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- Title
CEO Foreign Experience and Green Innovation: Evidence from China.
- Authors
Quan, Xiaofeng; Ke, Yun; Qian, Yuting; Zhang, Yao
- Abstract
We examine whether and how CEO foreign experience affects firm's green innovation. Using a sample of Chinese public companies and hand-collected CEO foreign experience data, we document a positive association between CEO foreign experience and corporate green innovation. Furthermore, consistent with the view that CEOs with foreign experience would play a more significant role when provided with more resources, we find that the positive relationship is more pronounced in less financially constrained firms, in state-owned enterprises, and in less competitive industries. Additional analyses indicate that enhanced environmental ethics and general competency are two potential mechanisms through which CEO foreign experience affects corporate green innovation. Finally, we find that CEO foreign experience is positively related to green innovation quality and internationalization. Collectively, these findings suggest that CEO foreign experience is a significant factor for corporate green innovation in emerging markets.
- Subjects
CHIEF executive officers; WORK experience (Employment); ECONOMIC competition; INNOVATIONS in business; GREEN business; BUSINESS ethics; ECONOMIC conditions in China
- Publication
Journal of Business Ethics, 2023, Vol 182, Issue 2, p535
- ISSN
0167-4544
- Publication type
Article
- DOI
10.1007/s10551-021-04977-z