and the potential contamination of groundwater. As a result, one of the most important tasks in an experimental study in the fields of geotechnical and environmental engineering is to monitor and determine the moisture content [5].

    There are several methods for measuring the water content of soil, both direct and indirect. A fundamental calibration technique used to compare various methods with one another is the standard method (gravimetric method) [6]. This technique is frequently used to calculate the moisture content of soil. A known-volume soil sample must be oven-dried for several hours at 105 degrees Celsius until reaches constant weight. The weight of the oven dry condition is subtracted from the initial field soil weight to determine the water content. The percentage of water by volume or weight can be used to express the moisture content. Even though it's a standard procedure and can provide a high level of accuracy, it takes a long time, costs a lot of money, destroys samples, and can't measure moisture over time or for large field investigations. Put simply, soil moisture measurements using the gravimetric method are impractical for hydrological and agricultural applications where frequent, large-scale in-situ observations are necessary. They are also less suitable for validating remote sensing products, which require data collected within a narrow time window aligned with satellite overpasses.

    The indirect methods are invasive method called non-destructive testing (NDT). NDT approaches capable of directly gauging moisture levels, yielding precise outcomes with increased accuracy and resolution, are crucial for deepening our grasp of soil water dynamics and accurately determining its moisture content [7]. Several NDT methods have been developed to measure soil moisture content. The most available used NDT methods include:

    ● Neutron method: This method uses a relatively expensive radioactive source that requires a trained operator. It is also hazardous to the health and environment [8].

    ● Gamma-ray method: This is a non-destructive radioactive method. The application of this technique in the field is limited due to its high cost and complexity of use [9,10].

    ● Gypsum block method: This is a type of electrochemical cell. The primary constraint of this methodology is the gypsum block's dissolution and degradation, which necessitates periodic recalibration [11].

    ● Tensiometer method: Without upsetting the soil, it can provide continuous measurements of soil moisture. However, investigation has shown that tensiometers are not appropriate for use in dry soils. The use of this method in research is restricted by its high maintenance requirements [11].

    ● Time domain reflectometer (TDR): TDR is a non-destructive method that requires comparatively less labor; the instrument is safe to use, portable, and easy to install. The environment affects TDR probes. Therefore, gaps between the soil and the probe could cause inaccurate measurements. In extremely salinized soils, its applicability is restricted [12].

    ● Remote sensing methods: The electromagnetic energy that is reflected or emitted from the soil surface is necessary for the remote sensing of soil moisture. Although it is expensive and complex, remote sensing works best for larger areas that must be uniformly and repeatedly covered. Determining the water content of soil in dense vegetation is still a challenging task [13].

    ● Pressure plate method: Estimating the field capacity, permanent wilting point, and moisture content at various pressures is typically done using this method. At low water potentials, the apparatus is prone to errors. The approach overestimates [14].

    ● Ground penetrating radar (GPR): The transmission and reflection of electromagnetic waves through soil is the basis for GPR measurements. GPR is a high-resolution, quick, and non-destructive method that can cover a wide area and go beyond the surface layer. Because of the large sizes of the antennas, their use is restricted to steep and rocky slopes. GPR is challenging to use in forests because trees act as reflectors, producing inaccurate data [15,16]. Electromagnetic electrode method: This technique is heavily utilized for determining the moisture content of soil and for many other applications involving diverse fields and materials [17,18,19,20,21]. The electrode can be easily modified to fit the testing conditions using this straightforward method. Moreover, this electrode method is portable, low price, and capable of operating across a large frequency range. Numerous investigations were carried out to apply this philosophy to soil pollution, water quality, concrete moisture, and wood testing for strength and moisture [22,23,24,25,26,27,28]. The methods used to determine soil moisture content are summarized in Table 1, which also highlights the advantages and limitations of each method.

    Table 1.  Summary of methods used to determine soil moisture content.
    Method Advantages Disadvantages and limitations Ref.
    Gravimetric method The standard method, it is a reference to calibrate all other methods It time time-consuming, costly, and mostly destroys the samples [6]
    Neutron method Good accuracy Relatively expensive, required trained operator, hazardous to the health [8]
    Gamma-ray method Non-destructive radioactive The Application in the field is limited by its high cost and complexity of use [9,10]
    Gypsum block method Electrochemical with acceptable accuracy Dissolution and degradation gypsum is the main constraint, and needs recalibration [11]
    Tensiometer method Provide continuous measurements, and nondestructive Not appropriate for low moisture and dry soils. Required high maintenance [11]
    Time domain reflectometer (TDR) Nondestructive method, requires less labour; safe to use, easy to install Air gaps between the soil and the probe cause error, it is not accurate for salinized and organic [12]
    Remote sensing method Works best for larger areas that must be uniformly and repeatedly covered. It is expensive and complex, remote sensing Determining the water content of soil in dense vegetation is a challenging task [13]
    Pressure plate It is accurate for low water content The method is prone to errors and the approach overestimates water content [14]
    Ground penetrating radar (GPR) GPR is a high-resolution, quick, and non-destructive method that can cover a wide area and go beyond the surface layer. GPR is challenging to use in forests because trees act as reflectors, producing inaccurate data [15,16]
    Electromagnetic electrode method The electrode can be easily modified to fit the testing conditions. It is portable, low-priced, and operates at a wide frequency range Needs to model the circuits for the design of electrodes, it is costly at high frequency. [17,18,19,20,21]

     | Show Table
    DownLoad: CSV

    Soil moisture plays a key role in various hydrological applications, each requiring measurements across different spatial scales, from point measurements at monitoring stations to field, watershed, and regional scales. Accurate soil moisture readings at these scales are critical to meet the technical needs of tasks like state initialization, data assimilation, model parameter optimization, and model validation [29]. Yet, obtaining a representative average soil moisture value beyond the point scale is challenging. The distribution of soil moisture across different scales is influenced by factors such as soil texture, vegetation, terrain, and variations in precipitation [30]. Therefore, in-situ soil moisture measurements at multiple locations within the selected scale are essential for a reliable average estimate.

    The most popular technique for determining the moisture content of soil and various other materials are the electromagnetic methods. The interaction between electromagnetic waves and soil material depends on the complex permittivity (ε*) and complex permeability (μ*) of soil. Since most soil is a nonmagnetic material, its permeability remains constant, allowing it to be characterized solely by its complex permittivity. The complex permittivity of soil (ε*) can be determined by subtracting the imaginary part of the soil's loss factor (jεsoil) form its dielectric constant (εsoil) [31]. The dielectric constant, signifying the extent of energy absorbed by the soil from the electromagnetic signal, and the loss factor indicates the energy loss from the electromagnetic signal due to current conductance. However, creating electromagnetic sensors to gauge soil moisture content remains challenging. These sensors use dielectric models of moist soil, but it is difficult to generalize these models to apply to all soil types. Important factors like soil density and texture, which affect the dielectric properties of soil, are not adequately considered by the current dielectric models [17,32]. Consequently, significant errors may arise when predicting soil moisture content using the existing empirical models.

    Calibration is a vital process that adjusts sensor readings to account for soil-specific conditions, ensuring accurate and consistent soil moisture measurements. For instance, soils with higher clay content generally show higher electrical conductivity, whereas sandy soils typically exhibit lower conductivity. This variation can significantly impact the accuracy of soil moisture sensors. Therefore, developing a reliable calibration for dielectric-based sensors must carefully consider both the sensor's operating frequency and the soil type where measurements will be taken [12,33].

    For applications needing frequent soil moisture readings, modern tools like electronic sensors that give instant measurements are essential. These sensors generally measure the dielectric properties of soil and water, using this information to estimate moisture levels through specific calibration relationships. Although many calibration methods for these sensors are available in scientific literature, their field use is often limited due to calibration difficulties, technical complexity, and doubts about their accuracy. This study aims to develop a multi-array electromagnetic sensor (MAES) to precisely measure the soil dielectric properties. The primary goal is to measure the dielectric properties of soils with different grain sizes, textures, and densities at various moisture contents. Additionally, the study aims to evaluate the most commonly used dielectric models for soil moisture content. Furthermore, new theoretical and empirical dielectric models will be developed for improved accuracy. Finally, the study will explore the use of artificial intelligence (AI), employing different ANN models, to predict soil moisture content more accurately.

    Several theoretical and empirical physical dielectric models have been developed using three approaches namely; the Phenomenological approach, mixture volumetric approach and empirical statistical approach [34,35,36,37]. The following subsection explain briefly these three approaches. Furthermore, AI using ANN modeling will be added to model soil dielectric properties.

    It is evident from the review of phenomenological models such as Cole-Cole [38] and Debye [39] that require recalibration for every unique material. As such, it is challenging to describe the dielectric differences between different types of soil using these models. Therefore, these types of models are not used for soil moisture practical applications [7].

