董事会国际化与绿色创新。
Board internationalization and green innovation.
作者信息
Usman Muhammad, Javed Muzhar, Yin Junming
机构信息
School of Accounting, Nanjing Audit University, Nanjing, China.
Department of Management Science, COMSATS University Islamabad, Sahiwal Campus, Pakistan.
出版信息
Econ Lett. 2020 Dec;197:109625. doi: 10.1016/j.econlet.2020.109625. Epub 2020 Oct 14.
Amid the rapid transition towards a low-carbon world, this study resolves how a nationally-diverse board affects a firm's inclination towards green innovation. Using eleven years (2005-2015) data of all A-share manufacturing companies listed on the Shanghai and Shenzhen stock exchange, we find reliable evidence that board internationalization strengthens the tendency of firms towards green business practices. Further, we document that state-owned firms have a stronger aptitude to capitalize on the presence of foreign directors on the board when compared with non-state-owned firms.
在向低碳世界快速转型的背景下，本研究探讨了具有国家多样性的董事会如何影响企业进行绿色创新的倾向。利用在上海和深圳证券交易所上市的所有A股制造业公司的十一年（2005 - 2015年）数据，我们发现了可靠证据，即董事会国际化增强了企业采取绿色商业行为的趋势。此外，我们证明，与非国有企业相比，国有企业在利用董事会中外国董事的存在方面具有更强的能力。
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