CEO’s R&D experience and green innovation: Evidence from China

IF 3.3 2区经济学 Q2 BUSINESS, FINANCE

Journal of International Money and Finance Pub Date : 2025-05-29 DOI:10.1016/j.jimonfin.2025.103374

Umair Bin Yousaf , Imran Yousaf , Haroon Hussain , Muhammad Jameel Hussain

引用次数: 0

Abstract

This study examines the impact of CEO’s research and development (R&D) experience on corporate green innovation. Using a sample of Chinese listed firms from 2008 to 2021 and hand-collected data on R&D experience, we find a significant and positive association between CEO’s R&D experience and corporate green innovation. Further analysis reveals that this relation is accentuated in the presence of high media coverage, high-quality auditors, and low market competition. At the same time, it is attenuated when CEOs have higher ownership, their stay in the organization is extended, and the organization faces financial constraints. Additionally, absorptive capacity and managerial ability serve as possible mechanisms underlying this relationship. Our findings offer important implications for policymakers, management, and practitioners seeking to enhance environmental sustainability and green practices.

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CEO研发经验与绿色创新：来自中国的证据

本研究探讨CEO研发经验对企业绿色创新的影响。本文以2008 - 2021年的中国上市公司为样本，采用手工采集的研发经验数据，发现CEO研发经验与企业绿色创新之间存在显著的正相关关系。进一步的分析表明，在高媒体覆盖率、高质量审计师和低市场竞争的情况下，这种关系更加突出。同时，当ceo拥有更高的所有权，他们在组织中的停留时间延长，组织面临财务约束时，这种影响减弱。此外，吸收能力和管理能力可能是这种关系的基础机制。我们的研究结果为决策者、管理者和实践者寻求提高环境可持续性和绿色实践提供了重要的启示。

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

Journal of International Money and Finance BUSINESS, FINANCE-

CiteScore

4.20

自引率

4.00%

发文量

141

期刊介绍： Since its launch in 1982, Journal of International Money and Finance has built up a solid reputation as a high quality scholarly journal devoted to theoretical and empirical research in the fields of international monetary economics, international finance, and the rapidly developing overlap area between the two. Researchers in these areas, and financial market professionals too, pay attention to the articles that the journal publishes. Authors published in the journal are in the forefront of scholarly research on exchange rate behaviour, foreign exchange options, international capital markets, international monetary and fiscal policy, international transmission and related questions.