    Based on the relative concentrations of the various soil constituents and each one's distinct dielectric properties, volumetric models characterize the dielectric properties of a soil. Pore space, volumetric water content, and solid matter are the three primary input parameters used in these models [7]. For soil moisture content, multiple three-phase mixture volumetric models were created. These stages included solid particles, water, and air. These phases' volume fractions are, respectively, θa, θw, and θs for air, water, and solid. For air, water, and solid phases, the corresponding dielectric properties are εa, εw, and εs. The following are the most widely used theoretical mixture models for determining soil moisture content:

    Silberstein's linear model was suggested [40]. Eqs (1) and (2) provide the dielectric constant and loss factor formulas, respectively.

    dielectric constant=εsoil=θsεs+θwεw+θaεa (1)
    loss factor=ϵsoil=θsϵs+θwϵw+θaϵa (2)

    Birchak's square root model (power equal to 0.5) [41]. Eqs (3) and (4) provide the dielectric constant and loss factor formulas, respectively.

    dielectric constant=(εsoil)12=θs(εs)12+θw(εw)12+θa(εa)12 (3)
    loss factor=(εsoil)12=θs(εs)12+θw(εw)12+θa(εa)12 (4)

    Looyenga's power model states that power equals 1/3 [42]. Eqs (5) and (6) provide the dielectric constant and loss factor formulas, respectively.

    dielectric constant=(εsoil)13=θs(εs)13+θw(εw)13+θa(εa)13 (5)
    loss factor=(εsoil)13=θs(εs)13+θw(εw)13+θa(εa)13 (6)

    The logarithmic model that Lichtenecher proposed [43]. Eqs (7) and (8) provide the dielectric constant and loss factor formulas, respectively.

    DC=εsoil=θslnεs+θwlnεw+θalnεa (7)
    DL=εsoil=θslnεs+θwlnεw+θalnεa (8)

    Among these mixture models, a general power model was used for several materials with different powers. The researcher sought to determine the power to best fit the experimental data. The power mode for dielectric constant and dielectric loss are given in (9) and (10).

    (DC)α=(εsoil)α=θs(εs)α+θw(εw)α+θa(εa)α (9)
    (DL)α=(εsoil)α=θs(εs)α+θw(εw)α+θa(ε;a)α (10)

    The volume fraction of the soil phases and the dielectric characteristics of each phase were necessary for all of these mixture models. Furthermore, these models fail to take into account the interactions between these soil phases, which renders them inaccurate for estimating soil moisture content. The solid soil particles and the water phases may interact chemically or physically. These interactions are not taken into consideration in any of these models.

    The empirical model is a statistical and mathematical representations of the correlations between a medium's other attributes its texture and volumetric water content—and its dielectric properties. The mathematical description does not seem to have a physical foundation. An empirical model might therefore only hold true for the data that were utilized to establish the relationship. The study of soil moisture content has served as the basis for numerous empirical models.

    Many models that researchers have proposed rely on their experimental work, data fitting, and model parameter determination. There is no standard formula for empirical models; instead, the best statistical regression model to fit the data must be found through multiple trials. To select the best model from the trials, one must perform an ANOVA analysis and ascertain the correlation coefficient, error, F-test, and level of significance.

    The most widely accepted empirical dielectric model for soil moisture content was proposed by Topp [44]. When the soil has a varied texture, and contains organic matter, salt, and other characteristics, the Topp model is unable to measure the soil accurately. The formula for the Topp model is (11).

    Water content=θw=5.3×102+2.29×102εsoil5.5×102ε2soil+4.3×106ε3soil (11)

    The relationship between dielectric properties and soil composition and properties is determined using theoretical dielectric models including mixture theory, phonological models, and empirical models using central composite and response surface methodology. There are several problems associated with these models and methods such as complications of soil material, unavailability of needed soil information, complicated nonlinear relationship, and limited application of statistical methods to the condition of soil used to develop these models. ANN shows promising capabilities of overcoming such problems in many fields [45].

    ANN models have been used for several applications for the prediction of the composition of various materials including soil. ANN has been found to offer good modeling techniques in many areas of soil material including, prediction of soil consolidation [46], prediction of soil organic matter [47] estimation of the shear strength of soil [48] prediction of soil compaction [49,50], estimation of soil moisture [51], prediction of soil permeability [52], and soil pollution such as heavy metal and hydrocarbon [53,54]. Moreover, ANNs have been used in other vital applications including the prediction of carbon emissions [55] and their real-time development [56].

    Among the information-driven modeling tools that may capture complicated and nonlinear interactions between input and output datasets without requiring a prior understanding of the underlying phenomena are artificial neural networks (ANNs). ANNs have a flexible statistical structure. Three or more layers are usually present in these networks: an input layer, hidden layers, and an output layer. The neurons of the primary hidden layer receive all input data from the input layer [57].

    When producing outputs that match predetermined inputs, the output layer is essential. In the meantime, sets of feature detectors are performed by the hidden layers, which might consist of one or more layers. In system modelling, choosing the right network framework is an important but difficult challenge [58,59,60]. A schematic illustration of a general 3-layer ANNs model is shown in Figure 1.

    Figure 1.  A schematic representation of a general 3-layer ANNs model.

    Applying ANNs can be done in a variety of ways and deducing which one works best is hard because it involves systematically testing a lot of different scenarios. There are several different types and frameworks of ANNs, such as Regression Neural Networks, Multilayer Perceptron Networks, Probabilistic Neural Networks, Radial Functions Networks (RFN), Back Propagation Networks (BPN), Cascade Neural Networks (CNN) and Feedforward Neural Networks (FNNs). The most widely used of these are FNNs and CNN [61,62]. Therefore, these two ANN models will be used in this study.

    The creation of an Artificial Neural Network model to investigate the connections between the soil complex permittivity and the four soil phases including solid, water and air, is one of the study's two primary goals. To control soil moisture content and predict the total water level, it is essential to comprehend the relationship between soil dielectric constant, dielectric loss, and volume fraction of soil phases. The second goal is to employ the ANN to forecast the soil moisture content by using the soil's measured dielectric constant and dielectric loss.

    The new MADS for estimating soil moisture is presented in this section. The capacitive parallel plate dielectric cell (CPPDC) created in earlier research [19,31], was used to calibrate the new sensor because it has the ability to precisely compute the dielectric characteristics of a variety of materials, including composite material, liquids, and geotechnical materials like as rock and soil. The following subsection presents the MADS's detailed design.

    A number of designs were established, and their appropriateness for the in-situ was assessed. The dielectric properties were not really assessed; instead, the only focus was on deciding their suitability for use in soil. Four configurations for the design and setup were explored: cone penetration rod, cylinder probe, plate probe, and pin probe.

    The pin probe, shown in Figure 2a, was simply placed into the field; however, because the soil's electric field would not be consistent with the AC signal, there would be little contact of the probe and the sand, and the pine design was discarded. The second probe was the parallel plate design presented in Figure 2b enhanced the AC interaction with the soil by creating a steady uniform field, but it was not used because of large fringing of electrical field at the edges.

    Figure 2.  Schematic diagram and actual preliminary MAES (setup and design).

    The cone penetration design, shown in Figure 3, was the final design that formed as coaxial rod and a ring. This particular design was selected due to its capacity to offer a satisfactory degree of soil interaction and its simplicity of insertion into the field. Furthermore, cone penetration tests like this design configuration were commonplace to geotechnical engineers. The probe provided the profile of dielectric measurements at various soil depths by enabling the use of multi-ring electrodes.

    Figure 3.  Schematic diagram and actual cone probe design and setup.

    Because it is simple to insert for in situ testing, the cone penetration probe was selected as the final MADS design and configuration for soil moisture content implementations. Multi ring electrodes were used in the MADS setup and design, which allowed the electric field to extend both inside and outside the rod.

    The impedance (Z) inside the sensor was constant, but the Z outside varied according to the attributes of the surrounding soil of rod and ring electrodes. The admittance (Y) of soil calculated from the equivalent model circuit of the MAES as inner impedance and outer impedance. The sensor's schematic diagram is shown in Figure 3a.

    An LCR meter was used in the final configuration and design of MAES to measure soil impedance and act as the source of the electromagnetic signal. The LCR meter was connected to the ring electrodes via coaxial cables, and for automated calculations, it was also connected to a personal computer. The actual MAES is given in Figure 3b.

    The complex Y of soil is determined by measuring the impedance of the soil surrounding the dielectric sensor at each frequency using an LCR meter. Using (12), one could determine the Y of the soil neighboring the sensor based on the soil Z.

    Ysoil=1Z=Ysoil+iYsoil=Gsoil+iBsoil (12)

    The measured real part (G) and imaginary part (B) of soil Y could be used to calculate the real and imaginary parts of the complex permittivity of soil, also known as the ε' and ε'' determined, respectively, using (13) and (14).

    Dielectric constant=εsoil=(BsoilωCoCinCo) (13)
    Loss factor=εsoil=(GsoilωCo) (14)

    Where Cin is the inside capacitance, Co the capacitance of free space, and ω is the angular frequency and given by (15).

    ω=2πf (15)

    Where f is the frequency in hertz. To compute the dielectric properties as mentioned in (13) and (14), the sensor constant Co and Cin for any operating frequency must be ascertained. Two materials with known ε' and ε'' were used to find these two sensor constants. The sensor parameters could be found by solving the two linear equations that result from these two measurements, which are represented by (16) and (17).

    Bmaterial one=ω(εmaterial oneCo+Cin) (16)
    Bmaterial two=ω(εmaterial twoCo+Cin) (17)

    The dielectric sensor parameters were determined at each frequency using methyl alcohol and deionized water. Methyl alcohol and deionized water had complex permittivity of 9.02-i7.10 and 80.2-i0, respectively. To compute the dielectric properties of soil, the sensor constants Co and Cin were calculated at every frequency between 1 kHz and 1000 kHz. These values were then stored.

