CEO Media Exposure and Green Technological Innovation Decision: Evidence from Chinese Polluting Firms

Chen Wang · Yuanlin Hu · Jianhua Zhang · Chenglin Miao

13 citations0/0 files storedMathematical Problems in Engineering

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Environmental Sustainability in Business Firm Innovation and Growth Sustainability and Innovation in Business

Abstract

The upper echelons theory is utilized to establish how CEO’s attributes affect firm’s technological innovation decisions. The extant literature has largely ignored the impacts of CEO media exposure. An unbalanced panel data analysis is used to examine the effects of CEO media exposure on Chinese polluting firm’s green technological innovation. It is illustrated that CEO media exposure generally enhances Chinese polluting firms’ green technological innovation decisions. In addition, we find that firms with state ownership and environmental regulations all moderate positively the relationship between CEO media exposure and green technological innovation. The research suggests that CEO media exposure appears to be a stimulus to firm’s green technological innovation decisions.

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References

1995Managing Legitimacy: Strategic and Institutional Approaches 1995Toward a New Conception of the Environment-Competitiveness Relationship 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 2003Enjoying the Quiet Life? Corporate Governance and Managerial Preferences 1994Politicians and Firms 2012Necessity as the mother of ‘green’ inventions: Institutional pressures and environmental innovations 2004TALKING TRASH: LEGITIMACY, IMPRESSION MANAGEMENT, AND UNSYSTEMATIC RISK IN THE CONTEXT OF THE NATURAL ENVIRONMENT.2008The Corporate Governance Role of the Media: Evidence from Russia

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