Are female CEOs greener? Female CEOs and green innovation: The role of their political embeddedness

IF 3.6 2区哲学 Q2 BUSINESS Business Ethics the Environment & Responsibility Pub Date : 2023-11-22 DOI:10.1111/beer.12629

Fei Tang, Dayuan Li

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Abstract

Are female CEOs greener? Few studies have explicitly scrutinised the roles of female CEOs and their political embeddedness in green innovation. In the present work, the influence of female CEOs on green innovation is first examined. Then, the effect of politically embedded female CEOs on green innovation is explored by differentiating female CEOs as those who are and who are not politically embedded, respectively. Furthermore, the moderating effects of external environmental factors on this relationship, namely market competition and market development, are investigated. Using data on China's publicly operated firms from 2008 to 2017, the findings suggest the following: (1) female CEOs negatively affect green innovation; (2) politically embedded female CEOs positively affect green innovation; (3) the positive influence of politically embedded female CEOs on green innovation is strengthened when firms are situated in less competitive industries and more developed markets. This article extends the research and current knowledge base about female CEOs, political embeddedness, and green innovation.

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女性首席执行官更环保吗？女性首席执行官与绿色创新：政治嵌入的作用

女性首席执行官更环保吗？很少有研究明确探讨女性首席执行官的角色及其在绿色创新中的政治嵌入。本研究首先探讨了女性首席执行官对绿色创新的影响。然后，通过将女性首席执行官分别区分为政治嵌入型和非政治嵌入型，探讨了政治嵌入型女性首席执行官对绿色创新的影响。此外，还研究了外部环境因素（即市场竞争和市场发展）对这一关系的调节作用。利用 2008 年至 2017 年中国上市公司的数据，研究结果表明以下几点：(1）女性首席执行官对绿色创新有负面影响；（2）政治嵌入型女性首席执行官对绿色创新有正面影响；（3）当企业处于竞争较小的行业和较发达的市场时，政治嵌入型女性首席执行官对绿色创新的正面影响会加强。本文扩展了有关女性首席执行官、政治嵌入和绿色创新的研究和现有知识库。

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