    The MADS was calibrated using two techniques. The LCR meter's open/short calibration standard method, created by HP, was the first technique used to calibrate the MADS [63]. After the open/short calibration standard was put into place, the measure impedance of Teflon, the standard material, was more accurate and the error between the measure and actual values dropped from 4.0 percent to less than 1.0 percent.

    The CPPDC was the second calibration technique employed. Diesel served as the standard material, and its dielectric characteristics were assessed using the suggested MADS in addition to the CPPDC. In order to calibrate MADS, the results of the diesel's dielectric properties using both CPPDC and MADS were compared. The results show that the value measured by CPPDC was greater than the measured dielectric properties using the suggested MADS. This was observed in a number of materials, with very tiny and nearly constant errors. To ensure that the material's measured dielectric properties match (have an equal value) with the measured values obtained using CPPDC, a correction factor was added. The correction factor is presented in (18)

    Correction factor=εCPPDCεusing MAES (18)

    Validation of MAES: To confirm that MAES is accurate in measuring a material's dielectric characteristics. The dielectric characteristics of the water were computed after the sensor was submerged in it at 25℃. The outcomes show strong agreement with findings published by numerous researchers. If we take into account the possibility that the water may not be pure, the deviation between the computed dielectric constant of water and its reported value of 80.0 was below 1.0%.

    Sample preparation involved the use of two different types of soil: clay and sand. To get closer to the natural environment, which lacks pure sandy or clayey soil, various percentages of clayey and sandy soil were combined. Figure 4 lists the characteristics and grading of both clay and sandy soils. Two set of soil samples were used. The first set sandy soil was used and the moisture ranges from 0% to saturated condition 40%. This set of testing include 17 sand soil with different moisture content. The second set of soil samples were 75 soil samples. The soil samples contain sand and clay at different percentages. The moisture of the second soil set evaluated at 5 water level and five level of various texture and 3 level of soil density produced using three level of compaction. The detail of these soil sets are explained in the following subsections.

    Figure 4.  Grading characteristics of sand and clay soil samples.

    The dielectric of sand (coarse-grained) was measured at different moisture contents, from 0.0 percent (oven dry condition) to 40.0 percent moist soil (saturated condition). A total of seventeen samples of sand (specific gravity = 2.650) and varying moisture contents were prepared. Every model—theoretical, empirical, and AI—was assessed. It was possible to create new dielectric models for moist sandy soil.

    Five series of samples were prepared in order to assess the impact of soil moisture content, texture, and density. These series combine the fine-grained (clay) and coarse-grained (sand) contents to create a soil sample. There were five coarse-grained content by weight. 100 percent (pure coarse-grained), 75, 50, 25, and 0 percent of the contents were sand (coarse-grained). These five series' corresponding clay (fine-grained contents) were 100 (pure fine-grained), 25, 50, 75, and 0 percent. Because soil physical properties like water content, density, and porosity are dependent variables and affect each other, the dielectric properties of each series were measured and evaluated at five water content by volume. The water contents range from 0.0 to 20.0 percent with five percent increments. To better understand the effects of density and porosity, each soil sample was filled into the dielectric cell using three different levels of compaction, resulting in three different densities and three different porosities. The dielectric properties were measured at frequencies ranging from 1 to 1000 kH.

    The focus in this study was to develop three new dielectric model for moisture content of soil. First model will use the theoretical mixture volumetric approach and the second new model will use the empirical approach to include the effect of soil density and soil texture such as sand and clay content on the dielectric models of moist soil. The third model was the ANN model to determine the dielectric properties of moist soil.

    We prepared and tested seventeen samples of sandy soil (coarse-grained soil with specific gravit = 2.65), varying in moisture content from 0.0 percent (oven-dry) to 40.0 percent (saturated condition). New dielectric models for moist sandy soil were developed after an evaluation of all theoretical, empirical, and AI models.

    Three phases of mixture volumetric dielectric models of soil material were assessed. The three phases of soil are air, water, and solid. The dielectric characteristics of the soil constituents (phases) and the volume percentages of each constituent determine the dielectric property of the soil mixture volumetric dielectric. For soil materials, a number of theoretically feasible mixture dielectric models were created and put forth. The most advanced theoretical mixture volumetric models for soil composition were examined. Silberstein, Birchak, Looyenga, and Lichtenecker are some of these models. These models were used to determine the dielectric constant and loss factor of soil based on the volume fraction of the constituent parts of the soil material and the dielectric characteristics of each phase (component). The computed dielectric constant and the extent to which these values match the experimental data at each moisture content were shown in Figure 5.

    Figure 5.  Experimental and available dielectric constant mixture models of sandy soil versus water content.

    Using the previously mentioned analytical models, Figure 6 presents the result of the optimal theoretical model for the dielectric constant of clean soil at various moisture contents and compares it with the measured values from this study.

    Figure 6.  Experimental dielectric constant versus model dielectric constant.

    Based on the proposed theoretical models, Figure 7 displays the loss factor of the sand samples. As seen in Figure 8, the best theoretical model was found by comparing the models that were given with the experimental values that were measured.

    Figure 7.  Experimental and available loss factor mixture models of sandy soil versus water content.
    Figure 8.  Experimental loss factor versus model dielectric constant.

    According to the dielectric constant result using analytical soil models, Silberstein (linear) was the model that most closely fit the experimental data. The loss factor of moist soil was underestimated by all analytical models. New mixture volumetric dielectric models for the dielectric constant and loss factor were proposed in this study. The three-phase power model was one of the newly suggested models. At α = 0.9 for the dielectric constant and 1.4 for the loss factor, the experimental measurement fit the power function the best. The newly suggested model fit power model is given by (19) and (20) dielectric constant and loss factor respectively.

    Dielectric constant=(ϵsoil)0.9=θs(ϵs)0.9+θw(ϵw)0.9+θa(ϵa)0.9 (19)
    Loss factor=(ϵsoil)1.4=θs(ϵs)1.4+θw(ϵw)1.4+θa(ϵa)1.4 (20)

    Several empirical models have been examined in order to develop the most appropriate model for determining the dielectric properties of soil materials, as analytical models are not able to provide accurate estimations of these properties. Numerous statistical models, including linear, quadratic, and cubic models, have been proposed by researchers to determine the relationship between the water content and the dielectric constant of soil. Regression analysis, both multilinear and multinonlinear, was performed on these models in this study using MATLAB.

    Table 2 summarizes the regression analysis and model fitting, and Figure 9 shows the models with 95% confidence fitting curves. As can be seen in Table 2, where θw stands for the volume fraction of moisture content, the cubic model was found to be the best. This model had the lowest mean square error and the highest correlation coefficient (R2 = 0.9937 and RMSE = 0.8478), similar to the one put forth by Topp [44]. Furthermore, of all the models examined, this one had the smallest and lowest residual value.

    Table 2.  Regression analysis and fitting performance of dielectric constant models.
    Model Correlation coefficient (R2) Adjusted correlation coefficient Residual mean square error (RMSE) F-value P-Value Sig.
    Linear model 0.9817 0.9817 1.4910 804.74 0.000
    Quadraric model 0.9945 0.9937 0.8489 1257.38 0.000
    Cubic model 0.9937 0.9937 0.8478 840.85 0.000

     | Show Table
    DownLoad: CSV
    Figure 9.  Empirical dielectric constant models versus moisture content of sand soil.

    On the other hand, a number of dielectric models for loss factor have been put forth by scientists to ascertain the connection between soil water content and loss factor. There are cubic, quadratic, and linear versions of these models. These models were created for this study, and Table 3 shows the results of the regression analysis and model fitting. Figure 10 displays the models with 95% confidence fitting curves. According to Table 3, the cubic model turned out to be the most effective. This model, which is comparable to Topp's model, had the lowest mean square error and the highest correlation coefficient (R2 = 0.9975). This model also had the smallest and lowest residual value out of all the models that were looked at.

    Table 3.  Regression analysis and fitting performance of loss factor models.
    Model Correlation coefficient (R2) Adjusted correlation coefficient Residual mean square error (RMSE) F-value P-Value Sig.
    Linear model 0.9588 0.9561 22.72 804.74 0.000
    Quadraric model 0.9949 0.9941 8.294 1257.38 0.000
    Cubic model 0.9975 0.9969 6.059 840.85 0.000

     | Show Table
    DownLoad: CSV
    Figure 10.  Empirical loss factor models versus moisture content of sand soil.

    To identify the most suitable artificial neural network (ANN) model for predicting soil moisture content and dielectric properties, several performance metrics were considered. These included the number of learning trials, correlation coefficients, mean square error, and residual error. Various activation functions were applied in the proposed feedforward neural network (FNN) models, including linear, hyperbolic tangent (tanh), logistic (or sigmoid), and Gaussian functions (see Figure 11). The primary role of an activation function is to introduce non-linearity to the neuron's output by calculating a weighted sum and applying bias, which determines whether the neuron is activated.

    Figure 11.  The detail of FNN model used to predict soil dielectric properties using moisture content.

