Corporate environmental information disclosure and green innovation: The moderating effect of CEO visibility

被引：15
|
作者：
Liu, Jing-Yue [1 ,2 ]
Zhang, Yue-Jun [1 ,2 ,4 ]
Cho, Charles H. H. [3 ,5 ]
机构：
[1] Hunan Univ, Business Sch, Changsha, Peoples R China
[2] Hunan Univ, Ctr Resource & Environm Management, Changsha, Peoples R China
[3] York Univ, Schulich Sch Business, Toronto, ON, Canada
[4] Hunan Univ, Business Sch, Changsha 410082, Peoples R China
[5] York Univ, Schulich Sch Business, Toronto, ON, Canada
来源：
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT | 2023年 / 30卷 / 06期
基金：
中国国家自然科学基金;
关键词：
environmental information disclosure; green innovation; CEO; visibility; media coverage; SOCIAL-RESPONSIBILITY; FINANCIAL PERFORMANCE; INVESTMENT EVIDENCE; UPPER ECHELONS; GOVERNANCE; FIRM; CONSTRAINTS; REPUTATION; MODEL; COST;
D O I：
10.1002/csr.2535
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study investigates the effect of corporate environmental information disclosure (EID) on green innovation in China's heavily polluting industries during 2009-2020 and the moderating effect of Chief Executive Officer (CEO) visibility. The results show that: (1) corporate EID increases green innovation, and CEO visibility strengthens the positive impact of corporate EID on green innovation. (2) The green innovation fostered by EID comes from the leverage effect, not from the crowding-out effect at the expense of other existing innovations; EID stimulates green innovation by alleviating financing constraints and increasing R&D expenditures. (3) Corporate EID has a greater impact on substantive green innovation than on strategic green innovation, and hard EID makes a more significant contribution to green innovation than soft EID does. (4) State-owned, large, and established enterprises benefit more from the promotion effect of EID on green innovation as well as the positive moderating effect of CEO visibility.
引用
收藏
页码：3020 / 3042
页数：23
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