Does Innovation Climate Help to Effectiveness of Green Finance Product R&D Team? The Mediating Role of Knowledge Sharing and Moderating Effect of Knowledge Heterogeneity

Green finance innovation has received emerging attention from the finance industry in recent years; however, few studies have explored the internal mechanisms that link innovation climate to a green finance R&D team's effectiveness. Using data from 65 teams that belong to green finance industries, collected via the questionnaire survey, we explore how innovation climate positively affects knowledge sharing, and both innovation climate and knowledge sharing can improve the effectiveness of the green finance R&D team. We also find that knowledge sharing mediates the relationship between innovation climate and a green finance R&D team's effectiveness and that knowledge heterogeneity moderates the relationship between knowledge sharing and team effectiveness. Based on these findings, this study contributes to providing useful recommendations for professional managers and policymakers to effectively promote the development of the green finance industry.