    The soil sample data was divided into three groups for training, validation, and testing. The first group, representing 70% of the samples, was used to train the FNN and CNN models. The second group, consisting of 15% of the total samples, was used as a validation set to assess the performance of these models. The final 15% was reserved for testing and evaluating how well the ANN models fit the data. This systematic division facilitated a robust evaluation and optimization of the ANN models for predicting dielectric properties using soil moisture content and soil phases.

    Two ANN models were used to predict sand dielectric properties based on the measured sand moisture content using the proposed sensor. These models are FNN and CNN. FNN and CNN have been used in several engineering applications [64,65,66]. The schematic diagram and detail of ANN models is presented in Figure 11. The two models used an input layer with one variable (sand moisture content) and one output layer with two variables (sand dielectric constant and loss factor). The FNN model has one hidden layer with six neurons while the CNN model has one hidden layer with six neurons. Both models have used the 'logsig' activation function in the input and hidden layers. Both models also used the 'puelin' activation function in the output layers. The training method in both models was the 'levenberg Marquardt' method. The performance details of the used FNN models are shown in Figure 12. The best ANN model consist of three layers, input layer contains 1 neuron, one hidden layer contains 6 neurons, and output layer contains 2 neurons.

    Figure 12.  Experimental dielectric properties versus predicted values using FNN model.

    The prediction results of the dielectric properties of moist sandy soil using the ANN model indicated that both models are excellent in estimating dielectric properties. The correlation coefficients (R) of the training phase for FNN and CNN models were 0.9999 and 0.9816, respectively. Therefore, the best ANN was FNN. The R for the validation and testing phase of FNN were 0.9915 and 0.9830, respectively.

    To further assess the reliability of the ANN models, multiple rounds of random training were conducted. This ensured that the promising results of the ANN models were not due to chance (i.e., a specific training case). Notably, the performance metric of correlation coefficients (R) showed no significant differences between the various training trials, confirming the consistency of the model's performance.

    Seventy-five soil samples were prepared in order to test the effects of soil moisture content, soil texture, and soil density on soil dielectric properties. To determine how these variables affected the results, five series of samples were made. To create the soil samples, these series blended the contents of fine-grained (clay) and coarse-grained (sand). The percentages of sand that corresponded to the clay contents were 100%, 75%, 50%, 25%, and 0%, respectively. Each series' dielectric characteristics were measured and assessed at five different volumetric water content levels, ranging from 0% to 20%. Three stages of compaction were applied to each sample in order to produce soil samples with three distinct densities at each moisture content and texture level because the physical characteristics of soil, such as density, porosity, and moisture content, are interdependent and influence one another.

    Following the preparation of these soil samples, the suggested MADS was used to measure the dielectric characteristics of 75 moist soils. Empirical and AI-based dielectric models were created and assessed for these samples. Since theoretical dielectric models are unable to determine soil density, they were not utilized. The volume fraction of soil phases and the dielectric characteristics of each phase are the only factors considered in theoretical models, such as volumetric mixture models. Ignoring the interactions between phases, they calculate the dielectric properties of soil based on the dielectric properties and volume fractions of each phase. The applicability of theoretical models is limited by the dynamic nature of soil, which is subject to loads that alter its density and the volume of each phase through compaction or consolidation. Consequently, the ensuing subsections will not address or elaborate on this kind of dielectric model.

    The majority of researchers focus on the dielectric characteristics of soil in relation to water content or soil composition. This study produced a number of models that provide good relationships with three different variables: soil texture, density, and moisture content. Table 4 provides a summary of these general models for the clean soil's dielectric constant. Intensive regression analysis performed and many formulas for model the dielectric constant. For each model ANOVA analysis were performed to evaluate and determine the best model to fit the data. The best five model obtained in this study are listed below.

    Table 4.  ANOVA and regression analysis of empirical dielectric constant models.
    Model R square R adjusted Error (RMSE) F value Sig.
    DM1 0.9090 0.9038 3.0053 174.8 0.000
    DM2 0.7896 0.7776 4.5690 65.69 0.000
    DM3 0.9158 0.9097 2.9120 150.0 0.000
    DM4 0.9756 0.9735 2.9120 7.310 0.009

     | Show Table
    DownLoad: CSV

    Model 1 (DM1) dielectric constant is function of soil texture (sand content) and soil moisture content (21).

    εsoil=7.9060.09405S+1.215θ0.0116θ2+0.00058θ3 (21)

    Model 2 (DM2) dielectric constant is function of soil density and moisture content (22).

    εsoil=3.590.29ρ+1.220θ0.0114θ2+0.00057θ3 (22)

    Model 3 (DM3) dielectric constant is function of soil texture (sand content), density and soil moisture content (23).

    εsoil=0.330.09967S+5.87ρ+1.116θ0.0153θ2+0.00089θ3 (23)

    Model 4 (DM4) dielectric constant is function of soil texture (sand and clay contents), density and soil moisture content (24).

    εsoil=0.0963S+0.0033C+5.87ρ+1.116θ0.0153θ2+0.00089θ3 (24)

    Table 5 provides a summary of the general models for the clean soil's loss factor. Intensive regression analysis performed and many formulas for model the loss factor. For each model ANOVA analysis were performed to evaluate and determine the best model to fit the data. The best five model obtained in this study are listed below. An example of the dielectric constant and loss factor of soil calculated using model 1 (DM1 and LM1) could be seen in Figure 13.

    Table 5.  ANOVA and regression analysis of empirical loss factor models.
    Model R square R adjusted Error (RMSE) F value Sig.
    LM1 0.9342 0.9305 28.007 248.6 0.000
    LM2 0.9204 0.9159 30.811 202.4 0.000
    LM3 0.9416 0.9374 26.576 222.6 0.000
    LM4 0.9720 0.9696 26.576 399.5 0.000

     | Show Table
    DownLoad: CSV
    Figure 13.  Models of dielectric properties (DM1 and LM1) versus sand and moisture content.

    Model 1 (LM1) loss factor is function of soil texture (sand content) and soil moisture content (25).

    εsoil=20.920.3839S+3.82θ+0.262θ2+0.0123θ3 (25)

    Model 2 (LM2) loss factor is function of soil density and moisture content (26).

    εsoil=51.1+39.5ρ+3.15θ+0.236θ2+0.0144θ3 (26)

    Model 3 (LM3) loss factor is function of soil texture (sand content), density and soil moisture content (27).

    εsoil=65.80.4482S+67.2ρ+2.68θ+0.218θ2+0.0159θ3 (27)

    Model 4 (LM4) loss factor is function of soil texture (sand and clay contents), density and soil moisture content (28).

    εsoil=1.106S0.658C+67.2ρ+2.268θ+0.2180θ2+0.01591θ3 (28)

    Two ANN models were used to predict dielectric properties of moist sand based on the measured loss factor using the proposed sensor. These models are FNN and CNN. The two models used an input layer with four variables (volume fraction of the four soil phases) and one output layer with two variables (sand dielectric constant and loss factor). The FNN model has one hidden layer with six neurons while the CNN model has one hidden layer with twelve neurons. Both models have used the 'logsig' activation function in the input and hidden layers. Both models also used the 'puelin' activation function in the output layers. The training method in both models was the 'levenberg Marquardt' method. The best ANN model was CNN model. The schematic diagram and detail of CNN model is presented in Figure 14. The performance details of the best CNN model is shown in Figure15.

    Figure 14.  The detail of CNN model used to predict soil dielectric properties.
    Figure 15.  Experimental soil dielectric properties versus predicted values using CNN model.

    The prediction results of the soil dielectric properties of sandy soil using the ANN model indicated that both models are excellent in estimating sand dielectric constant. The correlation coefficients (R) of the training phase for FNN and CNN models were 0.9823 and 0.9999 respectively. Therefore, the best ANN was CNN. The R for the validation and testing phase of CNN were 0.9855 and 0.9929, respectively. However, these high correlation coefficients did not account for variables excluded from the study or nonlinearity. ANN, on the other hand, effectively captured nonlinear effects and considered additional factors that were not included in the original study. To evaluate the reliability of the ANN models, several rounds of random training were performed. This approach ensured that the favorable results were not merely coincidental or dependent on a particular training instance. Importantly, the correlation coefficients (R) remained consistent across the different training trials, indicating stable and reliable model performance.

    Although the results of this study demonstrate that both ANN models, including cascade feedforward neural networks (CNN) and feedforward neural networks (FNN), exhibit high predictability for the soil moisture content and soil dielectric properties, future work should include a sensitivity analysis of these neural methods. Additionally, other AI techniques such as machine learning, XGBoost, the black widow optimization method, and convolutional neural networks could be explored [67]. Moreover, nonlinear regression analysis and response surface methodology could be applied, incorporating more soil data and soil condition such as soil pollution, salt content, salinity, to improve the results and compare these methods with various ANN approaches. Future work could consider some recent advances on the parsimony, interpretability and predictive capability of a physically-based model in the optical domain for estimating soil moisture content [68].

