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Do politically connected CEOs promote Chinese listed industrial firms’ green innovation? The mediating role of external governance environments
Abstract
Abstract This study focuses on the impact of politically connected CEOs on the firms’ green innovation. Using the data from Chinese listed industrial firms from 2008 to 2015, we find that politically connected CEOs and CEOs with stronger political connections promote more green innovation. In addition, we compared the impact of CEOs with connections involving central or local government on green innovation. The results suggest that only CEOs have political connections with central government significantly affect green innovation. Furthermore, we investigated the moderating effects of the three external governance factors, environmental enforcement intensity (EEI), media coverage (Media_JF) and analyst coverage (Analyst), and our results show that EEI negatively moderates this relationship, the moderating effect of Media is negligible, and Analyst significantly and positively regulates the relationship between CEO political connections and green innovation.
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Cites
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Social Capital: Prospects for a New Concept
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Redefining innovation — eco-innovation research and the contribution from ecological economics
Rennings, K. (2000) · Ecological Economics · doi:10.1016/s0921-8009(99)00112-3 · Cited by 3,226
Power in Top Management Teams: Dimensions, Measurement, and Validation
Finkelstein, S. (1992) · Academy of Management Journal · doi:10.5465/256485 · Cited by 2,389
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Cited by
Wang, K., & Jiang, W. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2021.128029 · Cited by 166
Metadata
- Authors
- Huang, M., Li, M., & Liao, Z.
- Venue
- Journal of Cleaner Production
- Publisher
- Elsevier BV
- Published
- 2021-01
- Volume
- 278
- Pages
- 123634
- ISSN
- 0959-6526 (ISSN-L)
- OpenAlex
- W3048106704
- Cited by
- 236
- References
- 7
- FWCI
- 26.40
- Type
- journal article
- Language
- en
- Open access
- closed
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- Huang, M., Li, M., & Liao, Z. (2021). Do politically connected CEOs promote Chinese listed industrial firms’ green innovation? The mediating role of external governance environments. Journal of Cleaner Production. https://doi.org/10.1016/j.jclepro.2020.123634
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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