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How Does CEO's Environmental Awareness Affect Technological Innovation?
Qinghua Huang1, Xiding Chen2, Mi Zhou3
1School of Economics and Management, Southwest University, Chongqing 400715, China. hqh@swu.edu.cn.
International Journal of Environmental Research and Public Health
|January 20, 2019
Summary
CEOs with higher environmental awareness drive significant technological innovation through increased R&D investment and patent acquisition. This positive impact is amplified in firms with greater oversight, boosting overall innovation vitality.
Area of Science:
- Business & Economics
- Environmental Studies
- Innovation Management
Background:
- Corporate environmental responsibility is increasingly scrutinized.
- The link between leadership values and firm-level innovation requires further empirical investigation.
- Understanding CEO's environmental awareness impact on technological innovation is crucial for sustainable business practices.
Purpose of the Study:
- To empirically investigate the effect of Chief Executive Officers' (CEOs) environmental awareness on technological innovation.
- To examine the mediating role of R&D investment and patent acquisition.
- To explore the moderating effect of corporate monitoring on this relationship.
Main Methods:
- Utilized a large sample of 7615 observations from Chinese A-share listed firms (2003-2014).
- Employed empirical regression analysis to assess the impact of CEO environmental awareness on technological innovation metrics.
- Conducted robustness checks to validate findings.
Main Results:
- CEO environmental awareness significantly and positively influences technological innovation.
- Environmentally conscious CEOs increase R&D investment and patent acquisition, enhancing innovation efficiency.
- The positive effect is more pronounced in firms with higher levels of monitoring.
Conclusions:
- A CEO's environmental consciousness is a key driver of technological innovation.
- Firms benefit from environmentally aware leadership, particularly under strong governance structures.
- Findings offer insights for enhancing corporate innovation and informing environmental policy.
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