    To characterize dielectric properties in situ as well as in the lab, the multi array electromagnetic sensor (MAES) was developed. The MAES is a low-cost, lightweight, easy to use, portable, and user-friendly instrument for precisely measuring dielectric properties in the field and in the lab. The sensor's multiple electrodes allow it to measure the moisture profile and the dielectric profile of the soil in relation to its depth. Furthermore, the sensor was calibrated and validated for accurate dielectric measurement of soil. This study also evaluates three types of dielectric models used for estimation soil moisture content. These models include theoretical volumetric mixture models and statistical empirical models. The results obtained in this study can be lead to the following concluded points:

    ● Theoretical models such as volumetric mixture models can be used only for coarse grain soil (sandy soil). The measured of dielectric properties of moist sandy soil was under estimate of dielectric properties specially at higher moister content. The best model was Silberstein's linear model. A new theoretical model based on power formula was developed. This model indicates the best fitting theoretical model for dielectric constant of moist sand with power equal to 0.9 and for loss factor the best power was 1.4. All theoretical models cannot be used and not applicable for general soil in practice were soil could possess different texture and different densities.

    ● New statistical regression models were developed for sandy soil. These models include linear, quadratic and cubic formula. The best model was the cubic formula having correlation coefficients 0.993 for dielectric constant and 0.997 for loss factor.

    ● For general soil with different soil texture (clay and sand), different density and different moisture content, four new statistical empirical models were developed to take into account the density, texture, and moisture the best model was the fourth model with high correlation coefficient 0.975 for dielectric and 0.972 for loss factor. These new models can solve the problem from recalibration of soil measurement based on dielectric measurement for soil.

    ● Furthermore, this study investigates to develop and AI using ANN models for dielectric properties of soil. The ANN models indicate the high capability of modeling dielectric properties of mist soil for both sand soil and general soil. The best ANN model for sand dielectric properties was FNN model with correlation coefficients of 0.9999 for training data and 0.997 for testing and validation. The best ANN for general soil dielectric properties was the CNN model with correlation coefficients 0.9999 for training data and 0.996 for testing. However, these high correlation coefficients did not account for variables excluded from the study or nonlinearity. ANN, on the other hand, effectively captured nonlinear effects and considered additional factors that were not included in the original study.

    The authors declare they have not used Artificial Intelligence (AI) tools in the creation of this article.

    The researchers' express gratitude for the support provided by the Research Deanship and the Faculty of Engineering at Yarmouk University.

    The authors declare no conflict of interest.

    All authors contributed equally to the manuscript. All authors wrote the manuscript, conducted the experimental testing, performed empirical models, reviewed the manuscript, and helped in the result analysis. Yaser Jaradat primarily contributed to the editing and review of the revised version of this study. Additionally, he conducted the sensitivity analysis, performing multiple rounds of random training for the ANN.



