Wu Lei, Wang Chun, Ren Honghao, Zhang Weijie
School of Economics, Qufu Normal University, RiZhao, China.
School of Management Science & Engineering, Shanxi University of Finance and Economics, Taiyuan, China.
Heliyon. 2024 Jul 8;10(14):e34287. doi: 10.1016/j.heliyon.2024.e34287. eCollection 2024 Jul 30.
This study uses data of Chinese A-share listed companies from 2012 to 2021 to empirically examine the impact and action mechanisms of executives' green cognition on enterprises' green technology innovation (GTI). The results of Poisson regression show that executives' green cognition have a significant effect on promoting enterprise GTI, with the conclusion remaining valid after endogenous and robustness tests. Moreover, the mechanism test indicates that executive green cognition could promote enterprise GTI by enhancing their ESG performance. Further analyses find that both government environmental regulation and executive overseas experience have strengthened the promotion effect of executive green cognition on enterprise GTI. These findings provide a new action mechanism path for the relationship between executive cognition and corporate innovation and a micro-level theoretical basis for policy recommendations for promoting enterprises' GTI and ESG practices.
本研究采用2012年至2021年中国A股上市公司的数据，实证检验高管绿色认知对企业绿色技术创新（GTI）的影响及其作用机制。泊松回归结果表明，高管绿色认知对促进企业绿色技术创新具有显著作用，经过内生性和稳健性检验后该结论依然成立。此外，机制检验表明，高管绿色认知可通过提升企业的ESG表现来促进企业绿色技术创新。进一步分析发现，政府环境规制和高管海外经历均强化了高管绿色认知对企业绿色技术创新的促进作用。这些研究结果为高管认知与企业创新之间的关系提供了新的作用机制路径，也为促进企业绿色技术创新和ESG实践的政策建议提供了微观层面的理论依据。
