CEO Foreign Experience and Green Innovation: Evidence from China

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...

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Bibliographic Details
Published in:Journal of business ethics Vol. 182; no. 2; pp. 535 - 557
Main Authors: Quan, Xiaofeng, Ke, Yun, Qian, Yuting, Zhang, Yao
Format: Journal Article
Language:English
Published: Dordrecht Springer Netherlands 01.01.2023
Springer Nature B.V
Subjects:
Business and Management
Business Ethics
Chief executives
Chinese languages
Climate change
Developing countries
Directors
Economic growth
Education
Emerging markets
Environmental ethics
Environmental impact
Environmental policy
Environmental protection
Ethics
Executives
Executives (Business)
Experience
Globalization
Industrialized nations
Innovations
LDCs
Management
Original Paper
Philosophy
Public enterprise
Quality of Life Research
Social responsibility
CEO foreign experience
Green innovation
Environmental ethics
ISSN:0167-4544, 1573-0697
Online Access:Get full text
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Summary: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.
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ISSN:0167-4544
1573-0697
DOI:10.1007/s10551-021-04977-z