    [1] Abbasi K, Hussain K, Haddad A, et al. (2021) The role of financial development and technological innovation towards sustainable development in Pakistan: Fresh insights from consumption and territory-based emissions. Technol Forecast Soc Chang 176: 1–13. https://doi.org/10.1016/j.techfore.2021.121444 doi: 10.1016/j.techfore.2021.121444
    [2] Acheampong A, Amponsah M, Boateng E (2020) Does financial development mitigate carbon emissions? Evidence from heterogeneous financial economies. Energ Econ 88: 1–11. https://doi.org/10.1016/j.eneco.2020.104768 doi: 10.1016/j.eneco.2020.104768
    [3] Ahmed W, Ashraf M, Khan S, et al. (2020) Analyzing the impact of environmental collaboration among supply chain stakeholders on a firm's sustainable performance. Opera Manage Res 13: 4–21. https://doi.org/10.1007/s12063-020-00152-1 doi: 10.1007/s12063-020-00152-1
    [4] Akram R, Majeed T, Fareed Z, et al. (2020) Asymmetric effects of energy efficiency and renewable energy on carbon emission of BRICS economies: Evidence from nonlinear panel autoregressive distributed lag model. Environ Sci Pollut R 27: 18254–18268. https://doi.org/10.1007/s11356-020-08353-8 doi: 10.1007/s11356-020-08353-8
    [5] Al-Batayneh A, Khaddam A, Irtaimeh H, et al. (2021) Drivers of performance indicators for success of green SCM strategy and sustainable performance: The mediator role innovation strategy. Int J Serv Sci Manage Eng Technol 12: 14–28. https://doi.org/10.4018/IJSSMET.2021090102 doi: 10.4018/IJSSMET.2021090102
    [6] Albort-Morant G, Leal-Millán A, Cepeda-Carrión G (2016) The antecedents of green innovation performance: A model learning and capabilities. J Bus Res 69: 4912–4917. https://doi.org/10.1016/j.jbusres.2016.04.052 doi: 10.1016/j.jbusres.2016.04.052
    [7] Ali W, Jun W, Hussain H, et al. (2021) Does green intellectual capital matter for green innovation adoption? Evidence from the manufacturing SMEs of Pakistan. J Intellect Cap 22: 868–888. https://doi.org/10.1108/JIC-06-2020-0204 doi: 10.1108/JIC-06-2020-0204
    [8] Andersen J (2021) A relational natural-resource-based view on product innovation: The influence of green product innovation and green suppliers on differentiation advantages in small manufacturing firms. Technovation 104: 1–11. https://doi.org/10.1016/j.technovation.2021.102254 doi: 10.1016/j.technovation.2021.102254
    [9] Andersson LM, Bateman TS (1997) Cynicism in the workplace: Some causes and effects. J Organ Behav 18: 449–469. https://doi.org/10.1002/(SICI)1099-1379(199709)18:5<449::AID-JOB808>3.0.CO;2-O doi: 10.1002/(SICI)1099-1379(199709)18:5<449::AID-JOB808>3.0.CO;2-O
    [10] Anees S, Zaidi H, Hussain M, et al. (2021) Resources, environment and sustainability dynamic linkages between financial inclusion and carbon emission: Evidence from selected OECD countries. Resour Environ Sustain 4: 1–12. https://doi.org/10.1016/j.resenv.2021.100022 doi: 10.1016/j.resenv.2021.100022
    [11] Anwar A, Siddique M, Dogan E, et al. (2021) The moderating role of renewable and non-renewable energy in environment-income nexus for ASEAN countries: Evidence from method of moments quantile regression. Renew Energ 164: 956–967. https://doi.org/10.1016/j.renene.2020.09.128 doi: 10.1016/j.renene.2020.09.128
    [12] Arnold M, Schuette D, Wagner A (2021) Neglected risk in financial innovation: Evidence from structured product counterparty exposure. Eur Financ Manag 27: 287–325. https://doi.org/10.1111/eufm.12281 doi: 10.1111/eufm.12281
    [13] Astuti D, Datrini L (2021) Green competitive advantage: Examining the role of environmental consciousness and green intellectual capital. Manage Sci Lett 11: 1141–1152. https://doi.org/10.5267/j.msl.2020.11.025 doi: 10.5267/j.msl.2020.11.025
    [14] Aulakh PS, Gencturk EF (2000) International principal-agent relationships-control, governance and performance. Ind Market Manag 29: 521–538. https://doi.org/10.1016/S0019-8501(00)00126-7 doi: 10.1016/S0019-8501(00)00126-7
    [15] Barney J (1991) Firm resources and sustained competitive advantage. J Manage 17: 99–120. https://doi.org/10.1177/014920639101700108 doi: 10.1177/014920639101700108
    [16] Biswas S (2020) Al-Bank of the Future: Can Banks Meet the AI Challenge? New York: McKinsey and Co.
    [17] Bond C (2020) 6 predictions for banking in 2021. US News, 23 December. Available from: https://money.usnews.com/banking/articles/predictions-for-banking.
    [18] Cai W, Li G (2018) The drivers of eco-innovation and its impact on performance: Evidence from China. J Clean Prod 176: 110–118. https://doi.org/10.1016/j.jclepro.2017.12.109 doi: 10.1016/j.jclepro.2017.12.109
    [19] Castelli B (2019) Machine Learning: What Every Risk and Compliance Professional Needs to Know. PWC. Available from: https://www.pwc.com/us/en/services/consulting/cybersecurity-privacy-forensics/library/machine-learning-risk-compliance.html.
    [20] Cepeda-Carrion G, Cegarra J, Cillo V (2019) Tips to use partial least squares structural equation modelling (PLS-SEM) in knowledge management. J Knowl Manag 23: 67–89. https://doi.org/10.1108/JKM-05-2018-0322 doi: 10.1108/JKM-05-2018-0322
    [21] Chang X, Chen Y, Wang S, et al. (2019) Credit default swaps and corporate innovation. J Financ Econ 134: 474–500. https://doi.org/10.1016/j.jfineco.2017.12.012 doi: 10.1016/j.jfineco.2017.12.012
    [22] Chen M, Wang H, Wang M (2018a) Knowledge sharing, social capital, and financial performance: The perspective of innovation strategy in technological clusters. Knowl Man Res Pract 16: 89–104. https://doi.org/10.1080/14778238.2017.1415119 doi: 10.1080/14778238.2017.1415119
    [23] Chen Z, Huang S, Liu C, et al. (2018b) Fit between organizational culture and innovation strategy: Implications for innovation performance. Sustainability 10: 1–18. https://doi.org/10.3390/su10103378 doi: 10.3390/su10103378
    [24] Deluca H, Wagner M, Block J (2018) Sustainability and environmental behavior in family firms: A longitudinal analysis of environment related activities, innovation, and performance. Bus Strat Environ 27: 152–172. https://doi.org/10.1002/bse.1998 doi: 10.1002/bse.1998
    [25] Farkavcova V, Rieckhof R, Guenther E (2018) Expanding knowledge environmental impacts of transport processes for more sustainable supply chain decisions: A case study using life cycle assessment. Transport Res D-TR E 61: 68–83. https://doi.org/10.1016/j.trd.2017.04.025 doi: 10.1016/j.trd.2017.04.025
    [26] Fatoki O (2021) Environmental orientation and green competitive advantage of hospitality firms in South Africa: mediating effect of green innovation. J Open Innov Technol Market Complex 7: 1–14. https://doi.org/10.3390/joitmc7040223 doi: 10.3390/joitmc7040223
    [27] Fernando Y, Chiappetta-Jabbour C, Wah W (2019) Pursuing green growth in technology firms through the connections between environmental innovation and sustainable business performance: Does service capability matter? Resour Conserv Recy 141: 8–20. https://doi.org/10.1016/j.resconrec.2018.09.031 doi: 10.1016/j.resconrec.2018.09.031
    [28] Gathergood J, Weber J (2017) Financial literacy, present bias, and alternative mortgage products. J Bank Financ 78: 58–83. https://doi.org/10.1016/j.jbankfin.2017.01.022 doi: 10.1016/j.jbankfin.2017.01.022
    [29] Gennaioli N, Shleifer A, Vishny R (2012) Neglected risks, financial innovation, and financial fragility. J Financ Econ 104: 452–468. https://doi.org/10.1016/j.jfineco.2011.05.005 doi: 10.1016/j.jfineco.2011.05.005
    [30] González L, Gil L, Cunill O, et al. (2016) The effect of financial innovation on European banks risk. J Bank Res 69: 4781–4786. https://doi.org/10.1016/j.jbusres.2016.04.030 doi: 10.1016/j.jbusres.2016.04.030
    [31] Gürlek M, Tuna M (2018) Reinforcing competitive advantage through green organizational culture and green innovation. Serv Ind J 38: 467–491. https://doi.org/10.1080/02642069.2017.1402889 doi: 10.1080/02642069.2017.1402889
    [32] Hair J, Hult T, Ringle C, et al. (2019) Manual de Partial Least Squares PLS-SEM. Madrid: OmniaScience. Available from: http://hdl.handle.net/11420/5279.
    [33] Hair J, Sarstedt M (2021) Data, measurement, and causal inferences in machine learning: Opportunities and challenges for marketing. J Market Theory Prac 29: 65–77. https://doi.org/10.1080/10696679.2020.1860683 doi: 10.1080/10696679.2020.1860683
    [34] Hair J, Howard M, Nitzl C (2020) Assessing measurement model quality in PLS-SEM using confirmatory composite analysis. J Bus Res 109: 101–110. https://doi.org/10.1016/j.jbusres.2019.11.069 doi: 10.1016/j.jbusres.2019.11.069
    [35] Hair J, Hult G, Ringle C, et al. (2017) Mirror, mirror on the wall: A comparative evaluation of composite-based structural equation modeling methods. J Acad Market Sci 45: 616–632. https://doi.org/10.1007/s11747-017-0517-x doi: 10.1007/s11747-017-0517-x
    [36] Hair JF, Celsi M, Money A, et al. (2016) Essentials of Business Research Methods. 3rd Ed. New York, NY: Routledge. https://doi.org/10.4324/9781315704562
    [37] Hart S (1995) A natural-resource-based view of the firm. Acad Manage Rev 20: 986–1014. https://doi.org/10.5465/amr.1995.9512280033 doi: 10.5465/amr.1995.9512280033
    [38] Henseler J (2018) Partial least squares path modeling: Quo vadis? Qual Quant 52: 1–8. https://doi.org/10.1007/s11135-018-0689-6 doi: 10.1007/s11135-018-0689-6
    [39] Hu J, Li J, Li X, et al. (2021) Will green finance contribute to a green recovery? Evidence from green financial pilot zone in China. Frontiers Public Health 9: 1–15. https://doi.org/10.3389/fpubh.2021.794195 doi: 10.3389/fpubh.2021.794195
    [40] Huang J, Li Y (2017) Green innovation and performance: The view of organizational capability and social reciprocity. J Bus Ethics 145: 309–324. https://doi.org/10.1007/s10551-015-2903-y doi: 10.1007/s10551-015-2903-y
    [41] Huang P, Yao C, Chen S (2019a) Development of the organizational resources towards innovation strategy and innovation value: Empirical study. Revista de Cercetare si Interventie Sociala 64: 108–119. https://doi.org/10.33788/rcis.64.9 doi: 10.33788/rcis.64.9
