Affiliation:
1. Business School Hunan University Changsha China
2. Center for Resource and Environmental Management Hunan University Changsha China
3. Schulich School of Business York University Toronto Ontario Canada
Abstract
AbstractThis study investigates the effect of corporate environmental information disclosure (EID) on green innovation in China's heavily polluting industries during 2009–2020 and the moderating effect of Chief Executive Officer (CEO) visibility. The results show that: (1) corporate EID increases green innovation, and CEO visibility strengthens the positive impact of corporate EID on green innovation. (2) The green innovation fostered by EID comes from the leverage effect, not from the crowding‐out effect at the expense of other existing innovations; EID stimulates green innovation by alleviating financing constraints and increasing R&D expenditures. (3) Corporate EID has a greater impact on substantive green innovation than on strategic green innovation, and hard EID makes a more significant contribution to green innovation than soft EID does. (4) State‐owned, large, and established enterprises benefit more from the promotion effect of EID on green innovation as well as the positive moderating effect of CEO visibility.
Funder
National Natural Science Foundation of China
National Social Science Fund of China
Subject
Management, Monitoring, Policy and Law,Strategy and Management,Development
Cited by
5 articles.
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