Research Article
The Impact of Executives' Overseas Background on Corporate Green Innovation:Empirical Evidence from A-share Listed Companies
@INPROCEEDINGS{10.4108/eai.17-11-2023.2342761, author={Xingyi Zhang}, title={The Impact of Executives' Overseas Background on Corporate Green Innovation:Empirical Evidence from A-share Listed Companies}, proceedings={Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17--19, 2023, Beijing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2024}, month={2}, keywords={overseas background ; executives; green innovation;}, doi={10.4108/eai.17-11-2023.2342761} }- Xingyi Zhang
Year: 2024
The Impact of Executives' Overseas Background on Corporate Green Innovation:Empirical Evidence from A-share Listed Companies
ICEMME
EAI
DOI: 10.4108/eai.17-11-2023.2342761
Abstract
Green innovation serves as a crucial driver to expedite the establishment of a new development paradigm. The incentivization of green innovation within enterprises constitutes a pivotal topic within contemporary academic discourse. Based on the A-share listed companies in Shanghai and Shenzhen from 2008 to 2019, this paper empirically examines the impact of executives with overseas background on corporate innovation activities. It is found that the higher the proportion of overseas executives, the stronger the green innovation of enterprises, i.e., executives with overseas background can significantly promote green innovation of enterprises, and this conclusion still holds after a series of robustness tests. Heterogeneity analysis reveals that the incentive effect of executives' overseas experience on firms' green innovation is more pronounced in state-owned and finance-constrained firms. The conclusion of this paper reveals the micro-mechanism of green innovation promoted by executives with overseas background, expands the research related to executive characteristics and green innovation, and provides relevant policy suggestions for promoting China's "innovation-driven" strategy and the realization of the "dual-carbon" goal.