    [42] Huang Z, Liao G, Li Z (2019b) Loaning scale and government subsidy for promoting green innovation. Technol Forecast Soc Chang 144: 148–156. https://doi.org/10.1016/j.techfore.2019.04.023 doi: 10.1016/j.techfore.2019.04.023
    [43] Huber N (2020) AI only scratching the surface of potential in finance services. Financ Times. Available from: https://www.ft.com/content/11aab1cc-907b-11ea-bc44-dbf6756c871a.
    [44] INEGI (2021) Directorio Estadístico Nacional de Unidades Económicas. Available from: https://www.inegi.org.mx/app/mapa/denue/default.aspx.
    [45] Instituto Nacional de Estadística y Geografía[INEGI]. (2023) Banco de Indicadores. Producción Bruta Total. Industrias Manufactureras. Available from: https://www.inegi.org.mx/app/indicadores/?t = 261 & ag = 01#D261.
    [46] Iverson RD, Maguire C (2000) The relationship between job and life satisfaction: Evidence from a remote mining community. Hum Relat 53: 807–839. https://doi.org/10.1177/0018726700536003 doi: 10.1177/0018726700536003
    [47] Jahanger A, Usman M, Murshed M, et al. (2022) The linkage between natural resources, human capital, globalization, economic growth, financial development, and ecological footprint: The moderating role of technological innovation. Resour Policy 76: 1–12. https://doi.org/10.1016/j.resourpol.2022.102569 doi: 10.1016/j.resourpol.2022.102569
    [48] Jiang W, Chai H, Shao J, et al. (2018) Green entrepreneurial orientation for enhancing firm performance: A dynamic capability perspective. J Clean Prod 198: 1311–1323. https://doi.org/10.1016/j.jclepro.2018.07.104 doi: 10.1016/j.jclepro.2018.07.104
    [49] Jin C, Shahzad M, Zafar A, et al. (2022) Socio-economic and environmental drivers of green innovation: Evidence from nonlinear ARDL. Econ Res-Ekonomska Istrazivanja 35: 5336–5356. https://doi.org/10.1080/1331677X.2022.2026241 doi: 10.1080/1331677X.2022.2026241
    [50] Karami M, Madlener R (2021) Business model innovation for the energy market: Joint value creation for electricity retailers and their customers. Energy Res Soc Sci 73: 1–12. https://doi.org/10.1016/j.erss.2020.101878 doi: 10.1016/j.erss.2020.101878
    [51] Kemp R, Pearson P (2008) MEI project about measuring eco-innovation. J Sci Technology Inf 2: 85–95.
    [52] Kim J, Park K (2016) Financial development and deployment of renewable energy technologies. Energ Econ 59: 238–250. https://doi.org/10.1016/j.eneco.2016.08.012 doi: 10.1016/j.eneco.2016.08.012
    [53] Laeven L, Levine R, Michalopoulos S (2015) Financial innovation and endogenous growth. J Financ Intermed 24: 1–24. https://doi.org/10.1016/j.jfi.2014.04.001 doi: 10.1016/j.jfi.2014.04.001
    [54] Le TT (2022) How do corporate social responsibility and green innovation transform corporate green strategy into sustainable firm performance? J Clean Prod 362. https://doi.org/10.1016/j.jclepro.2022.132228 doi: 10.1016/j.jclepro.2022.132228
    [55] Le T, Le H, Taghizadeh-Hesary F (2020) Does financial inclusion impact CO2 emissions? Evidence from Asia. Financ Res Lett 34: 1–13. https://doi.org/10.1016/j.frl.2020.101451 doi: 10.1016/j.frl.2020.101451
    [56] Lepistö K, Saunila M, Ukko J (2023) The effects of soft total quality management on the sustainable developments of SMEs. Sustain Dev 31: 2797–2813. https://doi.org/10.1002/sd.2548 doi: 10.1002/sd.2548
    [57] Li D, Zheng M, Cao C, et al. (2017) The impact of the legitimacy pressure and corporate profitability on green innovation: Evidence from China top 100. J Clean Prod 141: 41–49. https://doi.org/10.1016/j.jclepro.2016.08.123 doi: 10.1016/j.jclepro.2016.08.123
    [58] Li W, Bhutto M, Waris I, et al. (2023) The nexus between environmental corporate social responsibility, green intellectual capital, and green innovation towards business sustainability: An empirical analysis of Chinese automobile manufacturing firms. Int J Env Res Pub He 20: 1–20. https://doi.org/10.3390/ijerph20031851 doi: 10.3390/ijerph20031851
    [59] Lin H, Chen L, Yu M, et al. (2021) Too little or too much of good things? The horizontal S-curve hypothesis of green business strategy on firm performance. Technol Forecast Soc 172. https://doi.org/10.1016/j.techfore.2021.121051 doi: 10.1016/j.techfore.2021.121051
    [60] Liu S, Wang Y (2023) Green innovation effect of pilot zone for green finance reform: Evidence of quasi natural experiment. Technol Forecast Soc 186: 1–10. https://doi.org/10.1016/j.techfore.2022.122079 doi: 10.1016/j.techfore.2022.122079
    [61] Liu Y, Lei J, Zhang Y (2021) A study on the sustainable relationship among the green finance, environmental regulation, and green-total-factor productivity in China. Sustainability 13: 1–27. https://doi.org/10.3390/su132111926 doi: 10.3390/su132111926
    [62] Lopez-Torres GC (2023) The impact of SMEs' sustainability on competitiveness. Meas Bus Excell 27: 107–120. https://doi.org/10.1108/MBE-12-2021-0144 doi: 10.1108/MBE-12-2021-0144
    [63] Maingi M, Wanjiru G, Samuel K, et al. (2013) Financial innovation as a competitive strategy: The Kenyan financial sector. J Modern Accounting Auditing 9: 997–1004. http://repository.rongovarsity.ac.ke/handle/123456789/747
    [64] Maldonado-Guzmán G, Pinzón SY, Alvarado A (2020) Responsabilidad Social Empresarial, Ecoinnovación y Rendimiento Sustentable en la Industria Automotriz de México. Revista Venezolana de Gerencia, 25: 188–205. Available from: https://www.redalyc.org/articulo.oa?id=29062641014%0APDF.
    [65] Mbogoh G (2013) The effect of financial innovation on financial performance of insurance companies in Kenya. Doctoral dissertation, University of Nairobi.
    [66] McKinsey (2020) How Covid-19 has Pushed Companies over the Technology Tipping Point: An Transformed Business Forever. McKinsey and Co. Available from: https://www.mckinsey.com/business-functions/strategy-an-corporate-finance/our-insights/how-covid-19-has-pushed-companies-over-the-technology-tipping-point-and-transformed-business-forever.
    [67] Mohd S, Mohd S, Sharif A, et al. (2022) Importance of green innovation for business sustainability: Identifying the key role of green intellectual capital and green SCM. Bus Strateg Environ 32: 1542–1558. https://doi.org/10.1002/bse.3204 doi: 10.1002/bse.3204
    [68] Mossholder KW, Bennett N, Kemery ER, et al. (1998) Relationships between bases of power and work reactions: The mediational role of procedural justice. J Manage 24: 533–552. https://doi.org/10.1016/S0149-2063(99)80072-5 doi: 10.1016/S0149-2063(99)80072-5
    [69] Naeem M, Conlon T, Cotter J (2022) Green bonds and other assets. Evidence from extreme risk transmission. J Environ Manage 305: 1–12. https://doi.org/10.1016/j.jenvman.2021.114358 doi: 10.1016/j.jenvman.2021.114358
    [70] Najmi A, Kanapathy K, Aziz A (2019) Prioritizing factor influencing consumers' reversing intention of e-waste using analytic hierarchy process. Int J Electron Customer Relationship Manage 12: 58–74. https://doi.org/10.1504/IJECRM.2019.098981 doi: 10.1504/IJECRM.2019.098981
    [71] Nejad G (2022) Research on financial innovations: An interdisciplinary review. Int J Bank Mark 40: 578–612. https://doi.org/10.1108/IJBM-07-2021-0305 doi: 10.1108/IJBM-07-2021-0305
    [72] Nejad G (2016) Research on financial services innovations: A quantitative review and future research directions. Int J Bank Mark 34: 1042–1067. https://doi.org/10.1108/IJBM-08-2015-0129 doi: 10.1108/IJBM-08-2015-0129
    [73] Noailly J, Smeets R (2016) Financing energy innovation: The role of financing constraints for direct technical change from fossil-fuel to renewable innovation. EIB Working Papers No. 216/06. Luxembourg: European Investment Bank (EIB) Available from: http://hdl.handle.net/10419/148571.
    [74] Ortiz-Palafox KH (2019) Sustentabilidad como estrategia competitiva en la gerencia de pequeñas y medianas empresas en México. Revista Venezolana de Gerencia 24: https://www.redalyc.org/jatsRepo/290/29062051001/
    [75] Pham L (2019) Does financial development matter for innovation in renewable energy? Appl Econ Lett 26: 1756–1761. https://doi.org/10.1080/13504851.2019.1593934 doi: 10.1080/13504851.2019.1593934
    [76] Podsakoff PM, MacKenzie SB, Podsakoff NP (2012) Sources of method bias in social science research and recommendations on how to control it. Annu Rev Psychol 63: 539–569. https://doi.org/10.1146/annurev-psych-120710-100452 doi: 10.1146/annurev-psych-120710-100452
    [77] Podsakoff PM, MacKenzie SB, Jeong-Yeong L, et al. (2003) Common method biases in behavioral research: A critical review of the literature and recommended remedies. J Appl Psychol 88: 879–903. https://doi.org/10.1037/0021-9010.88.5.879 doi: 10.1037/0021-9010.88.5.879
    [78] Qiu L, Jie X, Wang Y, et al. (2020) Green product innovation, green dynamic capability, and competitive advantage: Evidence from Chinese manufacturing enterprises. Corp Soc Resp Env Ma 27: 146–165. https://doi.org/10.1002/csr.1780 doi: 10.1002/csr.1780
    [79] Qu C, Shao J, Shi Z (2020) Does financial agglomeration promote the increase of energy efficiency in China? Energ Policy 146: 1–12. https://doi.org/10.1016/j.enpol.2020.111810 doi: 10.1016/j.enpol.2020.111810
    [80] Rehman S, Kraus S, Shah S, et al. (2021) Analyzing the relationship between green innovation and environmental performance in large manufacturing firms. Technol Forecast Soc 163: 1–13. https://doi.org/10.1016/j.techfore.2020.120481 doi: 10.1016/j.techfore.2020.120481
    [81] Ringle C, Sarstedt M, Mitchell R, et al. (2020) Partial least squares structural equation modeling in HRM research. Int J Human Resour Manage 31: 1617–1643. https://doi.org/10.1080/09585192.2017.1416655 doi: 10.1080/09585192.2017.1416655
    [82] Ringle C, Wende S, Becker J (2022) SmartPLS 4 (computer software). Available from: http://www.smartpls.com.
    [83] Rodríguez-Espíndola O, Cuevas-Romo A, Chowdhury S, et al. (2022) The role of circular economy principles and sustainable-oriented innovation to enhance social, economic and environmental performance: Evidence from Mexican SMEs. Int J Prod Econ 248. https://doi.org/10.1016/j.ijpe.2022.108495 doi: 10.1016/j.ijpe.2022.108495
