School of Economics and Business Administration, Chongqing University, Chongqing 400030, China.
Int J Environ Res Public Health. 2022 Feb 13;19(4):2104. doi: 10.3390/ijerph19042104.
Although it is well established that the military experience of top executives has a profound influence on firms' decisions, empirical evidence on how military experience matters to corporate environmental investment has been scarce. Drawn on imprinting theory and upper echelon theory, this study examines the impact of entrepreneurs' military experience on corporate environmental investment. Using a nationwide survey of Chinese private firms, we find that entrepreneurs' military experience significantly promotes corporate environmental investment. Further, the positive effect is more pronounced for firms with entrepreneurs who have experienced a wartime atmosphere and those located in regions with more minor public environmental concerns. Our study extends the literature on the determinants of corporate environmental investment and the economic consequences of individual military experience. Moreover, this also provides practical insights for policymakers on how to implement environmental governance and promote ecological construction.
虽然已经充分证实，高管的军旅经历对企业的决策有着深远的影响，但关于军旅经历如何影响企业环境投资的实证证据却一直很匮乏。本文运用印痕理论和高层梯队理论，考察了企业家的军旅经历对企业环境投资的影响。我们利用对中国私营企业的全国性调查数据进行研究，发现企业家的军旅经历显著促进了企业的环境投资。此外，对于那些企业家经历过战争氛围的企业和那些位于公众环境问题较小的地区的企业，这种积极影响更为明显。本研究拓展了关于企业环境投资决定因素和个体军旅经历经济后果的文献，同时也为政策制定者提供了关于如何实施环境治理和促进生态建设的实践启示。
