CEO background experience and firms' environmental innovation: The moderating effect of tenure

IF 8.3 2区管理学 Q1 BUSINESS

Corporate Social Responsibility and Environmental Management Pub Date : 2024-06-27 DOI:10.1002/csr.2893

Zhongju Liao, Yuhan Wu

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引用次数: 0

Abstract

Environmental innovation is a key approach for firms wishing to improve their competitiveness, and CEOs have a crucial impact on the environmental innovation of the firms they lead. Based on upper-echelon theory, this study explores the impact of CEOs' overseas experience, political background, and environmental background on their firms' environmental innovation, as well as the moderating effect of CEO tenure. We selected Chinese A-share listed manufacturing companies operating between 2014 and 2021 as the research sample and tested our hypotheses using STATA 15.1 software. The results indicate that the political background, overseas experience, and environmental background of a CEO all have a positive impact on firms' environmental innovation. The CEO tenure plays a positive moderating role in the impact of the three types of CEO background experiences on firms' environmental innovation. Further analysis reveals that the promotion effect on firms' environmental innovation of CEO overseas experience and political background is more significant in state-owned firms, while the promotion effect of environmental background is more significant in nonstate-owned firms. When compared with small firms, the three background experiences have a more significant impact on environmental innovation in large firms. CEO background experience has a positive impact on both the substantive and strategic environmental innovation of firms. We provide references for the implementation of environmental innovation and the selection of relevant executives.

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首席执行官的背景经验与企业的环境创新：任期的调节作用

环境创新是企业提高竞争力的重要途径，而首席执行官对其领导的企业的环境创新有着至关重要的影响。本研究以高层理论为基础，探讨了CEO的海外经历、政治背景和环境背景对企业环境创新的影响，以及CEO任期的调节作用。我们选取了 2014 年至 2021 年间运营的中国 A 股制造业上市公司作为研究样本，并使用 STATA 15.1 软件对假设进行了检验。结果表明，CEO 的政治背景、海外经历和环境背景均对企业的环境创新有积极影响。首席执行官任期在三种首席执行官背景经历对企业环境创新的影响中起到了积极的调节作用。进一步分析发现，CEO 海外经历和政治背景对企业环境创新的促进作用在国有企业中更为显著，而环境背景对非国有企业的促进作用更为显著。与小型企业相比，三种背景经历对大型企业环境创新的影响更为显著。首席执行官的背景经历对企业的实质性和战略性环境创新都有积极影响。我们为环境创新的实施和相关高管的选择提供了参考。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Corporate Social Responsibility and Environmental Management Multiple-

CiteScore

17.20

自引率

16.30%

发文量

189

期刊介绍： Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.