    [84] Rodríguez-González RM, Maldonado-Guzman G, Madrid-Guijarro A (2022) The effect of green strategies and eco-innovation on Mexican automotive industry sustainable and financial performance: Sustainable supply chains as a mediating variable. Corp Soc Resp Env Ma 29: 779–794. https://doi.org/10.1002/csr.2233 doi: 10.1002/csr.2233
    [85] Ronaldo R, Suryanto T (2022) Green finance and sustainability development goals in Indonesian Fund Village. Resour Policy 78: 1–12. https://doi.org/10.1016/j.resourpol.2022.102839 doi: 10.1016/j.resourpol.2022.102839
    [86] Sachs J, Woo W, Yoshino N, et al. (2019) Importance of green finance for achieving sustainable development goals and energy security, In: Sachs J. (Ed.), Handbook of Green Finance: Energy Security and Sustainable Development, Japan: CiNii, 3–12. https://doi.org/10.1007/978-981-13-0227-5_13
    [87] Sardon M (2020) Millennials prefer apps to humans for financial advice. Wall Street J, 16 March. Available from: https://www.wsj.com/articles/millennials-prefer-apps-to-humans-for-financial-advice-11584377127.
    [88] Sarstedt M, Hair JF, Ringle CM, et al. (2016) Estimation issues with PLS and CBSEM: Where the bies lies. J Bus Res 69: 3998–4010. https://doi.org/10.1016/j.jbusres.2016.06.007 doi: 10.1016/j.jbusres.2016.06.007
    [89] Sarstedt M, Hair J, Cheah J, et al. (2019) How to specify, estimate, and validate higher-order constructs in PLS-SEM. Australas Mark J (AMJ) 27: 197–211. https://doi.org/10.1016/j.ausmj.2019.05.003. doi: 10.1016/j.ausmj.2019.05.003
    [90] Saunila M, Ukko J, Rantala T (2018) Sustainability as a driver of green innovation investment and exploitation. J Clean Prod 179: 631–641. https://doi.org/10.1016/j.jclepro.2017.11.211 doi: 10.1016/j.jclepro.2017.11.211
    [91] Scott S, Van Reenen J, Zachariadis M (2017) The long-term effect of digital innovation on bank performance: An empirical study of swift adoption in financial services. Res Policy 46: 984–1004. https://doi.org/10.1016/j.respol.2017.03.010 doi: 10.1016/j.respol.2017.03.010
    [92] Scur G, de Mello A, Schreiner L, et al. (2019) Eco-design requirements in heavyweight vehicle development – a case study of the impact of the Euro 5 emissions standard on the Brazilian industry. Innov Manage Rev 16: 404–442. https://doi.org/10.1108/INMR-08-2018-0063 doi: 10.1108/INMR-08-2018-0063
    [93] Shahzad M, Qu Y, Rehman S, et al. (2022) Impact of stakeholder's pressure on green management practices of manufacturing organizations under the mediation of organizational motives. J Environ Plann Manage 66: 2171–2194. https://doi.org/10.1080/09640568.2022.2062567 doi: 10.1080/09640568.2022.2062567
    [94] Shahzad M, Qu Y, Zafar A, et al. (2021) Does the interaction between the knowledge management process and sustainable development practices boost corporate green innovation? Bus Strateg Environ 30: 1–17. https://doi.org/10.1002/bse.2865 doi: 10.1002/bse.2865
    [95] Sonmez C, Adiguzel Z (2022) An examination of the effects of financial and process innovation on the sustainability of businesses under the influence of entrepreneurial leadership: A research in energy companies. Am J Bus 37: 196–213. https://doi.org/10.1108/AJB-03-2022-0046 doi: 10.1108/AJB-03-2022-0046
    [96] Sonmez C, Adiguzel Z (2023) Effects of innovation finance, strategy, organization, and performance: A case study of company. Int J Innov Sci 15: 42–58. https://doi.org/10.1108/IJIS-08-2021-0146 doi: 10.1108/IJIS-08-2021-0146
    [97] Statista (2023) La Industria Manufacturera En México. Datos Estadísticos. Statista Research Department. Available from: https://es.statista.com/temas/7853/la-industria-manufacturera-en-mexico/#topicOvervi.
    [98] Streeter B (2020) Four ways banks must change before millennials and Gen Z will love you. The Financial Brand. Available from: https://thefinancialbrand.com/103616/banks-millennials-gen-z-personalization-loyalty-fintech-gamification/.
    [99] Stucki T (2019) Which firms benefit from investments in green energy technologies? The effect of energy costs. Res Policy 48: 546–555. https://doi.org/10.1016/j.respol.2018.09.010 doi: 10.1016/j.respol.2018.09.010
    [100] Sun Y, Guan W, Razzaq A, et al. (2022b) Transition towards ecological sustainability through fiscal decentralization, renewable energy, and green investment in OECD countries. Renew Energ 190: 385–395. https://doi.org/10.1016/j.renene.2022.03.099 doi: 10.1016/j.renene.2022.03.099
    [101] Sun Y, Razzaq A, Sun H, et al. (2022a) The asymmetric influence of renewable energy and green innovation on carbon neutrality in China: Analysis from non-linear ARDL model. Renew Energ 193: 334–343. https://doi.org/10.1016/j.renene.2022.04.159 doi: 10.1016/j.renene.2022.04.159
    [102] Tariq M, Khan I, Rizwan M, et al. (2019) Nexus between financial development, tourism, renewable energy, and greenhouse gas emission in high-income countries: A continent-wise analysis. Energ Econ 83: 293–310. https://doi.org/10.1016/j.eneco.2019.07.018 doi: 10.1016/j.eneco.2019.07.018
    [103] Tufano P (2003) Financial innovation. Handbook Econ Financ 1: 307–335. https://doi.org/10.1016/S1574-0102(03)01010-0 doi: 10.1016/S1574-0102(03)01010-0
    [104] Ullah H, Wang Z, Abbas M, et al. (2021b) Association of financial distress and predicted bankruptcy: The case of Pakistani Banking Sector. J Asian Financ Econ Bus 8: 573–585. https://doi.org/10.13106/jafeb.2021.vol8.no1.573 doi: 10.13106/jafeb.2021.vol8.no1.573
    [105] Ullah H, Wang Z, Bashir S, et al. (2021a) Nexus between IT capability and green intellectual capital on sustainable businesses: Evidence from emerging economies. Environ Sci Pollut Res 28: 27825–27843. https://doi.org/10.1007/s11356-020-12245-2 doi: 10.1007/s11356-020-12245-2
    [106] Ullah H, Wang Z, Mohsin M, et al. (2022) Multidimensional perspective of green financial innovation between green intellectual capital on sustainable business: The case of Pakistan. Environ Sci Pollut Res 29: 5552–5568. https://doi.org/10.1007/s11356-021-15919-7 doi: 10.1007/s11356-021-15919-7
    [107] Wang K, Umar M, Akram R, et al. (2021) Is technological innovation making world greener? Evidence from changing growth story of China. Technol Forecast Soc 165: 1–13. https://doi.org/10.1016/j.techfore.2020.120516 doi: 10.1016/j.techfore.2020.120516
    [108] Wang R, Mirza N, Vasbieva D, et al. (2020a) The nexus of carbon emissions, financial development, renewable energy consumption, and technological innovation: What should be the priorities considering COP21 agreements? J Environ Manage 271: 1–13. https://doi.org/10.1016/j.jenvman.2020.111027 doi: 10.1016/j.jenvman.2020.111027
    [109] Wang X, Zhao Y, Hou L (2020b) How does green innovation affect supplier-customer relationships? A study on customer and relationship contingencies. Ind Mark Manage 90: 170–180. https://doi.org/10.1016/j.indmarman.2020.07.008 doi: 10.1016/j.indmarman.2020.07.008
    [110] Wang Y, Yang Y (2021) Analyzing the green innovation practices based on sustainability performance indicators: a Chinese manufacturing industry case. Environ Sci Pollut Res 28: 1181–1203. https://doi.org/10.1007/s11356-020-10531-7 doi: 10.1007/s11356-020-10531-7
    [111] Xie X, Huo J, Zou H (2019) Green process innovation, green product innovation, and corporate financial performance: A content analysis method. J Bus Res 101: 697–707. https://doi.org/10.1016/j.jbusres.2019.01.010 doi: 10.1016/j.jbusres.2019.01.010
    [112] Yousaf Z (2021) Go for green: Green innovation through green dynamic capabilities: Accessing the mediate role of green practices and green value. Environ Sci Pollut Res 28: 54863–54875. https://doi.org/10.1007/s11356-021-14343-1 doi: 10.1007/s11356-021-14343-1
    [113] Yu C, Wu X, Zhang D, et al. (2021) Demand for green finance: Resolving financing constraints on green innovation in China. Energ Policy 153: 1–11. https://doi.org/10.1016/j.enpol.2021.112255 doi: 10.1016/j.enpol.2021.112255
    [114] Yuan G, Ye Q, Sun Y (2021) Financial innovation, information screening and industries green innovation: Industry-level evidence from the OECD. Technol Forecast Soc 171: 1–12. https://doi.org/10.1016/j.techfore.2021.120998 doi: 10.1016/j.techfore.2021.120998
    [115] Yue S, Lu R, Shen Y, et al. (2019) How does financial development affect energy consumption? Evidence from 21 transitional countries. Energ Policy 130: 253–262. https://doi.org/10.1016/j.enpol.2019.03.029 doi: 10.1016/j.enpol.2019.03.029
    [116] Yusliza M, Yong J, Tanveer M, et al. (2020) A structural model of the impact of green intellectual capital on sustainable performance. J Clean Prod 249: 1–14. https://doi.org/10.1016/j.jclepro.2019.119334 doi: 10.1016/j.jclepro.2019.119334
    [117] Zhang D, Rong Z, Ji Q (2019) Green innovation and firm performance: Evidence from listed companies in China. Resour Conserv Recy 144: 48–55. https://doi.org/10.1016/j.resconrec.2019.01.023 doi: 10.1016/j.resconrec.2019.01.023
    [118] Zhang X, Yang H, Kumar N, et al. (2023) Assessing Chinese textile and apparel industry business sustainability: The role of organizational green culture, green dynamic capabilities, and green innovation in relation to environmental orientation and business sustainability. Sustainability 15: 1–21. https://doi.org/10.3390/su15118588 doi: 10.3390/su15118588
    [119] Zhao J, Shahzad M, Dong X, et al. (2021) How does financial risk affect global CO2 emissions? The role of technological innovation. Technol Forecast Soc 168: 14–22. https://doi.org/10.1016/j.techfore.2021.120751 doi: 10.1016/j.techfore.2021.120751
    [120] Zhou M, Li X (2022) Influence of green finance and renewable energy resources over the sustainable development goals of clean energy. Resourc Policy 78: 13–22. https://doi.org/10.1016/j.resourpol.2022.102816 doi: 10.1016/j.resourpol.2022.102816
  • Reader Comments
  • © 2024 the Author(s), licensee AIMS Press. This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0)
通讯作者: 陈斌, bchen63@163.com
  • 1. 

    沈阳化工大学材料科学与工程学院 沈阳 110142

  1. 本站搜索
  2. 百度学术搜索
  3. 万方数据库搜索
  4. CNKI搜索

Metrics

Article views(1965) PDF downloads(191) Cited by(3)

Figures and Tables

Figures(1)  /  Tables(3)

Other Articles By Authors

/

DownLoad:  Full-Size Img  PowerPoint
Return
Return

Catalog