CEO career focus on enterprise green innovation-- Research on the moderating effect of financing constraints
投稿时间:2023-02-06  修订日期:2023-08-22
中文关键词:  职业生涯关注  绿色创新  融资约束  声誉激励
English Keywords:Career focus  Green innovation  Financing constraints  Reputation incentives
Fund Project:
张俭南华大学 421001
谭淳丰* 云南大学 650500
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English Summary:
      Corporate green innovation is an important part of sustainable development. The role of executives as decision-makers in green innovation cannot be underestimated. Based on the upper-echelon theory, this paper selects China's Shanghai and Shenzhen A-share listed companies from 2015 to 2019 as the research object, and studies the relationship between CEO career concern and the level of green innovation of enterprises. The empirical results show that the higher the career focus of the CEO, the lower the level of green innovation of the enterprise. Financing constraints reinforce the inhibitory effect of CEO career attention on green innovation. Further research found that in enterprises with better internal control, CEO career focus has a more significant inhibitory effect on green innovation. The research conclusion provides a new perspective for the driving factors of green innovation, and provides experience for enterprises to achieve green transformation in terms of executive appointment and internal control design.
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